Alpine Towing - Laserfiche WebLink

Home Browse Search

Page 3 0110.INSURANCE COVERAGES REQUIRED:The Landlord does not maintain any insurance to cover loss to the property of Tenants brought upon the premises. Accordingly,the Tenant shall maintain at all times during the lease term at Tenant's cost,a comprehensive public liability insurance policy protecting Landlord against all claims or demands that may arise or be claimed on account of Tenant's use of the premises.The policy must be in the amount of$2,000,000.00 for injuries to persons in one accident,$1,000,000.00 for injuries to any one person,and$100,000.00 for damages to property.The Landlord shall be named as an additional insured under the terms of the policy.The insurance shall be written by a company or companies acceptable to Landlord,authorized to engage in the business of General Liability Insurance in the State of Florida.Tenant shall deliver to the Landlord annual certificates demonstrating that insurance is paid in full and copies of the insurance policies issued by the insurance companies.The insurance policies shall be provided by Tenant and shall be for a period of one year.If Tenant fails to furnish policies or certificates showing policies paid in full as provided in this lease.Landlord may obtain the required insurance,and the premiums on that insurance will be deemed additional rent to be paid by the Tenant to the Landlord on demand. 11.ACTS INCREASING INSURANCE PREMIUM:In the event that the Hazard or Liability Insurance Policy of the land containing the leased premises is increased as a result of the Tenants type of operation,the Tenant shall pay as additional rent the difference in premium caused by such operations and occupancy,this amount shall be due and payable on demand to the Landlord.Should the Hazard and Liability Insurance policy of the land in which the leased premises is contained ever be canceled as a result of the use and occupancy of the Tenant. The Tenant shall promptly make,at his or her own expense,any repairs,alterations,changes,or improvements to the premises or equipment as required by the Hazard or Liability Insurance Company which caused the cancellation of the increase in premium.If the Tenant is unable to make alterations or repairs in its leased premises or equipment so that the Hazard or Liability Insurance can be restored to the building within 10 days of written notice to cure,then this lease may be terminated at the option of the Landlord and the Tenant shall vacate the premises within 30 days after notice of termination. 12.TIME/RULES AND REGULATIONS:It is agreed and understood that as to all matters described herein,time is of the essence.The Tenant further agrees to abide by the rules and regulations listed herein or as attached to this lease.The Tenant further agrees to comply with all laws,statutes,regulations,rules,orders and ordinances of the Federal, State,Local,and any other governing body applicable to the use and occupancy of the leased premises.Furthermore,the Tenant shall comply with and execute all rules,orders and regulations of the Southeastern Underwriters Association for the prevention of fires at their own cost and expense. 13.ABANDONMENT:Pursuant to Florida Statute 83.05,it shall be presumed that the Tenant has abandoned the leased premises where the Landlord reasonably believes that the Tenant has been absent from the rented premises for a period of 30 consecutive days; where the rent is not current;and where 10 days have elapsed from the posting of a 3-day notice on the premises.In this instance,the Landlord shall immediately recover possession of the premises and may enter the property and remove and dispose of the personal property belonging to the Tenant without liability therefore. fill A,/)42- RJs) 17-11 - 01 9 / Y