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82-013 Ordinance
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82-013 Ordinance
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1/22/2019 11:58:11 AM
Creation date
12/26/2013 9:15:56 AM
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North Olmsted Legislation
Legislation Number
82-013
Legislation Date
2/9/1982
Year
1982
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M A <br />a0ft' l 'lft? <br />v I.,.4: <br />in lawful money of the United States. Tenant agrees to pay withoul demand thesaid rent in the manner aforesaid <br />and tiuch olher sums us :u•c hervin:ifler pruvided Iu lio p:ii(l asa(l(lilinnul rent and any an<I all other wumti an(i <br />ch;u•Ki?ti luereinaflcr :?????•ifi???l I)> ?wp,u•;ilv Juiynivnl :uul ti•itlwul srluff ur ileductiwn whitlsoi-vi.i'. <br />Rentxl payments should ho rnxde reasunably in advance in order fo?• Landlord to receive pxymenton the Ist day of <br />each inunth. Shnubl :uiy 111-ith Iv rental E)ayment be EwsLmarked On ur subseyuent to lhe lst business day of each <br />month, then Tenant shxl I priy cu I.andlord as additional rent :i late charge equal to two percent (296) per month of <br />that late monthly rentxl and xdditional rental payrnent. <br />TAXES AND 2. All mattcrs pc,rlxininy; tu the atisessmentxncl taxatiun ul"1'(?nxnt's personal propertyshxll beTenant's,ole <br />ASSESSMENTS <br />responsibility. All matti+rs pertaining to assessment of a(l valorem txxes on land, buildinKs and Landlord's <br />personal property included in the demised premises shall be tht, ,ulc responsibility of the Landlord. Landlord <br />shall pa.v all real and personal property taxes and assessments and shall be reimbursed by Tenant for all such <br />liability as hereinafter set forth. <br />Tenanl shxll priy to Landlurd monthly, as additiun:il rcnt, t he siun uf $_ ..Z..'.19 Q . Q..Q.._ _.............. for the <br />estimatcd real and pcrsonal property taxes and assessments (special or otherwise), on a prorated monthly basis, <br />related to the premises herein demised as of the date hereof. I n the eventany such tax and/or assessments shall be <br />increased or decreasecl, I.andlord shall adjust aeeordingly lhe additional rental herein provided. Landlord ,hall <br />provide Tenant with nutice of any such adjustment of additional rental, and in eventof increase, Tenant shall pav <br />to Landlord within thirty (30) days of such notice the aggregate increase from theeffective date of such increase tu <br />the dato of,uch nolice, and shxll pr.iy lhead,justed amuunlun;i mnnlhlY hayistherexfli-r until lhe nextadjualmi-nt. <br />Without limitinq lhe generality hereof, it is the intention of the parties that theadditional rentals herein provicied <br />for shall at all times c(iual Landlord's tax and assessment obligations for the demised premises. <br />In the event Landlord shal I have received excess additional rentals from Tenant, any such excess may be refunded <br />to Tenant, provided Tenant shall not be indebted to Landlord under other provisions of this Lease or shall be <br />applied as a credit to any future additional rent Tenant may be obligated to pay. <br />If at any time during the term hereof, or durinA anY renewal or extenaion of this Lease, any charge or gross <br />receipt txx cm rents (ur Lax or charqe mexsured by rents), or income tax sttributabfe to ur based upon rental <br />income which shall be payable by or chargeable to Landlord under any law or future law of the United States or <br />the State in which the demised premises are located, ur any political subdivision thereof, or any other <br />governmental agency or authority, upon or with respect to the rent received by Landlord under this Lea.ge, or <br />aKainsl I.xndlorcl in lieu of or as a subtililute for all or any part of taxes, levies, assessments or any other <br />impositions upon Che demitied premises or any part thereof, then Tenant shall pay same in accordance with the <br />terms xml p n•uv i,inns of th is i'.iragraph 'Iwvi (2). I n cwen t am• i neome or other tax of any nature is impoeed in I ieu of <br />all or any parl of real property taxes, and such tax or ch.u•ge is not admeasurable or attributed to real estate <br />valuatiun, lhen in such event, the upplicxble portion of Tenant's munlhly payment into escrow shall continue in <br />the amoun[ then in effect and shall be and hecome a part of the basic rent set forth in Paragraph One (l ) of this <br />Lease.
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