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Title: |
Commercial Lease |
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Date: |
2002 |
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Preview shows 4KB of 47KB total |
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$35 |
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ID: |
#515744 |
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STATE OF GEORGIA
COUNTY OF GORDON
COMMERCIAL LEASE
THIS LEASE, made this 16/th/ day of NOVEMBER, 2001, by and between OSTOW
HOLDINGS, L.L.C. c/o Mr. Stanley J. Ostow, 55 Lookout Circle, Larchmont, N.Y.
10538 (hereinafter referred to as "Landlord"); and ALADDIN MANUFACTURING
CORPORATION (hereinafter referred to as "Tenant").
WITNESSETH:
Premises
1. That Landlord, for and in consideration of the rents, covenants, agreements
, and stipulations hereinafter mentioned, reserved, and contained, to be paid,
kept and performed by Tenant, has leased and rented, and by these presents does
lease and rent, unto Tenant, and Tenant hereby leases and takes upon the terms
and conditions which hereinafter appear, the following described property
(hereinafter called "the premises") to wit:
ONE HUNDRED FORTY THOUSAND SQUARE FEET OF WAREHOUSE SPACE
REPRESENTING A PORTION OF THE PREMISES AT 501 OAK STREET,
CALHOUN GEORGIA AS DESIGNATED AND AGREED UPON BETWEEN
LANDLORD AND TENANT AND SHOWN ON EXHIBIT B ATTACHED HERETO.
{PAGE}
[PLAN]
{PAGE}
TERM
2. Tenant shall have and hold the premises for a term beginning on the 1/st/
day of January, 2002 ending on the 31st day of December, 2003 at midnight unless
sooner terminated or extended as hereinafter specifically provided in this
Lease.
RENTAL
3. Tenant shall pay Landlord, by payments to F B & F HOLDING CO., L.L.C. P.O.
Box 2409, Calhoun, Georgia, 30703 (hereinafter called "Manager") or at such
other address of which Tenant shall from time to time otherwise be notified,
promptly on the first day of each month in advance, during all terms of this
Lease a monthly rental of $17,600. All amounts payable under this lease by
Tenant to Landlord, if not paid when due, will bear interest from the due date
until paid at the highest rate permitted by law.
UTILITY
4. Tenant shall pay all water, sewer, sewer service charges, gas, electricity,
fuel, light, heat and power bills for permises or used by Tenant in connection
therewith, during all terms of this Lease. If Tenant does not pay such bills or
charges Landlord may pay the same, and such payments shall be added to the
following month's rental of premises. Notwithstanding any payments of such bills
and charges by the Landlord, Tenant's failure to pay such bills and charges when
and as due shall constitute a default under this Lease and will give the
Landlord, interalia, the right to cancel this Lease as provided hereinafter in
Paragraph Sixteen (16).
USE OF THE PREMISES
5. The premises shall be used specifically for warehousing only and no other
purposes whatsoever. The premises shall not be used for any illegal purposes;
nor in any manner to create any nuisance or trespass; nor in any manner to
vitiate the insurance or increase the rate of insurance on premises.
{PAGE}
ABANDONMENT OF THE PREMISES
6. Tenant may abandon or vacate the premises during any term of this Lease but
shall maintain premises only for the aforesaid purpose herein leased until the
expiration of the final term hereof.
REPAIRS BY LANDLORD
7. Landlord shall keep in good repair the roof, foundations and exterior walls
of the premises, and sewer pipes outside the exterior walls of the building in
which the premises is located, except repairs rendered necessary by the
negligence, wilful act or omission of Tenant, Tenant's agents, employees and
invitees. Landlord hereby gives Tenant exclusive control of the premises, and
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