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Title: |
Commercial Lease Agreement |
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Entities: |
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Date: |
2001 |
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Preview shows 5KB of 112KB total |
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$40 |
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ID: |
#1298918 |
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STATE OF GEORGIA)
COUNTY OF FULTON)
COMMERCIAL LEASE AGREEMENT
THIS COMMERCIAL LEASE AGREEMENT (this "Lease"), made and entered into this
1st day of March, 2000, by and among the Landlord, the Tenant and the Agent, if
any, hereinafter named.
WITNESSETH:
For and in consideration of the rents, covenants and agreements
hereinafter reserved and contained on the part of Tenant to be observed and
performed, Landlord demises and leases to Tenant, and Tenant leases, rents and
accepts from Landlord the Premises, as hereinafter defined.
ARTICLE 1
DEFINITIONS AND EXHIBITS
1.1 DEFINITIONS. In addition to other terms which are elsewhere
defined in this Lease, each of the following terms when used in this Lease with
an initial capital letter shall have the meanings set forth in this Paragraph
1.1, and only such meanings, unless such meaning are expressly limited or
expanded elsewhere in this Lease:
(A) "Landlord": CHATTAHOOCHEE WAREHOUSES LLC
(B) Landlord's Mailing Address: 1100 SPRING STREET, SUITE 550
ATLANTA, GEORGIA 30309
(C) "Tenant": ON-SITE SOURCING, INC., a Delaware
corporation
(D) Tenant's Mailing Address: 200 PERMALUME PLACE, N.W.
ATLANTA, GEORGIA 30318
(E) "Development": That certain property commonly know as 1285-1295
Chattahoochee Avenue and 200-214 Permalume Place, located within the
City of Atlanta, County of Fulton, and State of Georgia, which
presently contains approximately 66,500 gross rentable square feet
of building area, which size shall by agreement of the parties
hereto be deemed to be the size of the Development.
(F) "Premises": That certain one (1)-story unit without basement
commonly known as 200 Permalume Place situated within the
Development and containing approximately 18,000 gross rentable
square feet, which size shall by agreement of the parties hereto be
deemed to be the size of the Premises.
(G) "Commencement Date": The Commencement Date shall be the sooner to
occur of the following two (2) dates: (i) March 1, 2000, or (ii) the
date on which possession of the Premises is delivered to Tenant.
(H) "Lease Term": The term of this Lease shall commence on the
Commencement Date, and, unless sooner terminated as hereinafter
provided, shall terminate on the last day of April, 2005.
(I) "Minimum Rent": The monthly Minimum Rent shall be:
Period Monthly Amount
(i) Commencement Date to April 30, 2000 $ 0.00;
(ii) May 1, 2000 to April 30, 2001 $7,600.00;
(iii) May 1, 2001 to April 30, 2002 $7,780.00;
(iv) May 1, 2002 to April 30, 2003 $7,968.00;
(v) May 1, 2003 to April 30, 2004 $8,156.00;
(vi) May 1, 2004 to April 30, 2005 $8,353.00.
(J) "Initial Payment": A total of $15,425.00, of which (i) $7,825.00
represents the first month's Minimum Rent and Tenant's Proportionate
Share of Common Area Maintenance, and (ii) $7,600.00 represents the
Security Deposit.
(K) "Tenant's Proportionate Share": A fraction, the numerator of which
shall be the total gross rentable square footage of the Premises as
defined in Subparagraph 1.1(F), and the denominator of which shall
be the total gross rentable square footage of all buildings in the
Development as defined in Subparagraph 1.1(E), all as determined by
Landlord. Landlord's estimate of Tenant's Proportionate Share of
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