Laserfiche WebLink
202204885 <br />Provided, If the legal description of the real estate is not available at the time this Lease Is signed by LESSOR, <br />then LESSOR agrees to provide the legal description of the real estate to LESSEE within 10 days of the date this <br />Lease is signed by LESSOR. <br />2. Term: The term of this Lease shall be for a period of 10 years beginning on August 1, 2022. Thereafter, <br />this Lease shall then automatically renew for three consecutive 5 -year terms unless written notice is given to <br />LESSOR by LESSEE at least 90 days prior to the expiration of then -current term. It shall then continue on a year- <br />to-year basis unless either party shall give written notice of non -renewal at least 90 days prior to the expiration of <br />then -current term. <br />3. }tent: LESSEE shall pay to LESSOR "Rent" of $4,300.00 per year for the first three years, then at the <br />end of every 3 years rent will increase by CPI or 3% whichever is greater of the two. The Rent for the first year <br />shall be payable at the same time of the signing of this Lease. Subsequent Rent payments shall be made in <br />ANNUAL installments on each annual anniversary of this Lease. Rent shall be paid to the LESSOR at the address <br />provided for at the end of the paragraph. The landowner is WHOS Investments, LLC. Below Is <br />Investments LLC signature approving Pomp's Tire Service, Inc to be the LESSOR and recipient of the lease check. <br />101ailmg <br />morass for lease checks Pomp's Tire Service, Inc. PO Box 88697 Milwaukee, WI 53288-8697 <br />(Signature) <br />fit / LJOC ; r1s k -e <br />(printed name of officer or agent) <br />at, (, <br />(printed tif offrobr or agent) <br />of WMOS •-.-iS LLe.- <br />(printed name of Corporation acknowledging) <br />a t,� ', L e4.1+ corporation, on behalf of the corporation. <br />4. Use of Real Estate: LESSEE shall use the Premises for the construction and maintenance of an outdoor <br />advertising structure (the "Structure"), to include illuminating and posting advertising on the Structure. [The <br />Structure shall have an approximate size of 25 feet In total faces height and 25 feet In width]. LESSEE, its <br />employees and agents, shall have the right of reasonable access to and egress from the Structure from the <br />LESSEE's real estate adjoining the Premises, to include for the provision of power, communication devices and <br />connections to the Structure. LESSEE agrees to keep the Structure In good appearance and shall maintain the <br />Structure In a clean and attractive condition. If the view of the Structure is obstructed or impaired, LESSEE shall <br />have the right to remove obstructions and impairments (including the removal of trees and brush). The LESSEE <br />has its own power meter and billing for the electricity to illumine the structure. <br />5. Ownership: All equipment and materials placed upon the Premises by LESSEE (to include the Structure) <br />shall remain the property of LESSEE and may be removed by it at any time prior to or within a reasonable time <br />after the expiration of the final term of this Lease. LESSEE shall have the right to make any necessary applications <br />with, and obtain permits from, govemmental bodies for the construction and maintenance of LESSEES advertising <br />structure, at the sole discretion of LESSEE. All permits shall be and remain the property of LESSEE. LESSOR <br />warrants and represents that LESSOR is the owner of the Premise and has the right to grant LESSEE free access <br />to the Premises. If LESSOR is an entity, the person signing this Lease represents that they have the authority to <br />act on behalf of LESSOR. <br />6. Competing Structures: LESSOR warrants that there are no current leases for outdoor advertising on the <br />Premises or within 1000 feet of the Premises (to the extent of LESSOR's ownership) and that LESSEE shall have <br />the sole right to construct and maintain an outdoor advertising structure on the Premises and within 1000 feet of <br />the Premises (to the extent of LESSOR'S ownership). In the event that there is an existing lease for outdoor <br />advertising In violation of this paragraph and LESSOR fails to terminate any such lease, LESSEE may, at its sole <br />option, terminate this Lease, in which case LESSOR must immediately refund to LESSEE any Rent paid In <br />Page 2 of 4 Lease# NE20162022 <br />