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Title: |
Lease Agreement |
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Entities: |
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Date: |
2002 |
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Size: |
Preview shows 4KB of 29KB total |
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Price: |
$38 |
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ID: |
#389949 |
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PINE LANE PLAZA
LEASE AGREEMENT
This Lease Agreement is entered into this
29th day of February 2000, between
MEYER SUSSMAN AND JUDITH SUSSMAN,
hereinafter referred to as "Lessor," and
AMERICAN MEDICAL ALERT CORPORATION, a New York
Corporation, hereinafter referred to as "Lessee."
Witnesseth:
1. The Lessor hereby leases to Lessee and Lessee takes from Lessor the following
described Premises situated in Douglas County, State of Colorado.
PREMISES:
Store Space No.300, 12543 North Highway 83, Parker, Colo. 80134 outlined on
Exhibit A, attached hereto, containing approximately 1,275 square feet, in a
retail center located upon a tract of land described as, Lot 4, GOBLERS NOB,
DOUGLAS COUNTY, CO.
TERM:
2. The term of this Lease shall be for five and 1/2 (5-1/2) years, commencing on
MARCH 15, 2000 and terminating on MARCH 31, 2005.
MINIMUM RENT:
3. Lessee agrees to pay at such place as may be designated by Lessor, minimum
rent for the premises of $411.00 for the month of MARCH 2000, plus Tenant's
pro-rata share of Real Estate Taxes, Property Insurance and C.A.M., and $797.00
per month from APRIL 1, 2000 THROUGH MARCH 31, 2001, plus Tenant's pro-rata
share of Real Estate Taxes, Property Insurance and C.A.M., and $850.00 per month
from APRIL 1,2001 THROUGH MARCH 31, 2002, plus Tenant's pro-rata share of Real
Estate Taxes, Property Insurance and CAM., and $903.00 per month from APRIL 1,
2002 THROUGH MARCH 31, 2003, plus Tenant's pro-rata share of Real Estate Taxes,
Property Insurance and C.A.M., and $956.00 per month from APRIL 1, 2003 THROUGH
MARCH 31, 2004, plus Tenant's pro-rata share of Real Estate Taxes, Property
Insurance and CAM., and $1,009.00 per month from APRIL 1,2004 THROUGH MARCH 31,
2005, plus Tenant's pro-rata share of Real Estate Taxes, Property Insurance and
CAM. If any lease extension is entered into then the C.A.M., Taxes and Insurance
shall be market. A total minimum rent for the term of the lease is Fifty four
thousand five hundred one and 00/100 U.S. Dollars ($54,591.00). Each monthly
installment is due on the first day of the month during the term hereof plus
monthly charges for Taxes, Insurance and Common Area Charges.
1
{PAGE}
SECURITY DEPOSIT:
It is agreed that Lessee, concurrently with the execution of this Lease, has
deposited with the Lessor, and will keep on deposit at all times during the term
of this Lease, the sum of Six hundred eight and 00/100 U.S. Dollars ($608.00),
the receipt of which is hereby acknowledged, as security for the payment by
Lessee of the rent herein agreed to be paid, and for the faithful performance of
all the terms, conditions and covenants of this Lease. If, at any time during
the term of this Lease, Lessee shall be in default in the performance of any
provision of this Lease, Lessor shall have the right to use said deposit, or as
much thereof as necessary, in payment of any rental in default as aforesaid and
in reimbursement of any expense incurred by Lessor by reason of Lessee's
default, or at the option of Lessor, the same may be retained by Lessor. In such
event, Lessee shall, on written demand of Lessor, forthwith remit to Lessor a
sufficient amount in cash to restore said deposit to its original amount. In the
event said deposit has not been utilized as foresaid, said deposit, or as much
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