Tenant: Contact Broker
Address: Contact Broker
Lease Type: Triple Net
Size: 15,302 SF (Rent based on 15,000 SF) Rent Commencement Date: November 1, 2018 Lease Expiration Date: October 31, 2024 Options: None
Rental Rate: $21.00 PSF Plus Triple Net Charges Annual Base Rent: $315,000.00
Monthly Base Rent: $26,250.00
Rent Increase: None
Common Area Maintenance: By Lessee Insurance: Lessee pays proportionate share
Taxes: Lessee pays proportionate share
Utilities: By Tenant
Sales Reporting: N/A Termination Right: None
Lessee Maintenance: Exterior and interior of the Building in which the Premises are situated including: all walls, the roof, subsurface walls, flooring, windows and glass, exterior and interior painting, structural maintenance and repair, electrical wiring and electrical systems, lighting, fixtures and equipment, the HVAC System, plumbing and hot water heater, storefront areas, sidewalks and parking lots. Maintaining or procuring to maintain the removal of any trash or debris on the Premises, and during the winter months, keeping the sidewalk adjacent to the Premises and all parking lots clear of snow and ice.
Lessor Maintenance: N/A
ROFR: Lessor agrees that it shall provide Lessee with at least 120 days advance notice of its intent to sell and shall grant Lessee a right of first refusal for the purchase Premises at the then current fair market value.
Administrative Fee: None Management Fee: None
Guaranty: None. Lessee’s Personal Guaranty expired after 24 months of on time lease payments
Co-Tenancy Clause: N/A
Security Deposit: $52,500 (Equivalent to 2 months Base Rent
Assignment and Subletting: Landlord has total discretion regarding its approval