Res 2010-062 - Laserfiche WebLink

Home Browse Search

changes, or other modifications which are approved by Lessor. Alterations, improvements and modifications done at Lessee's request shall comply with all applicable laws. Changes in Lessee's alterations or improvements which may be later required by governmental action shall also be paid for by Lessee. 14.1. Removal of Property by Lessee. Lessee may remove its trade fixtures, office supplies and movable office furniture and equipment only if (a) such property is not nailed, stapled, bolted, screwed, glued, or otherwise attached to the building; (b) such removal is made prior to the end of the lease term, renewal terms or negotiated extension period and (c) Lessee is not in default under this Lease at the time of such removal. Lessee may remove picture frames, hanging mechanisms, and ceiling fans which were installed at Lessee's expense. Lessee shall have no rights to property remaining on the Leased Premises after the end of the lease term, renewal terms or extension period or after move -out. Any alterations or Improvements to the Leased Premises (including wall -to -wall carpeting, book shelves, window coverings, drapes, cabinets, paneling, wall covering and anything else attached to the floor, wall or ceiling of Lessee's office space) shall become the property of Lessor and shall remain upon surrender of Lessee's office space. Lessee shall have no right to any payment therefor. If Lessor requests in writing Lessee shall, immediately prior to moving out, remove alterations, additions, fixtures, equipment and property installed or attached by Lessee in Lessee's office space. Lessee shall pay for the cost of repair of any damage caused by Lessee's removal of any property covered by this paragraph. 15.1. Subletting and Assignment by Lessee. Lessee shall not sublet Lessee's office space or any part thereof, without the prior written approval of Lessor. Lessee shall not assign this Lease or allow it to be assigned in whole or in part, by operation of law or otherwise, without prior written approval of Lessor. Lessee shall not mortgage or pledge this Lease in any manner. Lessor shall not be obligated to approve any sublease or assignment. However, if Lessor gives such approval, Lessor shall be entitled to (a) 50% of any excess between Lessee's rental per square foot under the Lease and the sublessee's rental per square foot under the sublease, and (b) 50% of any other consideration flowing directly or indirectly from the sublessee or its agents to Lessee or Lessee's agents. The foregoing participation is in consideration of additional management performed or to be performed by Lessor under such sublease. In addition to the foregoing participation, Lessor may charge Lessee a one -time fee equal to one month's sublease rental for such additional administrative, investigation, and management services. In no event shall Lessee sublease at rents lower than the rental rates being charged for new leases by Lessor for comparable space at the time of subleasing. Approval by Lessor of any sublease or assignment shall not release Lessee from any obligation under this Lease and shall not constitute permission for subsequent subletting or assignment. Sublessees or assignees shall be liable for all of Lessee's obligations under this Lease unless otherwise specified in writing. Default by a sublessee or assignee of Lessee shall be deemed a default by Lessee. Lessee hereby gives Lessor permission to deliver a copy of this Lease to any sublessee or assignee of Lessee. Unless otherwise agreed in writing, no sublease or assignment shall be valid unless (a) a copy of this Lease is attached thereto, (b) the sublessee or assignee agrees in writing to be liable for all of Lessee's obligations hereunder, and (c) written approval of the Lessor under this Lease is attached to the sublease or assignment. 16.1. Destruction by Fire or Other Casualty. If the Leased Premises are partially or totally destroyed or doM . aged by fire or other casualty normally covered by a fire and extended coverage insuranc y in Texas, Lessor shall repair and restore the Leased Premises as soon Is reasonably Lessor: 8 Lessee: W.I.C. Lease