Res 2007-159 - Laserfiche WebLink

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Year Five: $11.80 psfNNN annually, payable in monthly installments of $2,655.33 (k) PERCENTAGE RENTAL RATE: None (1) THE TENANT AGREES TO PAY THE FOLLOWING COMMON AREA MAINTENANCE, REAL ESTATE TAXES & and INSURANCE: Year 1: a maximum of $ 1.80 per square foot per year payable in monthly installments in advance in the amount of $405.00 each, subject to adjustment as hereinafter provided, except that the maximum annual amount per square foot shall be limited to the following schedule: Year two: $2.28 per square foot; Year three: 2.52 per square foot; Year four: $2.76 per square foot; and Year Five: $3.00. Landlord shall, on an annual basis, make an accounting to Tennant of the Common Area Maintenance expenses and refund to Tenant any excess funds that have been paid by Tenant. (m) REAL ESTATE TAXES: Included in Section 1.1 (1) above (n) INSURANCE: Included in Section 1.1 (1) above. (0) PREPAID RENTAL: $2,835.00 for the period of October 1-31,2007 (p) SECURITY DEPOSIT: $3,060.00 (q) PERMITTED USE: General Office & Clinic Use Section 1.2. Initial Monthly Payment. The sum of: Rental Payments to begin as per Article 1, Section 1.1 (h); and Minimum Guaranteed Rental as set forth in Arti cle 1, Section 1, 1 (j); and.............."......,........,........................,...........,..........................,..".................. $2 ,43 O. 00 Initial Common Area Maintenance, Real Estate Tax and Insurance Charge set forth in Article I, Section 1.1(1); and $ 405.00 INITIAL MONTHLY PAYMENT TOTAL .....................................................,.., ............,....." .....$2,835.00 Section 1.3. Effect of Reference to Fundamental Lease Provisions. Each ofthe foregoing definitions and fundamental lease provisions shall be construed in conjunction with and limited by the references thereto in the other provisions of this Lease. ARTICLE II. Section 2. 1. Demised Premises. In consideration ofthe obligation of Tenant to pay rent as herein provided and in consideration ofthe other terms, covenants and conditions hereof, Landlord hereby demises and leases to Tenant, and Tenant hereby takes from Landlord, the Demised Premises as described in Section 1.1(t). To HAVE AND TO HOLD said premises for the lease term specified in Section 1.I(i), all upon the terms and conditions set forth in thIS Lease. Landlord further agrees that if Tenant shall perform all of the covenants and agreements herein required to be performed by Tenant, Tenant shall, subject to the terms of this Lease, at all times during the continuance of this Lease have peaceful and quiet possession of the Demised Premises. There is specifically excluded from the INITIALS~ 7