Res 1982-020 - Laserfiche WebLink

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2. Purpose. It is agreed by tenant that the herein demised premises shall be utilized by tenant for storing, repairing, main- taining and servicing aircraft helonging to, leased to or under the control of tenant. The la lord may, upon written request, allow the demised premises to be used for purposes other than those pre- viously stated, and if such pernlission is given, the agreement shall be included as an exhibit 0 is agreement. Tenant may also service aircraft owned by, leased to, or under control of tenant with aviation fuel and lubricating oil, provided, that all laws and airport regulations dealing with use and operation of the servicing tanks a rucks are complied with. 3. Term. The term of is agreement shall be on a month-to- month basis. It is understood and agreed that notwithstanding the above term either party may cancel and terminate this agreement by serving thirty (30) days written notice of its election to do so. 4. premises ($ advance, Rental. Tenant shall pay landlord as rent for the demised the sum of dollars ) per month to be paid to the City Finance Office, in on or before the first day of each month. Any rent payable by tenant hereunder which is not paid when due shall bear interest at the rate of ten percent (10%) per annum from the due date thereof until paid. If any rental hereunder commences or terminates prior to the last day of any month, such rental for such month shall be determined on a pro-rata basis according to the number of days of such month involved. On the date of execution of this _ rental aareementtenant shall pay to the City Finance Office the sum of $ . J which sum consists of rent for one month, which shall be considered_to be rent for the last month of this agreement, plus a pro-rata portion of rent for one month measured from the date of execution of this agree- ment to the first day of the month following the date of execution. 5. Fire Insurance. Landlord shall keep in force during the term of this agreement, a policy of insurance covering fire and ex- tended coverage, malicious mischief and vandalism for the building only. Tenant shall obtain its own insurance coverage for its pro- perty contained within the said building. 6. Assignment or Sublease. Tenant covenants not to assign, transfer, nor to sublet, license or permit the use of the premises or any part thereof, except to a wholly owned, affiliated or sub- sidiary company, nor permit any transfer by operation of law of its interest created thereby, Executed by Landlord this day of 19 ROVED AS TO FORM: CITY OF SAN MARCOS: BY: CITY ATTORNEY BY: CITY tv1ANAGER Executed by Tenant this day of 19 ATTEST: TENANT: BY: -5-