09-24-1984 Council Packet - Laserfiche WebLink

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Base rental during the lease term commencing August 1, 1985, shall be payable in four quarterly installments per lease year as follows: 1985-86 - $ 8750.00 per quarter 1986-87 - $ 8750.00 per quarter 1987-88 - $10000.00 per quarter 1988-89 - $10000.00 per quarter 1989-90 - $10000.00 per quarter REPAIRS AND MAINTENANCE: Commencing May 1, 9 55, date of possession, the responsibility for repairs or maintenance to the property shall be as follows: Landlord: Landlord shall repair, at its expense, the struct- ural proportions of the building, the roof and any major repair or replacement to the mechanical and electrical systems provided however, where such repairs are required to be made by reason of the acts of the tenant, the cost shall then be borne by the tenant. Tenant: Tenant shall, at is expense, keep and maintain the lease property in a clean, safe, sanitary and first class condition to include all repairs and maintenance as shall be required including the responsibility for all outside main- tenance of the grounds and parking areas except as are the responsibility of the landlord as described above. CONDITION OF LEASED PREMISES UPON POSSESSION: Landlord agrees to deliver possession of the leased premises in a clear, and sanitary condition to include all lighting and plumbing fixtures and heating equipment, fixtures, motors and machinery all in working order and the replacement of all broken glass. EXCLUSIVE OPTION TO PURCHASE: Tenant shall have the exclusive option to purchase the leased premises at any time during the lease term by giving landlord sixty days written notice. The terms and conditions of the pur- chase shall be as follows: Purchase Price: $400,000.00 Down Payment_ All consideration and base rental as described a ve paTd to landlord as of the date of closing shall be applied against the purchase price and shall ne calculated as the down payment.