Sublease Agreement Summary

This Sublease Agreement, executed on June 7, 2010, is a real property lease between the State of Florida, Department of Children and Families (Sublessor) and the Department of Financial Services (Sublessees). The agreement involves the subleasing of office space located in the Emmett Roberts Building in Jacksonville, Florida (Duval County, 32211).

The sublease comprises 133 square feet of rentable space at a rate of $12.00 per square foot per year, plus one non-exclusive parking space. The monthly base rent is $133.00, with an annual total of $1,596.00, payable via journal transfer. Additional co-located costs of $62.00 per month ($744.00 annually) cover two telephone lines at $26.00 per month and mail fees at $10.00 per month. The lease term is twelve months, commencing July 1, 2010 and terminating June 30, 2011. The Sublessees have the option to renew for an additional twelve-month period under identical terms, provided written notice is given at least three months prior to expiration. The Sublessor retains responsibility for all utilities except water, sewage, and trash removal, which are the Owner's responsibility. The Sublessees are responsible for maintaining property in good condition upon lease expiration and may not alter the structure without written consent. The agreement is subject to the validity of the underlying Base Lease (Lease Number 3382) held by the Sublessor.