Minutes - April 1, 2013 Regular Meeting

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RK nnn?�, Pr..n4 7S LEASE AGREEMENT BETWEEN THE COUNTY OF LEE AND DEAN REAL ESTATE, INC. This lease is made by Dean Real Estate, Inc., ( "Landlord ") and Lee County, one of the counties of the State of North Carolina ( "Tenant'). WHEAREAS, the parties hereto have mutually agreed to the terms of this lease agreement as hereinafter set out. NOW, THEREFORE, in consideration of the rent hereinafter agreed to be paid and the terms and conditions hereinafter set forth, Landlord does hereby let and lease unto Tenant and Tenant hereby takes and leases from Landlord for and during the period of time and subject to the terms and conditions hereinafter set out certain space in the City of Sanford, County of Lee, North Carolina, more particularly described as follows: 1. Premises Suites 2, 3, and 4 in Building 1, 101 Commercial Court, Sanford, North Carolina being +/ 7700 sq.feet. 2. Lease Term The term of this lease shall be for a period of three (3) years, beginning April 1, 2013 and ending March 31, 2016. 3. Rent The Tenant shall pay to the Landlord as rent the sum of $36,000 dollars per annum, paid in equal quarterly installments of $9,000, beginning on April 1, 2013. No security deposit shall be required. The Tenant shall pay the aforesaid rent to Landlord at the address specified in this agreement, or, to such other address as the Landlord may designate in writing. 4. Use and Operation of Tenant's Business The leased space will be used as a gymnastic gymnasium. Any other use requires Landlord's approval. 5. Si ns No sign of any type or description shall be erected, placed or painted in or above the premises or the property without Landlord's prior written consent and Landlord reserves the right to remove, without notice to Tenant, without liability to Tenant for any damages sustained by Tenant as a result thereof, and at Tenant's expense, all signs other than signs approved in writing by Landlord.