Agenda - Council - 07/25/2017 - Laserfiche WebLink

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LEASE TERMS 1. PREMISES. Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, for the Term described in Item 2 of the Data Sheet and upon the conditions hereinafter provided, the Premises described in Item 1 of the Data Sheet. 2. RENTABLE AREA. The Rentable Area is estimated to be a 35,000 square foot paved parking area; which is a portion of the larger 71,874 square foot Premises. 3. LEASEHOLD IMPROVEMENTS. Tenant is taking the premises "AS IS" and Landlord shall not be obligated to do any work on the Premises. The Tenant shall maintain the Premises as an outdoor storage facility and recreational equipment sales lot and shall not make any changes or make any alteration, decoration, addition or improvement to the Premises without the prior written consent of Landlord. 4. TERM. The term of this Lease shall be as described in Item 2 of the Data Sheet above (the "Initial Term") and shall commence upon the "Commencement Date" as described in Item 3 of the Data Sheet above. 5. TERMINATION. See Item 5 of the Data Sheet for Landlord's Right to Terminate. 6. RENT. See Item 6 of the Data Sheet for the Rental Rate. 7. PROPERTY TAXES. Payment of property taxes shall be responsibility of the Landlord. 8. PERMITTED USE. Parking for employees and customers of the Sunfish Commons retail businesses. May not be used for outside storage, outside display, semi -truck storage, and any signs/ banners/ messages including political. The permitted uses by Tenant shall at all times be in full compliance with all applicable laws, ordinances and governmental regulations affecting Premises. The Premises shall not be used in such manner that, in accordance with any requirement of law or of any public authority, Landlord shall be obligated on account of the purpose or manner of said use to make any addition or alteration to or in the Premises. The Premises shall not be used in any manner which will increase the rates required to be paid for public liability or for fire and extended coverage insurance covering the Premises. Tenant shall occupy the Premises, conduct its business and control its agents, employees, invitees and visitors in such a way as is lawful, and reputable and will not permit or create any nuisance, noise, odor, or otherwise interfere with, annoy or disturb adjacent property owners in their normal business operations. 9. ASSIGNMENT AND SUBLETTING. Tenant agrees to use and occupy the Premises throughout the entire term hereof for the purpose or purposes herein specified and for no other purposes, in the manner and to substantially the extent now intended, and not to assign, sublet, license, concession or otherwise transfer this Lease or Tenant's rights in the Premises, or any part thereof, whether by voluntary act, operation of law, or otherwise, without obtaining the prior Page 2 of 9