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Document Preview Store Lease |
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Title: |
Store Lease |
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Entities: |
Remington Oak L.P.; Carnegie International Corp. |
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Date: |
2001 |
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Size: |
Preview shows 4KB of 16KB total |
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Price: |
$34 |
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ID: |
#141801 |
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RIDER ATTACHED TO AND MADE A PART OF THAT CERTAIN STORE LEASE DATED AUGUST 1,
1999. MADE BY AND BETWEEN REMINGTON OAK L.P., 1300 REMINGTON RD., #M,
SCHAUMBURG, IL, AS LESSOR ("LESSOR") AND CARNEGIE INTERNATIONAL, AS LEESEE
("LEESEE"), FOR THE PROPERTY COMMONLY KNOWN AS 1121 W. LAKE STREET (1ST FLOOR),
OAK PARK, ILLINOIS 60301
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R1. Rider Prevails. In the event any term or provision of this Rider
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conflicts with the preprinted portion of the Lease, the term or provision of
this Rider shall prevail.
R2. Base Rent. Lessee covenants to pay to Lessor, as base rent during
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the term of this Lease ("Base Rent"), payable without prior demand and without
deduction or setoff for any claim Lessee may have against Lessor, the following
amounts, in advance on the first day of each and every calendar month during the
term hereof, at such location as the Lessor directs from time to time:
08-01-1999 Through 08-31-2000 $1,775.00
09-01-2000 Through 08-31-2001 $1,881.00
09-01-2001 Through 08-31-2002 $1,995.00
R3. Security Deposit. Lessee has deposited with Lessor the sum of
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$3,550.00 as security for the Lessee's faithful performance of its obligations
under this Lease. If Lessee fails to pay rent or other charges due under this
Lease, or otherwise defaults with respect to any provision of this Lease, Lessor
may use, apply, or retain all or any portion of this deposit for the payment of
any rent or other charge in default or for the payment of any other sum to which
Lessor may become obligated by reason of Lessee's default, or to compensate
Lessor for any loss or damage that Lessor may suffer thereby. If Lessor so uses
or applies all or any portion of this deposit, Lessee shall within ten days
after written demand therefor deposit with the Lessor an amount sufficient to
replenish the deposit. At the expiration of the term of this Lease and upon
Lessee's vacating the Premises as contemplated herein and, so long as Lessee is
not in default of any provision of this Lease, then Lessor shall return to the
Lessee the deposit less any amounts properly so used or applied, with interest.
R4. Scavenger. Lessee shall obtain a weekly garbage service for the
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removal of all retail store debris.
R5. Eminent Domain. If during the term of this Lease, all or part of
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the premises shall be taken as a result of the exercise of the power of eminent
domain, Lessor shall be entitled to the entire portion of the award in such
proceedings for the land and building, including any appreciation in value of
such land and building by reason of the existence of this Lease and Lessee shall
have the right to prove in such proceedings and to receive any award which may
be made for damages or condemnation of Lessee's trade fixtures, equipment or
other personal property.
If the entire Premises shall be taken under such eminent domain
proceedings, this Lease and all the right, title and interest of Lessee
hereunder shall cease and come to an end on the date of vesting of the title
pursuant to such proceedings. In the event of a partial taking exceeding 25% of
the Premises, Lessee may terminate this Lease at its option. In the event of a
taking of less than 25% of the Premises, then the Lease will remain in full
force and effect, but the Base Rent and Additional Rent shall abate prorata with
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