2008-435C - Laserfiche WebLink

Home Browse Search

8.n1. LEASE AGREEMENT THIS LEASE AGREEMENT ("Lease") entered into as of this 1St day of January, 2009, ("Effective Date") between INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS, a political subdivision -of the State of Florida, having an address of 1801 27th Ave, Vero Beach, FL 32960 ("County") and Adetayo Adelakun, having an address of P.O. Box 23, Vero Beach, FI 32971 ("Tenant") Background Recitals A. Indian River County as Landlord desires to set forth the terms and conditions for the Tenant residing within the Indian River County Fairgrounds, 7955 58th Avenue, a County owned and operated facility ("Fairgrounds"). B. Indian River County as Landlord and Tenant are entering into this Lease to provide security for Fairgrounds when the Fairgrounds are closed and during non -work hours of the County's Parks or Recreation employees. C. Tenant desires to lease the Leased Premises (as hereinafter defined) on the terms and conditions set forth herein. NOW, THEREFORE, for the mutual promises contained herein and other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree to the terms and conditions set forth in this Lease: 1. Description of Leased Premises. The County hereby leases to Tenant the use of the existing rail -fenced mobile home lot located north of the Agricultural Exposition building within the Fairgrounds (such lot herein the "Leased Premises"). The County and Tenant acknowledge and agree that Tenant has resided on the Leased Premises for several years without a written Lease, and that County has now determined that a formal lease is in the best interests of the parties. Accordingly, Tenant expressly acknowledges and agrees: (a) that it has inspected the Leased Premises and accepts the same As Is, Where Is in the condition existing as of the Effective Date, together with all defects, latent and patent, if any; (b) that County has made no representations or warranties of any nature whatsoever regarding the Leased Premises including, without limitation, the physical conditions of the Leased Premises; and (c) that the County assumes no responsibility or obligation to provide any utilities of any nature whatsoever at the Leased Premises, except as may be specifically set forth in this Lease. 2. Term of Lease. The Leased Premises is leased for an initial two (2) year term subject to sooner termination as set forth herein ("Initial Term"). The Initial Term shall commence on January 1, 2009, and shall terminate on December 31, 2010, or on such earlier date as this Lease may terminate as provided herein. 3. Renewal. Provided the County and Tenant agree to renew the Lease (as it may be modified from time to time) on mutually beneficial terms; and further provided that the Tenant is not in default under any of the terms and conditions of this Lease, this Lease may be renewed for a maximum of seven (7) successive terms of two (2) years each (a Renewal Term) for a maximum aggregate of sixteen (16) years combined Initial Term and Renewal Terms. Each Renewal Term is subject to all of the provisions set forth in this 1