3.9. SR 01-09-2006 - Laserfiche WebLink

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Office Space Lease THIS LEASE, made and executed this _ day of , 2005, by and between the Elk River City Recreation, 1000 School Street, Elk River, MN 55330, hereinafter called the Lessor, and Elk River Youth Hockey Association, PO Box 193, Elk River, MN 55330, hereinafter called the Lessee: WITNESSETH: That in consideration of the payment of rent and the keeping and performance of the terms and conditions herein by Lessee, Lessor does hereby to Lessee, the premises described as: An office in the southeast comer of the upper level of the Elk River Arena, and a large storage closet located in the southeast comer of the upper level of the Elk River Arena. The Lessor and Lessee agree to shared use of the large closet space. This lease is for a term of five years, beginning on October 1, 2005, and continues until midnight of October 1, 2010, unless earlier terminated by law or as provided herein. 1) Lessee has first right to renew this lease upon expiration of the five year term, provided Lessee has abided by the agreements, terms and conditions set forth in this Lease. Conditions of the renewal period will be negotiated between the Lessor and Lessee at the time the option is exercised by the Lessee. Lessee shall give Lessor written notice of its intent to renew at least ninety (90) days and not more than one hundred eighty (180) days prior to the expiration of initial lease term or Lease will terminate at the end of initial term. 2) Lessee shall pay rent for said premises to Elk River City Recreation. A yearly rent of $ 2600 subject to any adjustments as hereinafter provided for. Yearly rent shall be paid in full by the first day of January each year for the entire term of the lease. 3) Lessee shall use and occupy the premises for office and storage purposes only and shall not use them in such a manner as to give either governmental authorities, other tenants or Lessor just cause to complain. 4) Lessee shall surrender the premises at the termination of this Lease or any extension thereof in as good condition as they were at commencement of this Lease, reasonable wear and tear or unavoidable casualty expected. Lessee shall not make any alterations or improvements to the premises or without prior written consent of Lessor, and all improvements, shall remain with the premises at the termination of this Lease and become the property of the Lessor. Liability for cost of replacing or repairing any part of the building or the premises contained therein damaged by Lessee or Lessee's agents or employees shall rest solely with Lessee