Agmt 2005 Brandenburg-Staedler Mission Bay Mobilehome Community

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term of this Agreement, in excess of the initial Seventy-five thousand dollars ($75,000) may be passed through to Tenants as additional rent on a pro-rated basis, provided these costs are amortized over a five (5) year period, separately stated on the rent bills, will not be subject to annual percentage increases, and are eliminated once complete reimbursement has been achieved. Tenants' pro-rata share shall be calculated on the basis of the actual number of mobilehome spaces in the Park. These costs will be the net of any insurance reimbursement. Landlord shall maintain, throughout the term of this Agreement, the types and amounts of property insurance in effect on December 1, 2005, provided said insurance continues to be commercially available and at costs which are no greater than the premiums in effect on December 1, 2005, adjusted each year by the percentage amount of the annual rent increase as provided in Section D. If said property insurance is not commercially available and/or the costs exceed the amounts indicated above, Landlord reserves the right at its sole discretion to make any adjustments or modifications it deems reasonable and prudent to the amounts and types of property insurance on the Park. If the amounts and types of property insurance are significantly reduced or eliminated, Landlord will so notify a committee of Tenant representatives. Costs to repair the damage per event or occurrence may be generated from more than one contractor, and will be added together to arrive at the total amount of costs to be passed through to each Tenant as provided above. F. Utilities: Landlord retains the right to submeter water or to separately charge for any utility service in accordance with State law. G. Rent Increases on Resale: In the case of an on-site resale of Tenant's mobilehome on or after December 1, 2005, Landlord may increase the rent according to the following schedule: a. For space rents under $700.00 per month, fifteen per cent (15%} or a maximum of $75 per month, which ever is greater. b. For space rents from $700.00 per month to and including $799.99, a maximum of $50.00 per month. c. For space rents from $800 per month and above, a maximum of $25.00 per month. Note: Landlord may increase the rent on resale only once per space during the entire term of this Agreement, except as provided in Subparagraph 2 below. 2. This limitation on the amount of the increase stated above shall not apply in the following cases: 5