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Parking Lot Lease – Re-Entering into Five (5) Year Lease Agreement - Mary Coyne Investments, LLC
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Parking Lot Lease – Re-Entering into Five (5) Year Lease Agreement - Mary Coyne Investments, LLC
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4/26/2022 2:33:27 PM
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Board of Public Works
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Contracts
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4/26/2022
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Page 2 of 4 <br />of Lessee. Lessor covenants that Lessee may peacefully hold and enjoy the Leased Premises during the lease <br />term without any interruption by Lessor, its successors or assigns, or any other person or entity. <br />b.Lessor and its authorized representatives shall have the right to examine and inspect the Leased Premises <br />from time to time during usual business hours. <br />c.Lessor represents and warrants that it has received no notice or knowledge of claimed violations of any law, <br />ordinance or regulation relating to the Leased Premises. <br />12.Termination. In the event that either party breaches any covenant or obligation in this lease, the non-breaching <br />party shall give the breaching party written notice of any intent to terminate this lease for such breach and of the <br />cause therefore. If the breaching party does not correct the breach specified within thirty (30) days (or, in the event <br />the breach is of a nature that cannot be reasonably remedied within thirty (30) days, fails to commence to remedy <br />such breach within thirty (30) days and continue with reasonable diligence to correct same) this Lease may then be <br />terminated by thirty (30) days written notice by the non-breaching party to the breaching party for such uncured <br />cause. Upon cancellation or termination of this Lease, Lessee shall be released from any further obligation under <br />the terms of this Lease arising after the date of such termination. Lessee may terminate the lease for any reason upon <br />sixty (60) days written notice to Lessor. <br />13.Surrender. Upon the termination of this Lease by lapse of time or otherwise, Lessee agrees that it will surrender <br />and deliver to Lessor possession of the Leased Premises. Lessee shall have the right to remove any and all of <br />Lessee's personal property and trade fixtures prior to such surrender and delivery. <br />14.Notices. Any notices or communications required or requested to be given under the terms of this lease shall be <br />deemed properly given if mailed by United States mail, registered and with postage prepaid, if to: <br />to Lessor at: to Lessee at: <br />Mary Coyne Investments, LLC <br />1428 Hamilton Avenue <br />Cleveland, Ohio 44114 <br />ATTN: Michael F. Coyne, Esq. <br />City Controller <br />Department of Administration and Finance <br />City of South Bend <br />227 W. Jefferson Blvd., 1200N <br />South Bend, Indiana 46601 <br />With a copy to: <br />Corporation Counsel <br />Department of Law <br />City of South Bend <br />227 W. Jefferson Blvd., 1200S <br />South Bend, Indiana 46601 <br />Addresses for notices may be changed by delivery notice of such change in the manner provided above. <br />15.Brokers. Lessor and Lessee each represent and warrant that they have not obligated the other to compensate any <br />agent, attorney, broker or finder or their intermediary in connection with the negotiation, preparation or execution of <br />this Lease. <br />16.Severability. If any provisions of this Lease shall be invalid or unenforceable, the remainder hereof shall <br />nevertheless continue in full force and effect. <br />17.Waiver. Neither the failure nor any delay on the part of a party to exercise any right, remedy, power or privilege <br />under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, <br />power or privilege preclude any other or further exercise of the same or of any right, remedy, power or privilege, nor <br />shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of <br />such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is <br />in writing and is signed by the party asserted to have granted such waiver.
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