- 5 - privacy fence, and a 1,400-square-foot carriage house (the carriage house) in back of the main house. On January 2, 1994, Mr. Cutts and ATV entered into a 5-year written lease (the lease) under which ATV leased 95 percent of the building space, land, and surrounding parking areas of Landmark Hall at a rental of $6,500 per month for use as an office building by ATV. Under the lease terms, Mr. Cutts was not required to repair the pool or furnish any utilities, and ATV was required to insure all buildings, improvements, and equipment for not less than 80 percent of the full fair insurable restoration value, with the insurance to be held in Mr. Cutts’s name. When Mr. Cutts purchased Landmark Hall, the carriage house was not usable because it had been damaged by Hurricane Frederick. ATV spent at least $60,000 to renovate Landmark Hall, including painting the main house, installing central heating and air conditioning, and rebuilding the carriage house. In 1995, ATV began to use the carriage house as an accounting office. The renovation restored the main house to its status as a beautiful mid-19th century mansion, which has impressed ATV’s customers. Although the record does not disclose whether Landmark Hall is on the National Register of Historic Places, an easement in favor of a local land commission prohibits changes to the facade of the main house.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011