Airport T-Hangar Lease 2022 (2) - Laserfiche WebLink

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LESSEE__________ 3 LESSOR__________ 3.3.2 Monthly Rental Payments: If Lessee fails to pay the monthly rental payment when due under this Lease, such unpaid amount shall bear interest at the rate of twelve percent (12%) from the due date of such amount to the date of payment in full, with interest. 3.4 Leasehold Tax: In addition to any rental herein provided, the LESSEE shall pay to the LESSOR the leasehold tax as set forth by the State of Washington R.C.W. 82.29A.030 or as amended. The tax shall be due and payable at the same time the rental charged herein is due and payable. Currently, the Leasehold Tax rate is at twelve-point eighty-four percent (12.84%). 4. USE: Lessee agrees that it shall use the Premises for the following purposes and for no other purposes: storage and maintenance of an aircraft consistent with Federal Aviation Administration standards, state and County standards, to include the Kittitas County Airport Minimum Standards, Airport Master Plan, Bowers Field Rules and Regulations, and Local zoning. Any object, equipment or vehicle that prevents an aircraft from being stored in a hangar is not allowed. An “aircraft” shall be any aircraft that LESSEE owns or leases (or that is subject to an authorized sublease) when approved in writing in advance by LESSOR. LESSEE shall provide proof of the ownership or lease of any Aircraft upon LESSOR’s request. The Aircraft identified at Exhibit C are the Aircraft approved by LESSOR upon entering this LEASE, and LESSEE shall provide the same information to LESSOR in writing when requesting approval for any subsequent Aircraft. 4.1 No Unauthorized Use: LESSEE AND LESSEE’S associates shall not engage in any unauthorized uses, including, but not limited to: engaging in or knowingly allowing any unsafe or hazardous activity, practice or condition to exist on or about the PREMISES; damaging, interfering with, or altering any airport improvement; restricting access on any road or other airport area that LESSEE does not lease; any use that would constitute a public or private nuisance or a disturbance or annoyance to other airport users; any commercial activity without LESSOR’s reasonable consent; driving a motor vehicle in a prohibited airport location; the use of automobile parking areas in a manner not authorized by LESSOR; any use that would interfere with any authorized operation at the airport; and any use that would be prohibited by or would impair coverage under either party's insurance policies. LESSEE and LESSEE’s associates, (lessee’s employees, officers, directors, contractors, subcontractors, suppliers, agents, invitees and other representatives) shall use the PREMISES and the Airport only for purposes that are expressly authorized by this LEASE and not prohibited by state, federal and local laws and regulations. In addition, the Tenant specifically agrees to abide by the following tee-hangar rules and regulations: • To use the tee-hangar only for aircraft storage purposes.