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10/29/2015 18:33 FAX 7832742838 fa 003/004 <br />9) OPERATING_ COSTS: HealthQuest will pay their pro -rata share of the property <br />tax for the entire parcel. Pro rata share of maintenance costs <br />will be at the ongoing expense of the Tenant. The annual <br />property tax will be amortized over twelve months of each <br />tear of the Term. <br />Tenant will also pay for their own telephone and data <br />service, as well as the installation of the lines fiom the <br />building Demark, to Tenant's Suite. Utilities, including <br />heat and electric are at Tenant's expense. " <br />10) SXGNAGE: Landlord shall allow Tenant to mount Signage on the <br />building as allowed by current City zoning ordinances. <br />Signage costs of design, materials and installation will <br />be at Tenant's expense. <br />11) INSURANCE: As required by the lease, to include liability and property <br />insurance. <br />12) FINANCIALS: Tenant shall furnished financials to Landlord prior to <br />Lease execution. <br />13) USE OF PREMISES: Tenant will use the premises for the purpose of fitness <br />center. Tenant requires the use of up to 30 parking <br />spaces in and around the front of the building. To. <br />facilitate this parking requirement, Tenant may use <br />portions of the empty lot to the east of the property for <br />customer parking, <br />Tenant will not block or use parking stalls in front or <br />on the east side of the office space should a Tenant <br />move -in to the East side office space and require the <br />parking. <br />Both HealthQuest and Landlord intend to negotiate diligently and enter into a <br />formal lease agreement no later than January 1, 2007. We hope that these terms are <br />generally acceptable and that we can move forward in finalizing a lease. We also hope <br />you understand that this is a non - binding letter of intent, and that the only binding <br />agreement between both parties will be the completed and signed Lease. <br />Page 3 of 4 <br />