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Document Preview Store Lease |
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Title: |
Store Lease |
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Entities: |
130-35 Merrick Boulevard Associates, L.P.; Western Beef Inc. |
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Date: |
1998 |
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Size: |
Preview shows 3KB of 34KB total |
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Price: |
$37 |
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ID: |
#146587 |
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STORE LEASE
The Landlord and the Tenant agree to lease the Rental Space for the Term and at
the Rent stated as follows: (The words Landlord and Tenant include all landlords
and all tenants under this lease.)
Landlord: 130-35 Merrick Boulevard Associates, L.P.
Address: 47-05 Metropolitan Avenue
Flushing, New York 11385
Tenant: WESTERN BEEF, MERRICK BLVD., INC..
Address: 130-35 Merrick Blvd.
Springfield Gardens, New York
Rental Space: Approximately 37,000 square feet of ground floor space
constituting the entire underroof area,
In the Building at: 130-35 Merrick Blvd., Springfield Gardens, New York,
together with abutting parking areas, the property being more particularly
described on the Queens County Assessor's Records as Section 53 Block 12494 Lots
8, 37 & 39 Volume 3.
Date of Lease: February 6, 1990
Term: 20 years, ending June 30, 2015.
Rent: The rent is payable in advance at the Offices of Landlord beginning June
1, 2015 and thereafter on the first day of each and every month in accordance
with the "Schedule of Rents" annexed hereto and made a party hereof.
Security: none
Insurance : A. Liability - Minimum $5,000,000.00-$10,000,000.00 (See P. 6A)
1
{PAGE}
B. Property/Rental (See P. 6B)
Use of Rental Space - as and for the operation of a Supermarket and no other
purpose.
1. Possession and Use
Landlord shall give possession of the Rental Space to Tenant for the Term.
Tenant shall take possession of and use the Rental Space for the purpose stated
above. Tenant may not use the Rental Space for any other purpoe without the
written consent of the Landlord.
Tenant shall not allow the Rental Space to be used for any unlawful or
hazardous purpose. Tenant is satisfied that the Rental Space is for the Use
stated. Tenant shall obtain and maintain any necessary certificate of occupancy
or other certificate permitting Tenant to use the Rental Space.
Tenant shall not use the Rental Space in any manner that results in (1) an
increase in the rate of fire or liability insurance or (2) cancellation of any
fire or liability insurance policy on the Rental Space. Tenant shall comply with
all requirements of the insurance companies insuring the Rental Space. Tenant
shall not abandon the Rental Space during the Term of this Lease or permit it to
become vacant for more than sixty (60) continuous days.
2. Delay in Giving of Possession
[This section has been intentionally deleted.]
3. No Assignment or Subletting
Tenant may not do any of the following without the Landlord's prior
written consent: (a) assign this Lease (if Tenant is a corporation, the sale of
a majority of its shares shall be treated as an assignment), (b) sublet all or
any part of the Rental Space or (c) permit any other person or business to use
the Rental Space.
4. Rent and Additional Rent
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