HomeMy WebLinkAboutJoyce, David Rental Agreement - 1984 08 01RENTAL AGREEMENT
AGREEMENT made this 1st day of August, A.D., 1984,
between DAVID M. JOYCE, hereinafter "Grantor", and FEEDER TRUSS,
INC., a Florida corporation, and MIKE CODY and their employees,
agents, heirs, successors and assigns, hereinafter singularly
and collectively referred to as "Grantees".
In consideration of the mutual promises herein con-
tained, the parties agree as follows:
SECTION I - DESCRIPTION OF PREMISES
Grantor hereby grants to Grantees the right to occupy
and use, subject to all of the terms and conditions hereof,
the following described premises: FEEDER TRUSS PLANT, Seminole
County, Florida, more particularly described as: The Mill Access
Road and all of Lot 24, owned by DAVID JOYCE.
SECOND II - LIMITATION TO DESCRIIIED PURPOSES
The premises may be occupied and used by Grantees
solely for the purpose of a roof truss plant for the manufacturing
of trusses and other related wood products, office and administra-
tive functions and a live-in manager. No activities or practices
will be conducted which do not comply with all City, County
or State rules, regulations, ordinances and statutes.
SECTION III - HOLD HARMLESS CLAUSE
Grantees hereby agree to indemnify, hold harmless
and defend DAVID M. JOYCE, his agents, servants, heirs, successors
and assigns from any claims or legal actions of any nature arising
from any damage sustained to persons or property as a result
of any act of Grantees, whether negligent or intentional and
their agents, servants, employees, licensees, contractors, subcon-~
tractors or independent contractors with respect to any act
by same on the described premises. Further, Grantees covenant
that they will not settle any cause of action brought against
them where Grantor herein is joined as a co-defendant or third
party defendant without the specific consent of Grantor herein.
SECTION IV - INSURANCE
Grantees shall maintain a policy of liability insurance
against bodily injury, personal injury and property damage in
limits of not less than $250,000.00 per claimant and $500,000.00
per incident or occurrence. Grantor shall be named as an addi-
tional insured on the policy and shall be provided a copy of
the policy for approval. Coverages shall include comprehensive
general liability, contractual liability and products and com-~I
pleted operations liability.
SECTION V - PRIVILEGE NOT ASSIGNABLE
Grantees' privileges hereunder shall not be assignable
by Grantee in whole or in part.
SECTION VI - TERM
This Agreement shall be for a term of one (1) year,
renewable in writing each year thereafter no later than ten
(10) days prior to the termination hereof.
SECTION VII - MONETARY CONSIDERATION
Consideration for this Rental Agreement shall be $600.00
per month plus 5$ sales tax, payable in advance on the first
day of each month. Grantees hereby acknowledge Grantor's title
to the premise and agree to never resist, deny or contest said
title.
SECTION VIII
Grantor reserves the right to terminate this Rental
Agreement at any time by giving Grantees three (3) days written
notice of said termination, except the Grantor may, at his option,
terminate this Agreement forthwith without notice at any time,
if Grantees shall fail to comply with or abide by each and every
provision of this Agreement or fail to pay rent when due. Waiver
by Grantor of any breach of this Agreement shall not be deemed
to be a waiver of any subsequent breach of the same or any other
form or provision hereof.
SECTION IX - TIME IS OF THE ESSENCE
Time is of the essence to this Agreement.
Page Two
• IN WITNESS WHEREOF, the parties hereto have executed
this Rental Agreement at Sanford, Seminole County, Florida,
the day and year first written above.
W SSl/ESI: EED RUS , I
i ~ D , esi ent
~/ (SEAL)
individ ally
~~_ ~,`_~ ~-~~ ( SEAL )
AVID J 7
se
Page Three