Florida Lease Termination Notice

Document Sample
Florida Lease Termination Notice Powered By Docstoc
					                                 AA ACQUISITIONS, LLC.
                              1400 N.W. 10ih Avenue, Fifth Floor
                                     Miami, Florida 33172

May 30, 2007

Via Certified Mail and Hand Deliverv

Stephen O'Neal, Director
BMI Salvage Corporation
P.O. Box 661438
Miami, Florida 33266

Re:        Lease 0-583 Lease Agreement Between Miami-Dade County, Florida, As Lessor
           And BMI Salvage Corporation As Lessee, Opa-Locka Airport (the "BMI Salvage

Dear Mr. O'Neal:

As you know, AA Acquisitions, LLC was assigned the above-referenced Lease in connection
with the Amended and Restated Development Lease Agreement between Miami-Dade County,
Florida, Lessor, and AA Acquisitions, LLC, Lessee (the "Master Lease"). The Master Lease
requires AA Acquisitions, LLC to develop the leased premises at Opa- Locka Airport in
accordance with a Development Schedule and Phasing Plan which formed a part of the Master
Lease. As a result, AA Acquisitions is forced to close various facilities under the Master Lease
in order to initiate the development process.

As you know, the BMI Salvage Lease expired and terminated on December 31, 2004, however
you were allowed to remain in possession of the premises as a tenant at sufferance/month-to
month tenant at will. Pursuant to Florida Statutes §§83.03, 83.04 and 83.20, you are hereby
notified that your month-to-month tenancy is terminated effective July 2, 2007 (the "termination
date") and that you must surrender and quit all premises that you occupy, including but not
limited the leasehold at Opa-Locka Airport described in the BMI Salvage Lease as Pavement
[95,000 square feet] and Land [95,000 square feet] (the "Premises") on or before July 2, 2007.
Pursuant to Florida Statutes §83.06, if you fail to quit the Premises on or before the termination

Stephen O'Neal, Director
BMI Salvage Corporation
May 30, 2007
Page 2 of2

date specified above, you will become liable for double rent and we will initiate proceedings to
evict you from the Premises.

Your obligations to pay your present rent for the Premises leased will continue through the
termination date and nothing contained herein shall be deemed a waiver, release, settlement or
forgiveness of any unpaid rents due to AA Acquisitions, LLC and/or Miami-Dade County, or of
any claim for damages that AA Acquisitions, LLC and/or Miami-Dade County may now or in
the future possess against you.

If you are interested in discussing a long-term lease arrangement with AA Acquisitions, LLC in
connection with the redevelopment of our Opa- Locka Airport leasehold, please notify us in
writing within ten (10) calendar days of the date of this letter via e-mail toaaa@adiergroup.com.
Such discussions will not be deemed to be a withdrawal of this Termination Notice or to extend
your right to remain in possession of the Premises after the termination date unless otherwise
agreed in writing.

If you have any questions, please feel free to contact me.

                                              AA ACQUISITIONS, LLC, a Florida limited
                                              liability company

                                              By: Adler KOPF Manager, LLC, its

                                              By: Adler KOPF Manager, Inc., its

                                                      Daniel Heisler
                                                      Authorized Signatory


Description: Florida Lease Termination Notice document sample