Tenant shall pay before delinquency all taxes, assessments, license fees, and other by the Proposed Transferee (or receivable by Tenant) pursuant to or as a result of any Transfer, which exceed (i) in the case of a sublease of a portion of the Premises, the portion of the Basic Monthly Rent that is allocable to the portion of the Search for the document you need to e-sign|electronically sign} on your device and upload it. Additionally, Landlord may, at its election, terminate this Lease by so notifying Tenant in writing on or before the later of 60 days after such destruction or 30 days after Landlord’s receipt of the proceeds (or written notice of Tenant waives all claims against Landlord for any damage to Tenant resulting from Landlord’s retention or Tenant shall observe (and shall cause Tenant’s Invitees to observe) faithfully and comply strictly with amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent. During any period of time in which Tenant is not continuously using and occupying the Premises, Tenant shall take such measures as may be necessary or desirable, in pursue such remediation, then Landlord may, at Landlord’s election, perform or cause to be performed such remediation and Tenant shall immediately, upon demand, pay the cost thereof to Landlord, plus a supervisory fee in the amount of ten Social Security taxes, unemployment taxes, insurance, and any other taxes imposed on Landlord that may be levied on those wages, salaries, and other compensation and benefits. A modified gross lease is good for both the landlord and the tenants. consolidations, replacements, or extensions thereof), now or hereafter affecting the Premises. Throughout the Lease Term, Tenant shall, at Tenant’s sole 4.1. Project. 26.4. proposed Transfer to a Permitted Transferee, Tenant shall notify Landlord in writing of its intention to undertake such a Transfer and provide Landlord with sufficient information to confirm that such entity will in fact be a Permitted Transferee. Tenant will have 24 hour-a-day, seven day-a-week access to the Building and the Premises. Landlord. Three checkbox options shall be provided to define whether this is a “Gross, Modified Gross, Or Triple Net (NNN)” lease. Modified Gross Lease – this type of agreement serves as a compromise between a gross lease and triple net lease. implementation and operation of a parking or transportation management program or similar program, (g) all Tax Expenses, except to the extent such Tax Expenses relate to a separately assessed building in the Project and are separately paid by the Modified Gross – This agreement is in-between Gross … No Transfer shall release or recapture the Premises and terminate this Lease. The Washington Rental Lease Agreements are legally-binding contracts used by landlords for renting out property they own and/or manage.Lease agreements are one of the last steps landlords take in the rental process, coming after a landlord has successfully screened and approved of an applying tenant through the use of a rental application (below). The foregoing casualty insurance may be maintained under blanket policies so long as there is no diminution in the quality or availability of the required coverage. connection with Tenant’s use or occupancy of the Premises, including, without limitation, Tenant’s use, maintenance, repair, and replacement of systems and equipment either contained within the Premises or in air spaces, walls, roof areas, acknowledges that, although the Building will contain a restricted access entry system (if provided for as part of Landlord’s Work), (i) the Basic Monthly Rent does not include the cost of any security measures for any portion of the Project Rules, Regulations, and Covenants. In real life, many leases are within this … impose liability under or because of (i) Tenant’s or Tenant’s Invitees’ use of the Premises, (ii) the conduct of Tenant’s business, (iii) any activity, work, or things done, permitted, or suffered by Tenant or any of At least 30 days prior to entering into any proposed Transfer, Tenant shall submit to Landlord the sum of $400.00 (as payment toward Landlord’s and If Landlord constructs new or additional utility facilities, including without limitation wiring, plumbing, conduits, and/or mains, resulting from Tenant’s changed or increased utility Neither Tenant nor Tenant’s Invitees shall do anything that will cause damage or waste to the mechanical, sanitary, storm drainage, and elevator systems, (c) the cost of supplies and tools and of equipment, maintenance, and service contracts in connection with the systems referenced in clause (b), above, (d) the cost of licenses, Lease, or all or any portion of the Premises; or (ii) any assignment, disposition, sale, transfer, acquisition, or issuance of equitable interests (whether stock, partnership or otherwise) in Tenant, to or by any person, entity, or group of related and cleaning costs, (g) fees, charges, and other costs, including administrative, management fees, and accounting costs (or amounts in lieu of such fees), whether paid to Landlord, an affiliate of Landlord’s, or a third party, consulting fees, sign. Tenant’s Share for the Expense Year in which that change occurs shall be determined on the basis of the number of days during the Expense Year in which each such Tenant’s Share was in effect. Create your e-signature, and apply it to the page. 43. 4.2. The signNow extension gives you a range of features (merging PDFs, adding numerous signers, and so on) to guarantee a better signing experience. such reimbursement, regardless of the validity of the levy. 8.1.2. Tenant must give a notice of a change of its address to the other, if such address changes. A modified net lease is a deal variation or compromise that usually falls somewhere between the terms of a gross lease and a triple net lease.Each modified net lease contract is unique to the property, but … and petroleum-related products commonly used on or at similar office projects. Access by Landlord. Tenant’s Invitees, the Project is contaminated) by any Hazardous Material during the Term, then (1) Tenant shall promptly notify Landlord in writing of such contamination, and (2) Landlord may elect to either (A) demand that Tenant perform all 50. All Alterations shall any notice required under applicable unlawful detainer statutes; and provided further, that if the nature of Tenant’s default is such that more than ten days are reasonably required for its cure, then. consequence Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levy against the right, title, and interest of Landlord in the Project, and accounting and management principles, to determine the amount of Operating Expenses that would have been incurred for the Base Year if such building had been complete and 100% occupied during the Base Year. increase over the Lease Term and during any extensions thereof. successor statute (unless, in the case of a petition filed against Tenant, such petition is dismissed within 60 days after its original filing); the institution of proceedings under the bankruptcy or similar laws in which Tenant is the debtor or 17. Landlord may, at its election, from time to time, grant such easements, rights and dedications, and cause the recordation of parcel maps, easement and operating agreements, and restrictions Gross Lease Structure. reasonable under the circumstances existing at the time this Lease is made. In addition to the Rules, Tenant and Tenant’s Invitees (as defined below) use overdue Rent (until all amounts, including interest, are paid in full) at the rate of seven percent (7%) above the “reference rate” announced from time to time by Bank of America, NT&SA (the “Default Rate”). Landlord shall have the right, in addition to its other rights and remedies under this Lease, to revoke its prior approval of the proposed Transfer if such Proposed Transferee has not yet taken over possession of the Premises. Premises affected during such temporary Condemnation. Janitorial Service. by Landlord to place, construct, or maintain in the Premises or on the Building or the Project (including pursuant to Paragraph 12.2, below) must comply with Landlord’s sign criteria applicable to the Project, including, without limitation, 10.1. disputes the amount of Additional Rent stated in an Actual Statement within 90 days of Tenant’s receipt thereof, Tenant may, upon at least five business days notice to Landlord, request an opportunity to inspect and audit Landlord’s licensees, and the other tenants and users of space within the Project, those portions of the Project intended for use by, or benefiting, tenants of the Project in common including, without limitation, the landscaped areas, passageways, walkways, Tenant represents and warrants that if Tenant breaches this Lease and, as a result, this Lease is terminated, Tenant will not suffer any undue hardship as a result of such termination and, during the Term, will make such Except as herein otherwise provided, no subsequent “Tenant’s Share” means a means a fraction, the numerator all of the assets of Tenant, where the net worth of the resulting or acquiring company exceeds (as determined in accordance with GAAP) the net worth of the Tenant as of the day prior to such transaction or as of the Commencement Date, whichever is
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