Preview | Lease Agreement |

THIS LEASE AGREEMENT (this ?Lease?) is made this 15th day of March, 2000 (the ?Effective Date?), by and between JIMJOY HOLDINGS, LLC, a New Hampshire limited liability company (hereinafter called ?Landlord?), and NATIONSRENT USA, INC., a Delaware corporation, and/or its assigns (hereinafter called ?Tenant?).

Landlord, for and in consideration of the rentals herein promised to be paid by Tenant and the covenants, conditions and agreements herein contained to be kept and performed by Tenant, does hereby let and rent to Tenant, and Tenant does hereby take and lease as Tenant of Landlord, the premises hereinafter described for the term, at the rental and upon the terms and conditions hereinafter set forth:

1.1 Landlord. Landlord warrants that it owns the Premises and has full right and power to execute and deliver this Lease without the consent or agreement of any other person, and that those persons executing this Lease on behalf of Landlord have the authority and power to execute this Lease on Landlord?s behalf and deliver this Lease to Tenant.

1.2 Tenant. Tenant warrants that Tenant has full right and power to execute and deliver this Lease without the consent or agreement of any other person, and that those persons executing this Lease on behalf of Tenant have the authority and power to execute this Lease on Tenant?s behalf and deliver this Lease to Landlord.

2.1 Description. The premises herein leased (hereinafter called the ?Premises?) are legally described in Exhibit ?A? attached hereto and made a part hereof. The Premises also include the building(s) and improvements located upon the land area described in Exhibit ?A? and all rights appurtenant thereto. The Premises are located at 17 Old Manchester Road, Candia, New Hampshire 03034.

2.2 Quiet Enjoyment. Landlord agrees to warrant and defend Tenant in the quiet enjoyment and possession of the Premises during the term of this Lease so long as Tenant complies with the provisions hereof.

3.1 Lease Commencement Date. The term of this Lease (the ?Term?) shall commence as of the Effective Date (the ?Lease Commencement Date?), and shall terminate on the date which is the last day of the month preceding the tenth (10th) anniversary date of the Lease Commencement Date unless extended by Tenant in accordance with any extension option contained in this Lease or any rider thereto or unless terminated at an earlier date in accordance with the provisions of this Lease. Landlord shall give Tenant possession of the Premises on the Lease Commencement Date.


Exhibit 10.19		Page 2 of 36

3.2 Extension Terms. Tenant shall have the right to extend the Term of this Lease for two (2) additional terms of five (5) years each (the ?Extension Terms? or individually an ?Extension Term?) in its sole discretion upon delivering written notice to the Landlord of its intent to exercise this option to extend not less than ninety (90) days before the expiration date of the initial Term or of any previously exercised Extension Term of this Lease. If Tenant exercises any of the Extension Terms in the manner provided for in this paragraph then the Lease shall terminate five (5) years after the initial expiration period (as set forth in Section 3.1 above) or the end of the previously exercised Extension Term unless a subsequent Extension Term is exercised, and all provisions of this Lease shall be applicable to the Extension Terms. As used herein, the reference to ?Term? shall include the Lease Term and as extended by all Extension Terms.

3.3 Prorations. If any payments, rights or obligations hereunder (whether relating to payment of rent, taxes, insurance, other impositions, or to any other provision of this Lease) relate to a period in part before the Lease Commencement Date or in part after the date of expiration or termination of the term, appropriate adjustments and prorations shall be made.

End of Preview

Home Intelligence Services Subscriptions News About Us