Exhibit 10.160
LEASE AGREEMENT RENEWAL
by and between
LESSOR:
OFFICE RENTALS 506 LLC
And
LESSEE:
Dwight Anderson
and LaRosa Realty Jacksonville LLC 12627 San Jose Blvd, Unit 506
Jacksonville, FL 32223
Tax ID#
Inclusive Dates of Lease
February 1, 2025 through January 31, 2026
12627 San Jose Blvd, Unit 506
Jacksonville, FL 32223
| Lessor Initials | 1 | Lessee’s |
LESSEE should review lease completely. 10/11/2024
LEASE RENEWAL AGREEMENT
by and between
RANDALL N. SMITH and DWIGHT ANDERSON AND LAROSA REALTY JACKSONVILLE LLC
This LEASE, made as of this, by and between OFFICE RENTALS 506 LLC, whose address for hereunder is P.O. Box 54593, Jacksonville, Florida 32245 “LESSOR”), and 1LaRosa Realty Jacksonville LLC, whose address is 12627 San Jose Blvd, Unit 506, Jacksonville, (“LESSEE”).
This LEASE RENEWAL continues all provision of the prior Lease or Lease Renewal with Office Rentals 506 LLC, with the following exceptions:
Paragraph 2. LEASE TERMS AND RENT COMMENCEMENT DATE
The terms of this LEASE RENEWAL (the “LEASE Term”) shall commence on February 1, 2025, the Renewal Start Date, and shall expire on January 31, 2026, renewal termination date. LESSEE shall be in continuous use and occupancy and shall not vacate nor abandon the Premises during the LEASE term.
Paragraph 9: BASE RENT
LESSEE shall pay in full to LESSOR, at the address of LESSOR, without notice, demand, deduction or set-of whatsoever, in lawful United States currency, the following rentals as Base Rent, together with any sales, use or other taxes assessed thereon, on or before the first day of each calendar month during the LEASE Term:
| Rent Start Date | Rent | Sales Tax at Start Date | Total Rent at Start Date | ||||||
| February 1, 2025 | $ | 1838.55 | $ | 64.35 | $ | 1902.90 | |||
| through January 31, 2026 | Eighteen Hundred Thirty-Eight and 55/100 dollars | Sixty four and 35/100 dollars | Nineteen Hundred Two 90/100 dollars |
(The remainder of this paragraph remains unchanged.)
Paragraph 66. OPTION TO RENEW
So long as LESSEE is not in Default under any of the terms and conditions contained within this LEASE, LESSOR grants to LESSEE an option to renew this LEASE by written request, with return receipt, sent to LESSOR at the address defined and specified at the beginning of this Lease Agreement. This option is granted by LESSOR to LESSEE as the sole and exclusive responsibility of the LESSEE. The request must be submitted by LESSEE to LESSOR, no later than ninety {90) days prior to expiration of the Lease. The Option to Renew will be for one (1) additional One (I) year term, and negotiated in good faith, and in a timely manner based upon at-that-time, current market terms and conditions. Negotiations conducted in this manner must be completed, to both parties mutual consent no later than sixty (60) days prior to expiration of the Lease, as defined and specified in the Rent Schedule. Should either one(!) or both parties (2) be absent or refrain from mutual consent to Option to Renew, or be absent or refrain from mutual consent to agreed upon market terms and conditions, then the Terms and Conditions of this LEASE as executed, pursuant to the date of signature as identified below, will remain in full force and effect until the end of said Lease Term as defined and specified in the Rent Schedule. Ergo, LESSEE must give LESSOR written notice of the “Option to Renew” on or before the last day of October 2025.
IN WITNESS WHEREOF, the parties hereto have signed and sealed this LEASE as of the day and year first above written.
| Lessor Initials ☐ | 2 | Lessee’s |
LESSEE should review lease completely. 10/11/2024
Lease Renewal Agreement
by and between
RanDALL N. SMITH and DWIGHT ANDERSON
AND LAROSA REALTY JACKSONVILLE LLC
| LESSOR | OFFICE RENTALS 506 LL | LESSEE #1 | ||
| Social Security Number or Tax ID Number | ||||
| By: | Signature | |||
| Title | Title: | |||
| Date | Date | |||
| LESSEE #2 | ||||
| Social Security Number or Tax ID Number | ||||
| Signature | ||||
| Title: |
| Witness 1 Signature | ||
| Print Name: | ||
| Witness 2 Signature | ||
| Print Name: |
LESSEE should review lease completely. 10/11/2024