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9035-18 - Lease with Lakewood Child Care Center at 1450 Belle
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9035-18 - Lease with Lakewood Child Care Center at 1450 Belle
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11/28/2018 11:08:34 AM
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2. <br />3. <br />Tenant or its nominee, during the Second Extended Term, then, and only in such event, <br />Tenant shall have the right, at its option; and without penalty, to terminate the Lease at <br />any time thereafter during the Second Extended Term by providing not less than one <br />hundred eighty (180) days prior written notice to Landlord of its intention to terminate <br />(the "Early Termination Notice "). If the Early Termination Notice is provided by Tenant, <br />Tenant shall vacate the Premises and surrender the same to Landlord in the condition <br />required by the provisions of the Lease by the one hundred eightieth (180 ") day following <br />the date of the Early Termination Notice (the "Early Termination Date "). Moreover, <br />Tenant shall pay all Rentals due under the Lease through and including the Early <br />Termination Date. <br />Commencing on the Effective Date and continuing throughout the Second Extended <br />Term, Tenant's Base Rent shall be as follows: <br />The first sentence of Section 7.1 of the Lease is hereby deleted in its entirety and the <br />following is substituted in lieu thereof: <br />7.1 Payment by Tenant: Commencing September 1, 2018 and continuing throughout <br />the Second Extended Term, the cost of electricity for lighting and powering the outlets in <br />the Premises shall be payable by Tenant to Landlord in the following monthly <br />installments, together with Tenant's monthly payment of Base Rent: <br />Annual <br />Monthly <br />Period <br />Base Rent <br />Base Rent <br />09/01/18 - 08/31/19 <br />$91,056.00 <br />$7,588.00 <br />09/01/19 - 08/31/20 <br />$92,356.80 <br />$7,696.40 <br />09/01/20 - 08/31/21 <br />$93,787.68 <br />$7,815.64 <br />09/01/21 - 08/31/22 <br />$95,934.00 <br />$7,994.50 <br />09/01/22 - 08/31/23 <br />$98,535.60 <br />$8,211.30 <br />The first sentence of Section 7.1 of the Lease is hereby deleted in its entirety and the <br />following is substituted in lieu thereof: <br />7.1 Payment by Tenant: Commencing September 1, 2018 and continuing throughout <br />the Second Extended Term, the cost of electricity for lighting and powering the outlets in <br />the Premises shall be payable by Tenant to Landlord in the following monthly <br />installments, together with Tenant's monthly payment of Base Rent: <br />2 <br />Monthly <br />Period <br />Installment <br />09/01/18 - 08/31/19 <br />$487.80 <br />09/01/19 - 08131/20 <br />$650.40 <br />09/01/20 - 08/31/23 <br />$813,00 <br />2 <br />
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