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2019-148
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2019-148
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Last modified
12/27/2019 2:22:29 PM
Creation date
10/17/2019 11:48:01 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Lease
Approved Date
09/10/2019
Control Number
2019-148
Agenda Item Number
8.Y.
Entity Name
Beauty Systems Group, LLC aka Sally Beauty Supply LLC
Subject
Amendment to Lease
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AMENDMENT TO LEASE <br />THIS FIRST AMENDMENT TO LEASE (this "Amendment") is made to be effective <br />September 10 , 2019 (the "Effective Date"), by and between INDIAN RIVER COUNTY <br />BOARD OF COUNTY COMMISSIONERS, ("Landlord"), having a notice address 1801 27th Street, Vero <br />Beach, FL 32960 Attn: Public Works Director;_and BEAUTY SYSTEMS GROUP LLC, a Virginia limited <br />liability company ("Tenant"), having a notice address at 3001 Colorado Blvd., Denton, Texas 76210, Attn: <br />Real Estate, Store No. 10398. <br />WITNESSETH: <br />WHEREAS, Landlord's predecessor and Tenant entered into that certain Lease, dated April 1, <br />2014 with all subsequent amendments and extensions thereto, collectively hereinafter referred to as the <br />"Lease"; and <br />WHEREAS, Landlord purchased Sebastian Corners ("Shopping Center") and was assigned the <br />Lease whereby Landlord and Tenant are the current parties to the Lease for that certain retail premises <br />consisting of 1,600 leasable square feet more particularly described in the Lease ("Premises") such <br />Premises being part of Shopping Center located on real property more particularly described in the <br />Lease, in the City of Sebastian and State of Florida; and <br />WHEREAS, the term of the Lease shall expire on September 30, 2019; and <br />WHEREAS, Landlord and Tenant now desire to extend the term of the Lease and document <br />other mutually agreed upon modifications, all as more fully set forth below; <br />NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good <br />and valuable consideration, receipt and sufficiency of which are hereby acknowledged, the parties agree <br />as follows: <br />I. LEASE MODIFICATIONS <br />A. Lease Term. The term of the Lease is hereby extended for a period of Two (2) years <br />such that the term shall now expire on September 30, 2021 (the period from October 1, <br />2019, through September 30, 2021, herein the "Extension Period"). Notwithstanding <br />anything to the contrary contained in the Lease, the Minimum Annual Rent during the <br />Extension Period shall be $1,666.67 per month. <br />B. No Option. The parties hereto acknowledge and agree that Tenant shall have no further <br />right or option to renew or otherwise extend the Lease upon the expiration of the <br />Extension Period. At the end of the Extension Period, the Lease shall terminate and <br />Tenant shall return possession of the Premises to Landlord in accordance with the terms <br />of the Lease. <br />C. Insurance. Notwithstanding any other provisions contained in the Lease, the Landlord <br />hereby approves of the form and content of the insurance certificates attached to this <br />Amendment as Exhibit A (the "Approved Insurance Certificates") and further agrees <br />that, provided the Tenant maintains at least the insurance coverages set out in the <br />Approved Insurance Certificates, excluding the Umbrella Liability, the Tenant will be <br />deemed to be in compliance with its insurance obligations under the terms of the Lease. <br />-1- <br />
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