8869-16 Lease Agreement with Lakewood Child Care Center

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LEASE AGREEMENT This Lease Agreement (the "Lease ") is made as of the day of between LAKEWOOD HOSPITAL ASSOCIATION, an Ohio non - profit corporation ( "Landlord ") and LAKEWOOD CHILD CARE CENTER, an Ohio non - profit corporation ( "Tenant "), PREMISES In consideration of the rents, terms, provisions and covenants of this Lease, Landlord hereby leases unto Tenant and Tenant hereby rents and accepts from Landlord those certain premises containing approximately 6,504 rentable square feet, located in Suite 100 on the first floor and an outdoor adjacent playground area consisting of approximately 1,841 square feet of space, which premises are outlined on Exhibit A attached hereto and made a part hereof (the "Premises "), and which Premises are contained in and outside of that certain building known as the Lakewood Community Health Center located at 1450 Belle Avenue, Lakewood, Ohlo (the "Building "). The Building, together with the land on which it is situated, and all other Improvements located thereon are collectively referred to herein as the "Property ". Except as otherwise provided herein, Tenant shall have full and unimpaired access to the Premises and on a non - exclusive basis to the common areas of the Building and the Property. In addition to the real property being leased hereby, Landlord hereby leases to Tenant the following items of personal property, all of which Tenant shall maintain in good and operable condition and return to Landlord at the expiration of this Lease in the same condition as at the Inception hereof, less reasonable wear and tear: All furniture and equipment now located on the Premises, a detailed list of which shall be attached hereto as Exhibit B and made a part hereof. 2. TERM 2.1 Term: The term of this Lease (the "Term ") shall be for a period commencing on the date on which Tenant occupies the Premises and is open for business (the "Commencement Date ") and shall expire on the last day of the sixtieth (60th) full calendar month thereafter. Within thirty (30) days following the Commencement Date, the parties hereto agree to execute and deliver to each other an instrument which shall set forth the Commencement Date and the End Date of this Lease. The expiration of the Term or sooner termination of this Lease pursuant to its provisions is referred to herein as the "Lease Termination ". 2.2 Holdina Over: If Tenant holds over beyond the expiration of the Term , Tenant shall be deemed a tenant from month -to -month subject to all the terms of this Lease except that the monthly Base Rent for such holdover shall be 150% of the monthly Base Rent which was payable by Tenant to Landlord for the last month of the Term prior to such expiration; provided, however, upon written agreement of the parties, Tenant may continue to occupy the Premises as a month to month tenant at the same Base Rent payable by Tenant at the expiration of the Term Nothing herein shall relieve Tenant from vacating the Premises at the end of the Term or any extension thereof, or earlier termination thereof, and Tenant shall be liable to Landlord for any damages which Landlord may suffer as the result of Tenant's failure to vacate the Premises on the date required herein.