TENANT ESTOPPEL CERTIFICATE - CAMPUS WALK SOLD TO EURO-AMERCIAN INVESTMENTS, INC.
Of Counsel:
MILTON D. JONES
A rrORNEY AT LAW
(727) 446-1160
JERRY C. COBB
A1TORNBY AT LAW
SUITE 206-207
LEGAL ARTS BUILDING
501 So, FT, HARRISON AVENUE
CLEARWATER, FLORIDA 33756
Telephone
(727) 442-3465
(727) 443-1738
FAX (727) 441-3024
December 28, 1999
Clearwater Gas Sytems
2551 Drew Street, Suite 304
Clearwater, FL 33765
ATTENTION: Chris Thorn
RE: Lease of Suite 304, Campus Walk Plaza
2551 Drew Street, Clearwater, FL
Dear Mr. Thorn:
The Campus Walk shopping center is being sold the first week
of January to Euro-American Investments, Inc. and Premier Community
Bank Of Florida will be providing the mortgage financing. Premier
Community Bank is requiring each tenant to execute a Tenant
Estoppel Certificate and in line with the requirements of Section
1.02 of the Lease, I am enclosing an Estoppel Certificate for
signature by your authorized representative. Please have your
representative sign the certificate, have his or her signature
acknowledged and return the certificate and attached lease and
letter exhibits to me.
If you have any questions concerning the execution of this
certificate kindly call me.
Your assistance in expediting this matter will be appreciated.
JCC/dc
Enclosures
:~2J;i;S'
TENANT ESTOPPEL CERTIFICATE
CITY OF CLEARWATER, (the "Tenant") does represent, warrant,
covenant and agree as follows:
1. Tenant has leased Suite #304, Campus Walk Plaza, Clearwater,
Florida, Florida (the "Property") from ABS PROPERTIES, a Florida general
partnership, (the "Landlord") pursuant to that certain lease agreement
by and between Tenant and Landlord dated May 12, 1994, a copy of which
is attached hereto as Exhibit "A" (the "Lease") as renewed and extended
by letter agreements dated May 19, 1999 and August 17, 1999, copies of
which are attached hereto as Exhibit "B".
2. The Lease is in full force and effect and has not been
modified or amended and no default exists under the terms and conditions
of the Lease.
3. The Lease represents the entire agreement between Tenant and
Landlord and neither Landlord nor Tenant is obligated under any oral
agreements pertaining to the Lease of the Property.
4 . Tenant is not entitled to remove any personal property or
improvements from the Property at the expiration of the term of the
Lease other than as provided in the Lease and any exhibits thereto.
5. The rent due under the Lease has been paid through December
31, 1999, and no other prepayments of rent or security deposits have
been made except as stated in the Lease.
6. The total monthly rent due Landlord including sales taxes,
common area maintenance charges and other sums due under the Lease for
the month of December 1999 was $2,758.77. The total monthly rent due
Landlord for the monthly rental period commencing January I, 2000,
together with sales taxes and common area maintenance is as follo~s:
January rent
January sales tax (exempt)
January CAM
TOTAL
$2,071.91
-0-
701.17
$2,773.08
7. Tenant is not entitled to any rent concessions, reductions,
setoffs or rebates from Landlord unless stated in the Lease.
8. Tenant posted at the execution of the lease a non-refundable
cleaning charge of $750.00 pursuant to Paragraph 1.01(F) of the Lease
Agreement.
9. Tenant is currently solvent and is
which would materially impair Tenant's
obligations under the Lease.
10. Any obligations of Landlord as set forth in the Lease have
been fully completed and Tenant has accepted Landlord's performance
thereunder. Landlord is not in default under any of the terms of the
Lease.
not aware of any condition
ability to perform its
11. Tenant understands that the Campus Walk Plaza is being sold to
,(LJ
Euro-American Investments, Inc. and Tenant acknowledges that the
representations made herein are being given as an inducement to Premier
Community Bank of Florida (the "Bank") to make a loan (the "Loan") to
Euro-American Investments, Inc. as owner/successor Landlord to be
secured in part by a mortgage (the "Mortgage") and the assignment of
rents (the "Assignment") encumbering the Property and Tenant
acknowledges that in the event of a default on the Loan, upon receipt of
written notice from Bank, Tenant will attorn to Bank as though Bank were
the owner of the Property so long as Bank does not disturb Tenant's
occupancy of the Property under the Lease.
12. Tenant agrees not to make any prepayment of sums due under the
Lease, except as specifically required therein without the prior written
consent of Bank.
13. Tenant agrees to give Bank written notice of any default under
the terms and conditions of the Lease specifying the nature of the
default and in the event the default is a default by Landlord, its
successor or assignee, Bank shall have 30 days from receipt of notice of
said default in which to cure the same, at Bank's option, prior to
Tenant exerc~s~ng any rights Tenant may have under the Lease to
terminate theLea3~::"
Att.est:
-.... --
-
......~... . :::.... . .c. -.'.
._,'.'.....~
ia E. -Goudeau ..
City Clerk
~/b~orm: .
o n Carassas
Assistant City Attorney
STATE OF FLORIDA
COUNTY OF PINELLAS
Th foregoing
"TENANT"
CITY
CLEARWATER
By:
Mic ael J. Roberto
Its: City Manager
instrument was acknowledged before me this
, r1..o 6J 0, by MI411tU- J-. 120 8t1<.TD ,
of CITY OF CLEARWATER.
?ttA..
.J day
as the
/
Personally known
Florida driver's license
Other identification produced
ATTACHMENT(S):
Exhibit "A"
Exhibit "B"
Lease Agreement
Letter Agreements
C~~1lb~
Notary P bl~c
Cq r 0 ('I h L.. B r / h Ie:.
Print or type name of Notary
NOTARY PUBLIC - STATE OF FLORIDA
CAROLYN L BRINK
COMMISSION. CC834678
EXPIRES 5/2212003
BONDED THRU ASA 1-888-NOTARY1
(Seal)
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