In consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Landlord and the Lessee agree as follows:
1. TERM, The Landlord hereby leases to Lessee that certain storage space designated as Space No.
which is a portion of property located within Parcel Nos. 2111-104-02-002 and 2111-104-02-003 in the Eagle County Assessor’s Office with both said parcels owned in fee by the District (the “Premises”), subject to the terms and conditions of this Agreement and continuing month-to-month until terminated. The Space is clean and undamaged upon Lessee occupying such Space pursuant hereto, unless otherwise noted on a signed addendum to this Agreement. The Landlord leases the Space to the Lessee in its present condition, as is, without warranty or representation. The Landlord reserves the right to amend any part or all of this Agreement, or cancel it, with thirty (30) days’ advance written notice to Lessee. Said revised Agreement shall not require Lessee’s signature to become effective and enforceable.
2. MANAGEMENT. The District and the Lessee hereby acknowledge that as of the signing of this Agreement, the Premises are managed by Steve and Christie Carver d/b/a S & C Storage, and they are the Manager. Certain provisions in the Agreement provide for actions by, payments to, or notices to the Manager, in the event that the Manager or a replacement Manager is no longer managing the Premises all such provisions shall automatically refer to the District without any need for amendment to the Agreement.
3. RENTAL. RENT IS DUE THE FIRST DAY OF EACH SEMI-ANNUAL LEASE PERIOD. Lessee shall pay the Landlord SEMI-ANNUALLY IN ADVANCE RENT OF TWO HUNDRED AND FORTY Dollars ($240.00), on the first day of each semi-annual period (the “Rent”). Rent for the first semi-annual period of occupancy will be prorated on a daily basis from the Effective Date. The last month of occupancy under this Agreement will not be prorated. Lessee understands that Rent must be paid in full at the beginning of each semi-annual period and that the Landlord does not accept partial payments. The District reserves the right to change the rental rate charged after the initial term of this Agreement with thirty (30) days’ advance written notice to Lessee.
5. NON-PAYMENT, LATE PAYMENTS, AND OTHER CHARGES. Lessee understands that, pursuant to Section 38-21.5-101.5, C.R.S., if no payment has been received for a continuous thirty-day period all articles stored under the terms of this Agreement may be sold or otherwise disposed by the Landlord. Lessee hereby agrees that failure to timely pay Rent and any late fees constitutes a breach of this Agreement and shall be a basis for termination of this Agreement by the Landlord pursuant to Section 7 of this Agreement. Lessee agrees to pay applicable late charges as set forth herein:
