15 - City-Owned Hangar Lease Agreement Amendment

Home Browse Search

3. LESSEE shall pay to LESSOR at the City Hall in the City of Paris, the agreed rental in advance, promptly and without neglect, default, or delay. Should LESSEE fail to make payments in a timely manner, a late penalty of 10% shall be assessed beginning on the tenth calendar day after the due date. Should payments remain past due for more than thirty (30) days, Lease is in default and may be terminated, as provided herein below. 4. The term of this lease shall beyears L on a month to month basis, beginning ._................. ........................... This lease be emended by LESSEE f a addit;..,. a X wee (3) year- > ided all 4s of this > LESSEE owes no taxes,fees, er- penalties to the City of Par -is; and LESSEE makes 1-un-A-m&H its desife to extend the lease He later- th vffien ae irae to LESSOR -aerse .a. nee with the to,.ms of See fi ,,, 54 her -e;,.. The lease will continue each month thereafter provided all requirements of the lease have been met; LESSEE owes no taxes, fees, or penalties to the City of Paris. Either party may terminate the lease by providing a thirty (30) days advance written notice of termination. MAINTENANCE & USE 5. LESSEE shall, at its own cost and expense at all times during the term of Lease: 1) Keep and maintain property and facilities in good condition and repair, and make good to LESSOR any and all injuries and damages to the same caused by LESSEE or those under him and will deliver same to LESSOR at the expiration or termination of this Lease in as good condition as when rented, usual wear and tear alone excepted; 2) Comply with all fire, building, and property maintenance codes and zoning regulations now in force, or that may be hereafter enacted with regard to the use of the airport premises; 3) Maintain roofs and walls free from leaks and damage; and 4) Maintain property clear of clutter and junk. 6. LESSEE will, upon the expiration of this Lease, peaceably yield up to LESSOR all and singular the premises and all future erections, additions, or repairs to or upon same, if any, in good repair, including but not limited to the hangar building and any permanent installation of equipment and fixtures. 7. The primary purpose for which the hangar has been leased is the storage of airplanes and related aeronautical equipment and other items of personal property pertaining to that use and owned by the LESSEE. Towards that purpose LESSEE shall advise LESSOR and its airport manager the specific aircraft(s) to be stored in hangars, and should LESSEE change aircraft(s) LESSEE shall notify both LESSOR and its airport manager of said change Revised 1-10-2022