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<br />e., <br />I.~' "'" <br />I .' . ~v <br />I o:\p, ' .",t;V-: <br />I 0 :11'1 <br />e / <br />'. <br />e <br />() <br />. <br />() <br />. <br />. <br />. <br />. <br />.. <br />e <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br /> <br />LEASE AGREElVIENT <br /> <br />This Lease Agreement is entered into on this 3rd day of July, 2009, between Ameri <br />Dominican, Inc. ("Landlord"), and Downtown Towing Company( "Tenant"). <br /> <br />In consideration of the mutual covenants and agreements of this Lease Agreement ( the <br />"Lease"), and other good and valuable consideration, Landlord demises and leases to Tenant, <br />and Tenant leases fi'om Landlord, the two (2) contiguous parcels of vacant land commonly <br />known as 2040/2050 Northeast 154lh St., North Miami Beach, FL <br /> <br />ARTICLE 1 <br />TERM <br /> <br />Term of Lease <br /> <br />9 1.01. The term of this lease is TWENTY FOUR (24) MONTHS, beginning on 1 July <br />2009, and ending on 30 June 2011, unless terminated sooner as provided in this lease. Unless <br />Notice of Intent to Non-Renew is given to Tenant by Landlord at least ninety (90) days prior to <br />the expiration of the original term, this Lease will automatically renew for an additional term of <br />TWENTY FOUR (24) MONTHS. Automatic renewal may be avoided by Tenant by providing <br />Notice of Intent to Non-Renew to Landlord not later than eighty-nine (89) days, nor sooner than <br />sixty (60) days, prior to the expiration of the original term. <br /> <br />This Lease is terminable by either party upon ninety (90) days written notice to the other <br />party. If so terminated by Landlord and Tenant continues in possession after expiration of the <br />ninety (90) days then such continued possession shall result in Holdover status as to Tenant. <br /> <br />Holdover <br /> <br />S 1.02. If Tenant holds over and continues in possession of the premises after the lease <br />tel1l1 expires, Tenant will be considered to be occupying the premises on a month-to-month <br />tenancy, subject to all of the terms of this lease except the monthly rental amount. <br /> <br />ARTICLE 2 <br /> <br />RENT <br /> <br />Rent <br />S 2.01. Tenant shall pay rent in the amount of 52.500.00 per month, paid to the Landlord <br />on or before the first day of each month in advance. Rent shall be paid without notice, demand <br />or set-otT except as provided herein. The Landlord shall pay from the rent all property taxes. <br /> <br />Page 1 of 10 <br />