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termination or cancellation as provided for in this Agreement), all such leasehold improvements shall be deemed to be part of the Leased Premises and shall not be removed by the TENANT when it vacates the Leased Premises, and title thereto shall vest solely in the LANDLORD without payment of any kind or nature to the TENANT. Should the TENANT bring andlor install any furniture and/or equipment to the Leased Premises, which personal property can be removed without damage to the Leased Premises, such shall remain the TENANT'S property and may be removed from the Leased Premises upon the expiration of this Agreement. Prior to commencing any improvements and/or repair to any property owned by the LANDLORD, including the purchase of supplies and/or materials from materialmen and suppliers, and/or before recommencing any such work or repair after a default or abandonment, the TENANT shall obtain and deliver to the LANDLORD copies of any bonds from its contractors, at its sole cost and expense, a payment and perfonuance bond, or such other alternate form of security, each which meet the requirements, as applicable, of Section 255.05, Florida Statutes, as set forth below, not less than ten (10) days prior to the anticipated purchase of supplies and/or materials, commencement of the improvements and/or repairs. Said payment and performance bond(s) shall name the LANDLORD as an additional payee and oblige. The form of such bonds shall be as provided by Section 255.05, Florida Statutes, and each shall be in the amount of the entire cost of the improvements and/or repair project regardless of the source of funding. The TENANT shall be responsible for recording the bonds in the public records of Miami-Dade County, Florida, and providing notice to contractors, subcontractors, and suppliers, as required by Section 255.05, Florida Statutes. Said payment and performance bonds shall be maintained in full force and effect for the duration of any improvements and/or repair project. However, the foregoing requirement of securing a performance bond shall not be required when such contract for any improvements and/or repair is estimated, in accordance with.generally accepted cost-accounting principles, to have a cost of$50,000 or less. ARTICLE IX ASSIGNMENT Without the written consent of LANDLORD first obtained in each case, TENANT shall not sublet, transfer, mortgage, pledge, or dispose of this Lease Agreement or the term hereof ARTICLE X NO LIABILITY FOR PERSONAL PROPERTY All personal property placed or moved in the Leased Premises shall be at the risk of TENANT. LANDLORD shall not be liable to TENANT or any third party for any damage to said personal property unless solely caused by or due to the negligence of LANDLORD, LANDLORD's agents or employees, subject to all limitations of Florida Statutes, Section 768.28. ARTICLE XI SIGNS Signs will be of the design and form of letter to be first approved by LANDLORD. Sign wording will require written pre-approval of LANDLORD within ten (10) days after submittal by the TENANT. The cost of any sign shall be paid by TENANT. Signs shall be subject to the graphic standards outlined in the County's Branding Style and Usage Guide when developing construction signage. All signs shall be removed by TENANT at termination of this Agreement and any damage or unsightly condition caused to Leased Premises because of or due to said signs Page 6 of 16 Sunny Isles Lease Agreement