|
11
<br />Period Annual Base Rent Monthly Installment
<br />01/01/20 - 12/31/20
<br />01/01/21 - 12/31/21
<br />01/01/22 - 12/31/22
<br />01/01123 - 12/31/23
<br />$70,011.02
<br />$71,411.24
<br />$72,839.46
<br />$74,296.25
<br />$5,834.25
<br />$5,950.94
<br />$6,069.96
<br />$6,191.35
<br />Each monthly payment shall be due in advance on the first day of each month of the
<br />Term, beginning on the date the Term commences, and continuing on the first day of
<br />each calendar month thereafter, Base Rent for any partial month shall be prorated at
<br />the rate of 1 /30th of the monthly rent for each day.
<br />3.2 Service Charge for Late Payment: If any installment of Base Rent, additional rent or
<br />any other charge provided for herein, or any part thereof, is not paid within ten (10)
<br />days after its due date, it shall be subject to a service charge of one and one -half
<br />percent (1 -1/2 %) of the unpaid amount due for each month or fraction thereof, or
<br />such lesser amounts as may be the maximum amount permitted by law, until paid.
<br />3.3 Rent: The term "Rent" as used in this Lease shall include all Base Rent payable
<br />pursuant to paragraph 3.1 above and any additional rent payable pursuant to the
<br />terms of this Lease. Until further notice, all Rent shall be paid to Landlord at: North
<br />Pointe Realty, Inc., 5915 Landerbrook Drive, Suite 350, Mayfield Heights, Ohio
<br />44124.
<br />USE OF PREMISES
<br />4.1 In General: Tenant shall use and occupy the Premises for Medical Office and
<br />ancillary purposes only and for no other purpose. Tenant shall maintain the Premises
<br />in a safe and careful manner, conforming to good housekeeping practices, without
<br />permitting any nuisance or committing any waste or exceeding floor load capacities.
<br />Tenant shall conform to and obey all laws, ordinances, rules, regulations,
<br />requirements and orders of all governmental bodies or authorities respecting its use
<br />of the Premises. Further, Tenant agrees not to use the Premises in any manner
<br />deemed specially hazardous because of fire risk or otherwise. Other than hazardous
<br />substances used in de minimus amounts in the ordinary course of Tenant's business,
<br />no volatile or toxic substances or nuclear or radioactive materials shall be brought or
<br />kept on the Premises or common areas, or stored therein, without the written consent
<br />of Landlord first being obtained. If any of Tenant's operations produce gases, vapors,
<br />odors, smoke, residuary material or noise disturbing Landlord or other occupants of
<br />the Building, Tenant shall, on Landlord's written demand, cease such operation or
<br />install, at Tenant's sole cost, ventilating or other apparatus to eliminate such
<br />disturbances. Any unbalancing or overloading of electric equipment or wiring in the
<br />Building caused by Tenant shall be alleviated by Tenant, at Tenant's sole cost,
<br />immediately,
<br />4.2 'Rules and Regulations: Tenant and its agents, employees and invitees shall faithfully
<br />observe and strictly comply with the Rules and Regulations set forth in Exhibit B
<br />attached hereto and made a part hereof, as the same may be amended by Landlord
<br />from time to time or hereafter promulgated by any applicable governmental authority,
<br />for the care and use of the Premises, the Building, and the common areas of the
<br />Property. Nothing in this Lease shall impose upon Landlord any duty or obligation to
<br />Contract ID 4164829
<br />
|