Laserfiche WebLink
Base rental during the lease <br />term commencing August 1, 1985, shall, <br />be payable in <br />four quarterly <br />i,.stallments per lease fear as <br />follows: <br />1985-86 <br />- $ 8750.00 <br />per <br />quarter <br />1986-87 <br />- $ 8750.00 <br />per <br />quarter <br />1987-88 <br />- $10000.00 <br />per <br />quarter <br />1988-89 <br />- $10000.00 <br />per <br />quarter <br />1989-90 <br />- $10000.00 <br />per <br />quarter <br />REPAIRS AND MAINTENANCE: <br />Commencing May 1, 1985, date of possession, the responsibility for <br />repairs or maintenance to the property shall be as follows: <br />Landlord: Landlord agrees, at its expense, to repair the <br />stru.:tural proportions of the building, the roof, parking lot <br />and any major repair or replacement to the mechanical and <br />electrical systems when any such single repair or replacement <br />is in excess of $1,500.00. The cumulative cost of such <br />repairs or replacements provided by Landlord during the term <br />of the lease shall be deducted from all credits applied <br />toward the purchase price as described below. <br />Tenant: Tenant shall, at its expense, keep and maintain the <br />lease property in a clean, safe, sanitary and first class <br />condition to include all repairs and maintenance as shall be <br />required including the responsibility for all outside main- <br />tenance of the grounds and parkine areas subject to the <br />responsibilities of the landlord as described above. <br />CONDITION OF LEASED PREMISES UPON POSSESSION: <br />an o--r�agrees to deliver possession of the leased premises in a <br />clean and sanitary condition to include all lighting and plumbing <br />fixtures and heating equipment, fixtures, motors and machinery all <br />in working order and the replacement of all broken glass. <br />EXCLUSIVE OPTION TO PURCHASE: <br />Tenant shall ave the exc us ve option to purchase the leased <br />premises at any time during the lease term by giving landlord <br />sixty days written notice. The terms and conditions of the pur- <br />chase shall be as follows: <br />Purchase Price: $400,000.00 <br />Terms: All consideration and base rental paid t-) landlord as <br />of the ddte of closing shall be applied against the purchase <br />price, less any amount paid by Landlord for repairs or <br />replacements as described above. <br />