|
|
|
|
Document Preview Standard Multi-Tenant Office Lease (Gross) |
|
|
|
|
|
Click "Add to Cart" button to purchase document. |
|
|
|
|
|
Title: |
Standard Multi-Tenant Office Lease (Gross) |
|
Entities: |
American Industrial Real Estate Association; Oceanic Exploration Co.; Sorrento Square, LLC; Oceanic Exploration Co |
|
Date: |
2002 |
|
Size: |
Preview shows 6KB of 160KB total |
|
Price: |
$52 |
|
ID: |
#140187 |
|
|
|
|
|
|
|
Start of Preview |
|
STANDARD MULTI-TENANT OFFICE LEASE - GROSS
AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION
1. BASIC PROVISIONS ("BASIC PROVISIONS").
1.1 PARTIES: THIS LEASE ("LEASE"), dated for reference purposes only
October 18, 2001, is made by and between Sorrento Square, LLC, a California
limited liability company ("LESSOR") and Oceanic Exploration Co., a Delaware
corporation d/b/a Alliance Employment Solutions ("LESSEE"), (collectively, the
"PARTIES", or individually a "PARTY").
1.2(a) PREMISES: That certain portion of the Project (as defined below)
known as Suite Number(s) 125 first (1st) floor(s), consisting of approximately
5,795 rentable square feet and approximately 5,215 useable square feet
("PREMISES"). The Premises are located at: 6125 Cornerstone Court East, in the
City of San Diego, County of San Diego, State of California, with zip code
92121. In addition to Lessee's rights to use and occupy the Premises as
hereinafter specified, Lessee shall have non-exclusive rights to the Common
Areas (as defined in Paragraph 2.7 below) as hereinafter specified, but shall
not have any rights to the roof, the exterior walls, the area above the dropped
ceilings, or the utility raceways of the building containing the Premises
("BUILDING") or to any other buildings in the Project. The Premises, the
Building, the Common Areas, the land upon which they are located, along with
all other buildings and improvements thereon, are herein collectively referred
to as the "PROJECT". The Project consists of approximately 16,240 rentable
square feet. (See also Paragraph 2)
1.2(b) PARKING: Ratio of four (4) unreserved parking spaces per 1,000
usable square feet leased, or any part leased thereof. (See Paragraph 2.6.)
1.3 TERM: Three (3) years and zero (0) months ("ORIGINAL TERM")
commencing November 15, 2001 ("COMMENCEMENT DATE") and ending November 16, 2004
("EXPIRATION DATE"). (See also Paragraph 3)
1.4 EARLY POSSESSION: November 1, 2001 ("EARLY POSSESSION DATE"). (See
also Paragraphs 3.2 and 3.3)
1.5 BASE RENT: $9,851.50 per month ("BASE RENT"), payable on the first
(1st) day of each month commencing January 1, 2002. (See also Paragraph 4)
[X] If this box is checked, there are provisions in this Lease for the Base
Rent to be adjusted.
1.6 LESSEE'S SHARE OF OPERATING EXPENSE INCREASE: thirty-five and
seven-tenths percent (35.7%) ("LESSEE'S SHARE"). Lessee's Share has been
calculated by dividing the approximate rentable square footage of the Premises
by the total approximate square footage of the rentable space contained in the
Project and shall not be subject to revision except in connection with an
actual change in the size of the Premises or a change in the space available
for lease in the Project.
1.7 BASE RENT AND OTHER MONIES PAID UPON EXECUTION:
(a) BASE RENT: $4,925.75 for the period November 15, 2001 through
November 30, 2001.
(b) SECURITY DEPOSIT: $10,451.46 ("SECURITY DEPOSIT"). (See also
Paragraph 5)
(c) PARKING: $N/A for the period N/A
(d) OTHER: $N/A for N/A
(e) TOTAL DUE UPON EXECUTION OF THIS LEASE: $15,377.21
1.8 AGREED USE: Employment services and general office as permitted
under existing zoning. (See also Paragraph 6)
1.9 BASE YEAR; INSURING PARTY. The Base Year is 2001. Lessor is the
"INSURING PARTY". (See also Paragraph 4.2 and 8)
1.10 REAL ESTATE BROKERS: (See also Paragraph 15)
(a) REPRESENTATION: The following real estate brokers (the
"BROKERS") and brokerage relationships exist in this transaction (check
applicable boxes):
[X] Burnham Real Estate Services represents Lessor exclusively ("LESSOR'S
BROKER");
[X] The Staubach Company represents Lessee exclusively ("LESSEE'S BROKER"); or
[ ] N/A represents both Lessor and Lessee ("DUAL AGENCY").
(b) PAYMENT TO BROKERS: Upon execution and delivery of this Lease
by both Parties, Lessor shall pay to the Brokers the brokerage fee agreed to in
a separate written agreement.
1.11 GUARANTOR. The obligations of the Lessee under this Lease shall be
guaranteed by Oceanic Exploration Co., a Delaware corporation ("GUARANTOR").
(See also Paragraph 37)
1.12 BUSINESS HOURS FOR THE BUILDING: 7:00 a.m. to 7:00 p.m., Mondays
through Fridays (except Building Holidays) and 9:00 a.m. to 1:00 p.m. on
Saturdays (except Building Holidays). "BUILDING HOLIDAYS" shall mean the dates
of observation of New Year's Day, President's Day, Memorial Day, Independence
Day, Labor Day, Thanksgiving Day, Christmas Day.
1.13 LESSOR SUPPLIED SERVICES. Notwithstanding the provisions of
Paragraph 11.1, Lessor is NOT obligated to provide the following:
[X] Janitorial services
[X] Electricity
[ ] Other (specify): N/A
1.14 ATTACHMENTS. Attached hereto are the following, all of which
constitute a part of this Lease:
[X] an Addendum consisting of Paragraphs 51 through 57;
[X] a plot plan depicting the Premises;
[X] a current set of the Rules and Regulations;
|
End of Preview |
Home Intelligence Services Subscriptions News About Us