TERM AND BASE RENT. This lease shall be for a term of eleven (11) years commencing January 1, 2020, at an annual rental of One Thousand Dollars ($1,000.00), payable in advance, in annual installments. The first installment shall be due thirty (30) days after the signing of this lease. After the term of this lease, this lease shall be automatically renewed annually for additional one-year terms unless either the City or ▇▇▇▇▇ elect not to renew this lease by giving sixty (60) days prior written notice to the other party.
Appears in 2 contracts
Sources: Lease Agreement, Lease Agreement