|
Year One
<br />Year Two
<br />Year Three
<br />Year Four
<br />Year Five
<br />Year Six
<br />Period
<br />February 1, 2012 — April 30, 2012
<br />May 1, 2012 —July 31, 2012
<br />August 1, 2012 — January 31,.2013
<br />February 1, 2013 — March 31, 2014
<br />February 1, 2014 — March 31, 2015
<br />February 1, 2015 — March 31, 2016
<br />February 1, 2016 — March 31, 2017
<br />February 1, 2017 — March 31, 2018
<br />Rent per month
<br />$ 0/mo
<br />$ 494/mo
<br />$1,483/mo
<br />$1,977.00
<br />$2,224.00
<br />$2,471.00
<br />$2,619.00
<br />$2,693.00
<br />If the Commencement Date is later than February 1, 2012, the schedule shall adjust
<br />accordingly.
<br />3. ADDITIONAL RENT:
<br />a. Real Estate Taxes. Tenant shall not be responsible for the payment of any real
<br />estate taxes. Real estate taxes shall be the sole responsibility of Landlord EXCEPT that the
<br />Tenant shall be responsible to pay the City's quarterly Stormwater Management fee.
<br />b. Leased Premises Operating Expenses. Tenant shall pay its Proportionate Share
<br />of the annual aggregate Operating Expense incurred by Landlord in the operation, maintenance
<br />and repair of the Building and Leased Premises. The term "Operating Expenses" shall include
<br />but not be limited to maintenance, repair, operation of utilities and lighting, parking and
<br />landscaped areas, signs, snow removal, non-structural repair and maintenance of the exterior of
<br />the Building, insurance premiums, wages and fringe benefits of personnel employed for such
<br />work, costs of equipment purchased and used for such purposes.
<br />The payment of the sums set forth in this paragraph 3. shall be in addition to the Base Rent
<br />payable pursuant to paragraph 2. of this Lease. All sums due hereunder shall be due and payable
<br />within thirty (30) days of delivery of written certification by Landlord setting forth the
<br />computation of the amount due from tenant. In the event the lease term shall begin or expire at
<br />any time during the calendar year, Tenant shall be responsible for its pro-rata share of Additional
<br />Rent under subdivisions a. and b. during the Lease and/or occupancy time.
<br />Prior to commencement of this Lease, and prior to the commencement of each calendar year
<br />thereafter commencing during the term of this Lease or any renewal or extension thereof,
<br />Landlord may estimate for each calendar year (i) the Operating Expenses for such calendar year;
<br />and (ii) the computation of the annual and monthly rental payable during such calendar year as a
<br />result of increases or decreases of Operating Expenses. Said estimate will be in writing and will
<br />be delivered or mailed to Tenant.
<br />The amount of Operating Expenses for each calendar year, so estimated, shall be payable as
<br />Additional Rent by Tenant, without offset, deduction or demand, in equal monthly installments,
<br />in advance, on the first day of each month during such calendar year at the option of Landlord.
<br />In the event that such estimate is delivered to Tenant before the first day of January of such
<br />calendar year, said amount, so estimated, shall be payable as additional rent in equal monthly
<br />2
<br />
|