2026-07-14 · Board Packet · Page 24

Lease Agreement
Between
The Board of Education of the Los Alamos Public Schools
And
Carla Jaramillo  dba “Hair Experts”
INITIALS: ____________  & _____________      PAGE 11 of 15      
   LESSEE                       LESSOR                                                
           
ARTICLE 19 - LESSEE’S FIXTURES
Lessor agrees that the counters, wall shelving, signs, and any other fixtures and equipment 
which may, from time to time, be placed in or on the Leased Premises by the Lessee are the 
property of the Lessee, who at any time Lessee is not in default hereunder, may remove such 
moveable fixtures and equipment.  Upon the expiration or termination of the Term of this 
Lease, if so, requested by Lessor, Lessee shall remove all moveable trade fixtures and 
equipment installed in the Leased Premises by Lessee, whether or not such fixtures and 
equipment are fastened to the Leased Premises and regardless of the manner in which they are 
so fastened, provided, however, that Lessee shall fully repair damage of any kind or character 
occasioned by removal of any such fixtures or equipment.
ARTICLE 20 - TRANSFER OF LESSOR’S INTEREST
Lessor hereby reserves the right to sell, assign or transfer the Leased Premises upon the 
condition that in such event this Lease shall remain in full force and effect, subject to the 
performance by Lessee of all the terms, representations and conditions on its part to be 
performed.  Upon any such sale, assignment or transfer, Lessee agrees to look solely to any 
assignee or transferee with respect to all representations to be performed by Lessor 
subsequent to the date of such sale, assignment or transfer in connection with this Lease and 
Lessor shall be released from any further obligations hereunder provided the assignee or other 
transferee shall have assumed the obligations of Lessor hereunder. 
ARTICLE 21 - DEFAULT      
a. If Lessee shall fail to maintain any liability insurance required hereunder or fail to 
perform any maintenance or repairs that Lessee is required to perform, Lessor may, but 
shall not be required to, purchase such insurance or perform such maintenance or 
repair at Lessee's cost and Lessee shall reimburse Lessor for the costs thereof as 
additional rent. Such reimbursements shall be paid by Lessee to Lessor within thirty (30)