#03 - Farm Land Lease - Laserfiche WebLink

Home Browse Search

LA515\1\1013142.v2 4 11. Assignment and Sublease Prohibited. The Tenant shall not sublet any portion of the Leased Premises or transfer or assign this Lease. The City’s right to assign this Lease is and shall remain unqualified. 12. Surrender of Possession. Upon expiration or termination of this Lease, the Tenant shall peaceably surrender the Leased Premises and remove all debris, crops, and personal property from the Leased Premises. The Tenant shall be conclusively deemed to have abandoned any personal property and crops not removed prior to the effective date of the City’s termination of this Lease or the Tenant’s surrender of the Leased Premises. All debris, crops, and personal property may be removed and disposed of by the City. The Tenant shall be responsible for any removal and disposal costs. 13. Holding Over. If the Tenant remains in possession of the Leased Premises after the expiration or termination of this Lease, the Tenant shall be deemed to be occupying the Leased Premises as a tenant at sufferance, subject to all the conditions, provisions, and obligations of this Lease insofar as the same can be applicable to a tenancy at sufferance, including, but not limited to, the duty to pay rent. 14. Sale or Encumbrance of the Leased Premises. If the City sells or otherwise voluntarily conveys the Leased Premises during the term of this Lease, and the City does not terminate this Lease pursuant to the terms herein, this Lease shall be subject to the rights of the purchaser of the Leased Premises from the City and the Tenant shall attorn to the rights of the purchaser. 15. Tenant’s Default. A. Events of Default: The occurrence of any one or more of the following events shall constitute an Event of Default: (1) The Tenant’s failure to pay rent when due; (2) The Tenant’s failure to maintain the insurance required pursuant to paragraph 9 above, which failure remains uncured for 15 days following the City’s written notice to the Tenant of the Tenant’s failure to perform such obligation; (3) The Tenant’s attempt to sublet any portion of the Leased Premises, or assign the Tenant’s interest under this Lease; (4) The Tenant’s failure to fully perform any of the Tenant’s obligations, other than the obligations referenced in subsections (1), (2) or (3) above, which failure remains uncured for 30 days following the City’s written notice to the Tenant of the Tenant’s failure to perform such obligation; or (5) The Tenant’s filing, or having filed against the Tenant, any bankruptcy or debtor proceedings or proceedings for the appointment of a receiver or