8863-16 lease agreement with Cleveland Clinic for 1450 Belle Ave Suite 300

Home Browse Search

Each monthly payment shall be due in advance on the first day of each month of the Term, beginning on the date the Term commences, and continuing on the first day of each calendar month thereafter. Base Rent for any partial month shall be prorated at the rate of 1 /30th of the monthly rent for each day. 3.2 Service Charge for Late Payment: If any installment of Base Rent, additional rent or any other charge provided for herein, or any part thereof, is not paid within ten (10) days after its due date, it shall be subject to a service charge of one and one -half percent (1 -1/2 %) of the unpaid amount due for each month or fraction thereof, or such lesser amounts as may be the maximum amount permitted by law, until paid. 3.3 Rentals: The term "Rentals" as used in this Lease shall include all Base Rent payable pursuant to paragraph 3.1 above and any additional rent payable pursuant to the terms of this Lease, All Rentals shall be paid to Landlord at the address to which notices to Landlord are given, as specified In Section 23 below. 4. USE OF PREMISES 4.1 In General: Tenant shall use and occupy the Premises for Medical Office purposes only and for no other purpose. Tenant shall maintain the Premises in a safe and careful manner, conforming to good housekeeping practices, without permitting any nuisance or committing any waste or exceeding floor load capacities. Tenant shall conform to and obey all laws, ordinances, rules, regulations, requirements and orders of all governmental bodies or authorities respecting its use of the Premises, Further, Tenant agrees not to use the Premises in any manner deemed specially hazardous because of fire risk or otherwise. No volatile or toxic substances or nuclear or radio- active materials shall be brought or kept on the Premises or common areas, or stored therein, without the written consent of Landlord first obtained. If any of Tenant's operations produce gases, vapors, odors, smoke, residuary material or noise disturbing Landlord or other occupants of the Building, Tenant shall, on Landlord's written demand, cease such operation or Install, at Tenant's sole cost, ventilating or other apparatus to eliminate such disturbances. Any unbalancing or overloading of electric equipment or wiring in the Building caused by Tenant shall be alleviated by Tenant, at Tenant's sole cost, immediately, 4.2 Rules and Regulations: Tenant and Its agents, employees and invitees shall faithfully observe and strictly comply with the Rules and Regulations set forth in Exhibit B attached hereto and made a part hereof, as the same may be amended by Landlord from time to time or hereafter promulgated by any applicable governmental authority, for the care and use of the Premises, the Building, and the common areas of the Property. Nothing in this Lease shall Impose upon Landlord any duty or obligation to enforce the Rules and Regulations in any other Lease as against any other Tenant, and Landlord shall not be liable to Tenant for violation of the same by any other tenant or the agents, employees, licensees or invitees of such other tenant. 5. MAINTENANCE 9ND REPAIRS 6.1 Landlord's Obligations: Landlord shall maintain in good condition the following: