Upon review and approval of the Letter of Intent by the Department, the Amendment to Lease and Agreement to be executed by the Department and tenant will be prepared by the Department in final form to be executed by both parties. The Amendment to Lease and Agreement must allow the tenant a sufficient lease term extension, not to exceed ten years, to make the project financially feasible, be in the best interests of the Department, and contain all lease amendments and contractual provisions related to construction or renovation required by the Department.
Rulemaking Authority Florida Statutes § 570.53(7). Law Implemented 570.53(7) FS. History—New 12-31-91.

Terms Used In Florida Regulations 5H-16.003

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC