Orange County NC Website
Browse       Search
4 <br /> COPY <br /> STATE OF NORTH CAROLINA DIST: <br /> COUNTY OF ORANGE LEASE <br /> THIS LEASE, made and entered into as of the 2nd day of December, 2002, by and <br /> between The County of Orange, hereinafter referred to as "County," and Terra Dotta <br /> LLC., hereinafter referred to as"Tenant;" <br /> WITNESSETH: <br /> THAT FOR and In consideration of the mutual covenants and conditions <br /> hereinafter set forth, the parties hereto do hereby agree as follows: <br /> 1. Premises. County does hereby lease and lot unto Tenant and Tenant does <br /> hereby accept as Tenant those certain premises designated as Suite #105 of the <br /> Bentley Building, 501 Franklin Street, Chapel Hill, Orange County, North Carolina, as <br /> more particularly shown on EXHIBIT A appended hereto. In addition to the premises <br /> assigned adjacent to the Bentley Building In common with other tenants of the Building. <br /> The Bentley Building is a smoke free building and does not permit tobacco use inside of <br /> the building. <br /> 2.Acceptance of Premises. The Tenant represents that the lease <br /> property, the sidewalks and structures adjoining the same, any subsurface conditions <br /> thereof, and the present uses and non-uses thereof have been examined by the Tenant. <br /> The Tenant accepts the same in the condition in which they now are without <br /> representation or warranty, express or implied, in fact or by law,.by the County, the <br /> nature, condition or usability thereof, or the uses to which the leased property may be <br /> put.. Provided, County shall be responsible for insuring that the heatingtair-conditioning <br /> system is in good operating condition; the exterior walls and roof, the lighting system <br /> (excluding such additions as may be required for Tenant's particular business operation) <br /> and the parking area and sidewalks are in good repair on the date of commencement of <br /> the lease term. County represents and warrants to Tenant that it holds unencumbered <br /> fee title to the lease premises. The County shall not be responsible for any latent defect <br /> or change of condition in such building, improvements and personality, and the rent <br /> hereunder shall'in no case be withheld or diminished on account of any defect in such <br /> property, any change in the condition thereof, any damage occurring thereto or the <br /> existence with respect thereof of any violations of the laws or regulations of any <br /> govemmental authority, except as hereinafter provided. <br /> 3.Term and Rental. <br /> (a) This lease shall commence on December 3,2002 and shall continue for a <br /> term of One M year.which ends on December 2,2003, both dates inclusive, unless <br /> sooner terminated as herein provided. <br /> (b) Tenant shall deliver to County a deposit in the amount of$650,which is <br /> the equivalent to one-month rent. Deposit shall be held as a security deposit against <br /> claims for damages. This money may be deposited for the exclusive use of Orange <br />