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R91-42 RATIFYING EXECUTION OF LEASES - DECATUR-MACON COUNTY OPPORTUNITIES CORPORATION
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R91-42 RATIFYING EXECUTION OF LEASES - DECATUR-MACON COUNTY OPPORTUNITIES CORPORATION
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Resolution/Ordinance
Res Ord Num
R91-42
Res Ord Title
RATIFYING EXECUTION OF LEASES - DECATUR-MACON COUNTY OPPORTUNITIES CORPORATION
Approved Date
4/15/1991
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for property damage of not less than Fifty Thousand Dollars <br /> ( $50, 000 . 00) . Tenant shall furnish Landlord a certificate of such in- <br /> surance at the inception of the lease, at its expense. <br /> SECTION 7 . DAMAGES TO OR LOSS �F IMPROVEMENTS EY FIRE OR OTHER <br /> CASUALTY: Landlord agrees to maintain fire and extended coverage in- <br /> surance upon the improvements in which Premises are located, to the <br /> full value thereof, for the lease term and any extension thereof. If <br /> during the term of this lease, or any extension thereof, the Premises <br /> shall be substantially destroyed by fire or other casualty, not the <br /> fault of Tenant, then this lease, at the option of Tenant and upon <br /> notice in writing to Landlord, shall cease and terminate, and each <br /> party shall be released from further oblig�tion hereunder. <br /> SECTION 8 . RIGHT TO INSPECT PREMISES: Tenant agrees to permit <br /> Landlord the opportunity to inspect the premises during daylight hours <br /> on �ny business day throughout the term of this lease. The right to <br /> inspect is given to the Landlord so that it may satisfy itself of <br /> Tenant' s compliance with all laws, ordinances, �nd codes affecting the <br /> premises, and the terms of this lease. <br /> SECTION 9 . RIGHT TO EXHIBIT PREMISES: Tenant agrees to permit <br /> Landlord reasonable opportunity at all times to exhibit the Premises <br /> for sale and during the month next preceding the termination of this <br /> lease or any extension thereof, if Tenant has not heretofore notified <br /> Landlord of its selection to renew the lease, and in any event, during <br /> the 59 days next preceding Tenant' s final year under this lease and <br /> all exercised options, to exhibit the Premises to applicants for rent- <br /> ing the same and to post notices on the demised Premises . <br /> SECTION 10 . ASSIGNMENT AND SUBLETTING: This lease and any ex- <br /> tension thereof shall extend to the successors and assigns of the <br /> parties hereto, except, however, that Tenant shall not �ssign this <br /> lease or sublet all or part of the demised Premises without, in each <br /> case, obtaining the prior written consent of Landlord, which consent <br /> Landlord agrees not to withhold arbitrarily as to any proposed as- <br /> signee or sub-tenant of financial responsibility and good business <br /> reputation desiring to use said Premises for a purpose neither <br /> detrimental to the Premises nor involving any increase in the rate of <br /> insurance . <br />
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