Orange County NC Website
Browse       Search
8 <br /> Ills LEASE made and angered eta alt of the day of .19 . <br /> earl ewe , Plantation Partnership. A £lroida General v <br /> its office• _801 Laurel Oak Drive, Suite 410 <br /> Naples, FL 33963 _ <br /> (kerns eel read to as'Landlord')and <br /> Orange Count , State of North Carol_ , <br /> hauls!ids Pawl offmt 300 W. Tryon Street <br /> Hillsborou:h NC 27278 <br /> (Mein referred to as'Td well. • <br /> W 1TNESSETM: <br /> That a consideration of the rend.commits and conci ion Mein sei lords.Landoed and Tema do hereby eovenanr.promise am <br /> agree ae Maw <br /> ARTICLE 1 <br /> DEFINED TERMS <br /> 1.01 The following tennis wherever used Mess Ad have tha blowing meanings: <br /> (a) a °PREMLSES Unit #13 (20'x60') 1,200 sq. ft. ± <br /> (1) Unit now or hereafter to be erected by Lant0ord,at its expense.as shown in Eahib�i <br /> (2) feet now or h.reaher to be sleeted by Tenant.at its exptsae.st shows is Eahtb(t W. <br /> (31 Location a(1.01(al(1)and/or 1.10 lb)(2)shall he shown N Eahisit <br /> (b1 I NI IAl.TERM:Each Lease Year Shall Terminate January 31 <br /> five(5)years flora dale d occupancy. <br /> lo) AIN1NUA(,MP 4 .l RENT: <br /> Dtuig the tribal Teter N/A ,_pt.annum <br /> 1st Yr. - $14,400.00 4th Yr. - $15,876.00 <br /> 2nd Yr. - $14,400.00 5th Yr. - $16,669.80 <br /> 3rd Yr. - $15,120.00 <br /> (d)PERCENTAGE RENTAL <br /> N/A %of Gross Salm as herein defined at excess of$ N/A <br /> (e)GRt>,SS SALES; <br /> The total dollar amount of the actual sales pees. pad or wood. whether lot cash or on credit.of ad asks of <br /> merchandise and services and all other revenues and e+comr of any kind derived drrectty or mr$rKt)y ban the <br /> business conducted by Tenant and tub teiwul and arty department tenants or assgns rn Of tram the Demised <br /> Pitmans, less any sales tax. returns. exchanges. alawances and rSacot,nrms. transfers of rrrrchandrse kern the <br /> Demised Nemeses loather stops of the Tenant.arsd ins any layaway saes sum)the same become ac tint sate&Dv the <br /> ternq"sales tae'it meant rarm which by law Mara not eneoeed on Tenant or any other parry pnor so sate at retail by <br /> Taunt.but f2)are imposed on purchases ham Tenant at rend and cc:Arcot:de by Tenant from such purchasers. <br /> (f) ESTIMATE°COMM-MO(N DATE <br /> Complete <br /> (g)DATE OF OCCUPANCY: <br /> The fins to occur of Ii)the date upon which the tenant will open for busttess,or t:)the date upon which Tenant's <br /> baking shall be contained in iccordarxe with Exhtb,t'A"and the possession thereof shell be rendered to Tenant or <br /> Iii). Tenant shall commence to pay rent forty-five (45) days after Landlord has <br /> advised Tenant that building is ready for Tenant's fixturing. <br /> (II ERM11'TED USA Driver's License Bureau and Satellite Sheriff's Office <br /> or similar Governmental Function <br /> (i)GUARANTOR <br /> Orange County - State of North Carolina <br /> • <br /> (P COMMON AREA <br /> TM entire areas designated for comma use d benefit wirhn the Sixty:Mg Center.inelucrei J bye net by way d <br /> ewaton,parking kxs.Mt taped and vacant areas.pr.+sa9e ter trucks anti automobies.artatwye.roads,ws&s, <br /> curbs,corndors.courts and arcades,together with twines such as washrooms.canton:toms,katnyes.&Wong <br /> fountiirs,rtes.stars.r'ambes.shelters,eenrrrxerety roans.Dorcas ,bus moats.and loading docks,will facilues <br /> Cerua. but not Effaced to,treatment plant Is)and setting ponds whether tM ether located wt or outside tithe Shopping , <br /> 1 <br /> , . . <br />