2026-07-14 · Board Packet · Page 23

Lease Agreement
Between
The Board of Education of the Los Alamos Public Schools
And
Carla Jaramillo  dba “Hair Experts”
INITIALS: ____________  & _____________      PAGE 10 of 15      
   LESSEE                       LESSOR                                                
           
Lessee shall be entitled to an equitable abatement of the rent herein agreed to be paid while 
such repairs are being made, such equitable abatement to be based upon the extent to which 
the making of such repairs and the partial or total destruction interferes with the business 
carried on by Lessee in or about the Leased Premises.  In the event that the Leased Premises 
are partially or totally destroyed by a cause or casualty to the extent of more than thirty-three 
and one-third (33 1/3%) percent of the replacement cost thereof, Lessor may elect to terminate 
this Lease by giving notice to Lessee within sixty (60) days after the occurrence of such 
destruction.
ARTICLE 16 - EMINENT DOMAIN
If any part of the Leased Premises shall be taken for public or quasi-public use by right of 
eminent domain, or transferred by agreement in connection with such public or quasi-public 
use, with or without any condemnation action or proceeding being instituted, this Lease shall 
terminate as of the date title shall vest in the condemner.  All compensation or damages 
awarded for the fee title to the real property upon such taking or transfer shall go to Lessor and 
Lessee shall have no claim thereto.  Lessee may, however, prove any other damages to which 
Lessee may be entitled to by law.
ARTICLE 17 - QUIET ENJOYMENT
Lessor represents and agrees that Lessee may, upon paying the rentals to be paid and 
performing all of the terms and provisions of this Lease, Lessee shall and may peaceably and 
quietly have, hold and enjoy the Leased Premises for the Term of the Lease and any extensions 
thereof.
ARTICLE 18 - TAXES
Lessor shall pay all ad valorem taxes, if any, assessed against the Leased Premises when due.  
All ad valorem taxes assessed upon Lessee’s personal property contained within the Leased 
Premises shall be paid by the Lessee when due.