My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
4.4 SR 05-02-2022
ElkRiver
>
City Government
>
City Council
>
Council Agenda Packets
>
2021 - 2030
>
2022
>
05-02-2022
>
4.4 SR 05-02-2022
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/29/2022 10:57:14 AM
Creation date
4/29/2022 8:46:21 AM
Metadata
Fields
Template:
City Government
type
SR
date
5/2/2022
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
32
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
K. Tenant shall keep all trash, refuse, and the like in covered metal or plastic cans, which <br />cans shall be kept within the Leased Premises at all times, unless an exterior storage area is <br />specifically designated for Tenant's use by Landlord in which event the Tenant shall deposit all <br />trash, refuse and the like in the exterior storage area. <br />L. The Tenant shall not place on the exterior or interior of the Leased Premises or on <br />the Properry (including, but without limitation, windows, doors, and entrance lobbies) any signs <br />other than those which comply with all city sign ordinances, including replacements thereof. <br />M. Tenant shall ensure that the Leased Premises are secure at all times. <br />ARTICLE 4 — RENT <br />A. Rent. Tenant agrees to pay to Landlord as rent (hereinafter called "Rent") for the <br />Leased Premises, without notice, setoff or demand, except as specifically set forth herein, monthly <br />Rent in the amount of Four Thousand Five Hundred Fifty-Seven and No/100 Dollars ($4,557.00) <br />subject to the adjustments, as hereinafter set forth, for each month during the Lease Term, said <br />monthly installments to be due and payable by Tenant in advance on the first day of each calendar <br />month during the Term of this Lease, or any extension or renewal thereof, at the office of Landlord <br />set forth in this Lease or at such other place as Landlord may designate in writing. <br />B. Reduced Rent. Subject to the requirements under Article 6, Rent shall be reduced <br />to One Thousand and No/100 Dollars ($1,000.00) during the Move-In Period. <br />C. Increase in Rent. The Rent set forth above shall be increased on the lst day of the <br />second year of the Term of the Lease and the first day of each subsequent year of this Lease by <br />three percent (3%). <br />D. Rent Credit. Landlord agrees to provide an allowance for Tenant Improvements, <br />as further described in Article 5, in the amount of $50,000 or 20% of Tenant Improvement Costs <br />as further defined in Article 5, or $50,000, whichever is less. If the Rent Credit is $50,000, it will <br />be applied as follows: $1,754.39 each month to Months 4-6 of the Lease Term and $877.19 each <br />month to Months 7-57 of the Lease Term. If the Rent Credit is less than $50,000, the difference <br />between $50,000 and 20% of the Tenant Improvement Costs (the "Adjusted Rent Credit",) then <br />the Adjusted Rent Credit") will adjust the previous calculation by reducing the credit each month <br />over 12 months beginning with the 4th Month of Lease based on the 1/12 of the Adjusted Rent <br />Credit. <br />E. Additional Rent. In addition to the Rent set forth above, Tenant agrees to timely <br />pay its pro rata share of any real estate taxes or personal property taxes in lieu of real estate taxes <br />required by any governmental body having jurisdiction over the Property as a result of this Lease. <br />F. Late Rent. Tenant recognizes that late payment of Rent or any other sum due under <br />this Lease will result in administrative expense to the Landlord, the extent of which additional <br />expense is extremely difficult and economically impractical to ascertain. Tenant therefore agrees <br />that if rent or any other sum is not paid when due and payable pursuant to this Lease, a late charge <br />shall be imposed in an amount equal to the greater of: (a) One Hundred Dollars ($100.00), or (b) <br />a sum equal to five percent (5%) per month of the unpaid rent or other payment. The amount of <br />7 <br />zzi4s2�9 <br />
The URL can be used to link to this page
Your browser does not support the video tag.