Reso 2016-2577 - Laserfiche WebLink

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payment is due. There will be an extra charge of Thirty and 00/100 Dollars ($30.00) on any check returned by the bank for insufficient funds or account not existing. Any rental payment not received within ten (10) days of its due date will carry an additional charge of One and One-Half Percent (1.5%) as a late penalty fee. Rent payments shall be made to LESSOR at Arlen House East Condominium Association, Inc., c/o Property Manager, 100 Bayview Drive, Sunny Isles Beach, Florida 33160 or at such other offices as LESSOR specifies in writing to LESSEE. (B) If this Lease Agreement is extended by LESSEE,the Parties agree that the rent for the Renewal Term shall be increased by five (5%) percent over the previous year's rent. The rent for each Renewal Term shall be payable by LESSEE in twelve (12) monthly installments at the LESSOR's address above specified or elsewhere as designated from time to time by the LESSOR's written notice to LESSEE. 5. USE OF PREMISES. (A) The LESSEE shall use the Leased Premises as the location for construction office trailers and storage trailers. The use of the Leased Premises shall exclusively be for office type functions, and no heavy construction equipment shall be permitted on the Leased Premises at any time. All vehicles must be registered in advance with the LESSOR's management office, and LESSEE must purchase a transponder from LESSOR at the then going rate for each vehicle accessing the Leased Premises. Transponders are not transferable and may only be issued by the LESSOR. The LESSEE will make no unlawful use of or modify the Leased Premises, except as depicted on Exhibit "A", attached hereto and incorporated herein by reference.The LESSEE will maintain the Leased Premises in a clean, neat condition and will not accumulate or permit the accumulation of any trash, refuse or debris or of anything that is LESSOR Page 3 of 10 LESSEE