4.5 SR 05-16-2022 - Laserfiche WebLink

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Beginning with August 1, 2023 and throughout the second year of the term of this Sub - Lease, the monthly Base Rent for the demised property shall be Two Thousand Two Hundred Forty -Five and 68 100 Dollars�1 2,245 68 , t.e ITJ1.54 rentable square foot payable in advance on or before the first day of each and every month of the remainder of the term, at the office of the Landlord. ARTICLE 4. ADDITIONAL RENT A. Tenant shall pay, for each calendar year or partial calendar year during which this Sub -Lease is in force, as Additional Rent, its pro -rats share of the Real Estate Taxes, Personal Property Taxes, and Operating Expenses allocable to the Building and the Property of which it is a part. B. Upon completion of each calendar year during the term of this Sub -Lease, Landlord shall determine the actual amount of the Real Estate Taxes and Operating Expenses payable in such calendar year and Tenant's share thereof and deliver a written certification of these amounts to Tenant. Any overpayment or underpayment will be due from Landlord or Tenant, as the case may be, within twenty (20) days after Landlord provides the certification. C. Tenant recognizes that late payment of Rent will result in administrative expense and financial risk to the Landlord, the extent of which is difficult and economically impractical to ascertain. Tenant therefore agrees that if rent or any other sum is not paid when due and payable pursuant to this Lease, a late charge shall be imposed in an amount equalt to the greater of: (a) One Hundred and no/100 ($100.00) Dollars, or (b) a sum equal to five (5 %) percent per month of the unpaid rent or other payment. ARTICLE 5. DELIVERY OF PREMISES Tenant agrees to accept delivery of the Demised Premises in the same condition as Landlord accepts from Property Owner on May 3, 2022. Landlord agrees to work with Tenant during the "move -in period" set forth in Article 6 of the Lease to facilitate the preparation of the Demised Premises for use by both parties and commencement of business operations. See the Addendum hereto attached as Exhibit C and incorporated herein by reference. ARTICLE 6. USE Tenant shall use the Demised Premises for sports training and therapy and ancillary service purposes only, subject to all local, state, and federal laws regulating the use of the Demised Premises. Tenant shall not do anything to create any unusual nuisance, noise, or odor, or otherwise interfere with or disturb any other tenant of the Property or Landlord in its utilization of the Property as a chiropractic clinic. Tenant shall conduct no unlawful activity on the Demised Premises, or the Building or Property. Tenant acknowledges having received and read the Lease attached as Exhibit A, and agrees to abide by all of its terms and conditions as part of this Sub -Lease. -2-