HomeMy WebLinkAbout0288_283223
The term of this lease is ten (10) years beginning the 12th day of June, A.D.
1972, and ending the 12th day of June, A.D. 1982, to be occupied as a miniature
golf course with parking facilities and not otherwise, upon the terms, conditions
and covenants as follows:
(1) Lessee shall pay as consideration for this lease to Lessor at Georgetown,
Texas, monthly and in advance fifteen (15%) percent of gross receipts. To this
end Lessor shall provide at Lessee's expense the tickets to be sold by Lessee and
Lessee shall pay eighty-five (85%) of the face value of such tickets. Admittance
shall be gained by those owners of such tickets only.
(2) Lessee shall, at his sole expense, construct on leased premises a miniature
golf facility as shown on the attached plans. Construction shall commence within
45 days after this agreement is signed and shall be prosecuted to completion
diligently.
(3) Charaes for public use of this facility shall be in accordance with the
attached schedule of fees and no increase in fees shall be made without prior
written approval of Lessor.
(4) Lessee shall in no way encumber the leased premises by pledge, note, mort-
gage or otherwise except that is agreed by both parties that certain monies may be
advanced by third parties having Lessee's interest as security.
(5) Lessee shall hold Lessor harmless for any damage to person or property
from any cause connected with the operation of such facility and Lessee shall furnish
Lessor with evidence of liability insurance coverage in amounts of not less than
V $50,000$100,000. Lessor shall be one of the insured. Such insurance shall be
V maintained during the full term of said lease.
(6) Lessee accepts the premises as suitable for the proposed use and shall
hold Lessor harmless -for any defect therein.
(7) Lessee shall have option to renew this agreement for a perigd of five
years; said option shall be exercised by notification in -writing -to Lessor thirty
(30) days prior to expiration of the ten year term.
(8) At the end of fifteen (15) years period the property and improvements
thereon shall revert to and become the property of Lessor.
Lessee agrees to pay an additional sum of $10.00 monthly to Lessor as a
damage and maintenance reserve. Lessor may use proceeds therefor to repair, maintain,
clean, and restore said property during the term hereof and at the termination of
the lease.
Lessee agrees to maintain said area in good and sightly condition at all times
and to keep said property in good condition. Lessee shall maintain order and reason-
able quietness at all times. Lessees service shall be courteous and polite at all
times and Lessee, his agents, employees and servants shall conduct their business
in a good and business like manner.
Should Lessee violate the terms hereof after receiving notification of such
violation at least ten (10) days before, Lessor may forthwith concel this lease.
Notice shall be deemed given to Lessee when same is deposited in U. S. Mail addressed
to Lessee at the address at foot of this instrument.
IN TESTIMONY WHERMF, the parties to this agreement have hereunto set their
hands in duplicate, the day and year above written.
LESSEE
ADDRESS