TDC Office Lease Agreement

The TDC Office Lease Agreement is a contract between the City of Panama City Beach, Florida, and the County of Bay, Florida, for the lease of a property to be used as a visitors information and promotional center. The contract has a term of 30 years, with an option to renew for four consecutive terms of five years each. The County is responsible for maintaining the property and paying all utilities and taxes. The City has the right to terminate the lease if the County fails to comply with the terms of the agreement. The contract also includes provisions for liability insurance and indemnification. • The lease is for a term of 30 years, with an option to renew for four consecutive terms of five years each. • The County is responsible for maintaining the property and paying all utilities and taxes. • The City has the right to terminate the lease if the County fails to comply with the terms of the agreement. • The contract includes provisions for liability insurance and indemnification. • The lease is for a property to be used as a visitors information and promotional center.