2140 S Riversdie Dr - Lease

This contract is a lease agreement between the City of Edgewater, Florida, and Yosef Aleichem LLC, for the property located at 2140 S Riverside Dr. The lease has a term of 10 years, with a base rent of $66,000 per year, and an additional rent for CAM of $16,302 per year. The total monthly rent is $6,858.50, with an annual base rent increase of 5%. A security deposit of $5,500 is also required. The key aspects of this contract include the lease terms, rent payments, and security deposit. Some of the key points to consider are: • The lease term is for 10 years, which provides a long-term commitment from the vendor. • The base rent is $66,000 per year, with an additional rent for CAM of $16,302 per year. • The total monthly rent is $6,858.50, which includes both the base rent and the additional rent for CAM. • The annual base rent increase is 5%, which may impact the vendor's budget and financial planning. • A security deposit of $5,500 is required, which provides a level of protection for the City of Edgewater, Florida, in case of any damages or unpaid rent.