2001-049 Ordinance - Laserfiche WebLink

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COMMERCIAL LEASE This I,ease made and entered into at North Olmsted, Ohio, this. day of 1ti4aielaT 2001, by and between THE CITY OF NORTH OLMSTED, 5200 Dover Center Road, North Olmsted, Ohio (hereinafter referred to as "Lessor") and JAMES LUMBER COMPANY, of 27375 Lorain Road, North Olmsted, Ohio (hereinafter referred to as "Lessee"). LEASE Witnesseth: Lessor hereby leases to Lessee, and the latter lets from the former, the business premises located at 27375 Lorain Road, North Olmsted, Ohio 44070 (hereinafter referred to as "the Property"), legally described in attached Exhibit A, and known as Permanent Parcel Numbers 232-11-021 and 232-11-022: Item One. Term of Lease. The term of this Lease shall be six months, commencing on the lst day of August, 2001, and concluding on the 31st day of December, 2001. This lease shall not be renewed except in a writing signed by the Lessor. Lessee agrees that it shall promptly surrender possession of the premises to Lessor unmediately upon the end of the terxn of this Lease. With the written consent of Lessor, Lessee may continue to conduct its business upon the property after the term of the Lease ends, 'but only as a month-to-month tenant, subject to all other terms and conditions of this Lease. In the event that Lessee so continues as a month to month tenant, Lessee agrees that it shall surrender possession of the premises to Lessor promptly upon receiving thirty (30) days advance written notice of termination of the month-to-month tenancy from Lessor. The parties further agree that Lessee may surrender possession of the Property to Lessor, without penalty, at any time during term of this Lease, provided that it give Lessor at least thirty (30) days advance written notice of the fact. Finally, Lessee expressly agrees that if it refuses to surrender possession of the Property to Lessor when required to do so by this lease, or otherwise by law, it shall be liable to Lessor thereafter for all attorney fees and other litigation expenses and costs, which Lessor incurs in any and all actions taken to evict Lessee from the Property. Item Two. Rent. In light of Lessee's promise to reside upon and care for the said real property prior to demolition of the buildings on the Property, and further to maintain the Property and pay certain tax and insurance obligations not including real estate taxes regarding the Property as hereinafter set forth, Lessee shall pay to Lessor no (0) rent for the term of this Lease. However, if Lessee is no longer entitled to occupy the Property, either because the term has ended or because the month-to-month tenancy has ended, and Lessee remains upon the property, Lessor shall be entitled to recover from Lessee the reasonable rental value of the Property for any such periods. The parties expressly agree that the reasonable monthly rental value for the Property is TWELVE THOUSAND FIVE HUNDRED DOLLARS ($12,500.00). Item Three. Use, Maintenance and Repair of Premises. Lessee agrees to use the leased premises only for the retail lumber business which it presently operates on the prexnises, and to not assign this Lease or sublet the premises, or use the premises for any other use. Further, Lessee agrees that it shall not alter or make additions to the leased premises without the Lessor's