Hold PHearing_Lease_CraigClerf - Laserfiche WebLink

Home Browse Search

LESSEE hereby assures that it will include the above clauses in all sub -leases and cause sub -tenants to similarly include clauses in further sub -leases or partial assignments. 10. ASSIGNMENT, SUBLEASING AND RENTING. Except as provided in this Section 10, Lessee shall not sell, assign, sublet, transfer, mortgage, pledge, hypothecate or encumber this Lease or any interest therein, nor rent or sublet the whole or any part of the Premises, nor shall this Lease or any interest hereunder be assignable or transferable by operation of law or by any process or proceeding of any court, or otherwise, without the prior written consent of Lessor, which consent shall not be unreasonably withheld or delayed. Month -to -Month leases are not assignable. 10.1 Assignment by Lessee. Upon receipt of Lessor's prior written consent and as otherwise provided in this Section 10, Lessee shall have the right to fully or partially assign its rights under the Lease. Lessor reserves the right to refuse to give such consent if, in Lessor's reasonable business judgment the proposed assignee is not financially or otherwise reasonably capable of fully performing the obligations of Lessee under this Lease; or that the proposed assignee's use of the Premises would result in the Premises or Improvements being used in contravention of the terms of this Lease. The proposed assignee/purchaser must meet all county requirements then existing for a new tenant and assume the existing lease as tenant. In the event an assignee is approved by Lessor in writing and upon such assignee's written acceptance of all terms and conditions of the Lease, Lessee shall be released from any further obligation under the Lease. Provided, in the event of a partial assignment, the Lessee and the assignee shall remain and be jointly and severally liable for all Lessee obligations under the Lease, and all references to Lessee in the Lease shall then and thereafter be deemed to include any and all partial assignees. 10.2 Assignment by Lessor. Lessor shall have the right, in Lessor's sole discretion, to assign any of its rights under this Lease (and in connection therewith, shall be deemed to have delegated its duties), and upon any such assignment, Lessee agrees that Lessee shall perform its obligations under this Lease in favor of such assignee. 10.3 Transfer Fee. Each time the right to occupy a hangar unit is transferred by an assignment, sublease or sale, the Lessee shall pay the Lessor a sum of $525.00, as an administration fee. 10.4 REETI. Kittitas County reserves the right to impose the REET 1 tax on all sales of leasehold improvements per RCW 82.46.010). Any city, town, or county may impose a 0.25% real estate excise tax — known as REET 1 or the "first quarter percent". If a county imposes this tax, it is applied within the unincorporated areas only. 10.3 Encumbrances. Lessee shall not encumber or permit the encumbrance of any real property at the Airport but not including the Premises. Lessee shall not encumber or permit the encumbrance of any of Lessee's rights under this Lease without Lessor's prior written consent, which consent shall not be unreasonably withheld or delayed. Any purported encumbrance of rights in violation of this Section 10 shall be void. In connection LESSEE Gc- 15 LESSOR