02-10-2003 Council Packet - Laserfiche WebLink

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the Demised Premises and for one paricing spaces as depicted by the site sketch contained in Exhibit B. 2.)TERM. (a) Initial Term. The initial term of this Lease shall commence on the Effective Date and temiinate on December 31, 2007, (the ‘initial Term"), unless earlier terminated as provided herein. (b) Renewal Term(s). The term of this Lease shall automatically renew on the same terms and conditions herein, for five (5) additional periods of one (1) year each (the “Renewal Term"), unless earlier terminated as provided for herein. (c) Termination. The Initial Term of this Lease or any Renewal Term may be terminated by Landlord or Tenant upon ninety (90) days written notice to the Landlord or Tenant. In the event the Lease is terminated by Landlord or Tenant, Tenant shall be released of all further liabilities and obligations, including Rent otherwise required under the terms and conditions of this Lease upon the expiration of the ninety-day period. The Initial Term and all Renewal Term are collectively referred to herein as the ‘Term.” 3.) MAINTENANCE . Landlord shall be responsible for maintenance and repair of all structural components, heating, ventilation, air conditioning, electrical, plumbing and mcchanicul systems of the Premises. Tenant shall otherw ise keep and maintain the premises in as good or better condition as same were in at the beginning of the Lease, ordinary w’car and tear and insured casualty excepted. Tenant’s maintenance obligation shall be limited to ordinary day-to-day maintenance and shall not include any obligation to replace any fixture, facility or system in the Premises unless directly damaged by Tenant. 4 ) lawn Care and snow removal . Landlord will be responsible for all snow removal. Landlord shall be responsible for maintaining the surrounding property, including lawn care, surrounding the Premises. 5.) UTILITIES . All utilities associated with the Premises, with the exception of telephon • serv ice, will be the responsibility of the Landlord. Tenant will be responsible for its own expenses relating to telephone seivice associated w ith the Premises. ) REAL ESTATE TAXES. In the event that the Premises is sold or transferred to a non-tax exempt authority. Landlord shall be responsible for all real estate taxes and special assessments. 7.) RENT . (a) Base Rent. Base rent shall be payable in advance on or before the first (1st) day of each and every month, commencing on the Effective Date, and continuing during the Term and each Renewal Term, and Tenant shall pay to Landlord “Base Rent ” for the Premises of Two Hundred Fifty and No/100 Dollars (S250.00) per month.