Credit Union Lease

This contract is a lease agreement between the City of Hialeah, Florida, and the Hialeah Municipal Employees Federal Credit Union for a term of 3 years, commencing on March 1, 2022, and ending on February 28, 2025. The lease is for approximately 2,146 square feet of office space in the first floor of City Hall at 501 Palm Avenue, Hialeah, FL 33010. The rent is $18,000 per year, payable in monthly installments of $1,500, plus applicable sales tax. The contract includes provisions for security deposit, insurance, maintenance and repairs, and termination. Key points to consider are: * The lease is for a term of 3 years with an option to renew for an additional 2-year term. * The rent is $18,000 per year, with annual increases based on the Consumer Price Index. * The tenant is responsible for maintaining the premises and paying all utility services required. * The landlord is responsible for repairing and maintaining the exterior structural components and common areas. * The contract includes provisions for insurance, indemnity, and termination.