Agenda - 06-26-2007-4k - Laserfiche WebLink

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X~ `~ If this box is checked, Tenant shall pay all rental to Landlord's Agent at the following address: N/A ~ ~- LATE CHARGES 4. If Landlord fails to receive any rent payment within _ fifteen {15) .days after it becomes due, Tenant shall pay Landlord, as additional rental, a late charge equal to _ five ~ percent . 5 - (%) of the overdue amount or $ _ NJA whichever is greater, plus any actual bank fees incurred for returned or dishonored checks. The parties agree that such a late charge represents a fair and reasonable estimate of the cost Landlord will incur by reason of such late payment. SECURITY DEPOSIT 5. Tenant shall deposit with Landlord or its Agent upon execution of this Lease $ _ 0. as a security deposit which shall be held as security for the full and faithful performance by Tenant of each and every term, covenant and condition of this Lease. If any of the rents or other charges or sums payable by Tenant shall be over-due and unpaid or should payments be made on behalf of Tenant, or should Tenant fail to perform any of the. terms of this Lease, then Landlord or its Agent may, at its option, appropriate and apply the security depasit, or so much thereof as may be necessary, to compensate toward the payment of the rents, charges or other sums due from Tenant, or towards any loss, damage or expense sustained by Landlord resulting from such default on the part of the Tenant; and in such event Tenant shall upon demand restore the security deposit to the original sum deposited. In the event Tenant furnishes Landlord with proof that all utility bills have been paid through the date of Lease termination, and performs all of Tenant's other obligations under this Lease, the security deposit shall be returned in full to Tenant within thirty (30) days after the date of the expiration or sooner termination of the term of this Lease and the surrender of the Premises by Tenant in compliance with the provisions of this Lease. The Security Deposit may be placed in an interest bearing account and any interest thereon shall be the property of the party holding the same. ^ If this box is checked, Agent shall hold the Security Deposit and shall be entitled to the interest thereon. UTILITY BILLS 6. (a) Tenant shall pay the following utilities: Water, sewer, eiectric.and natural gas (all utilities. (b) Landlord shalt pay the following utilities: N/A Responsibility to pay for a utility service shall include all metering, hook-up fees or other miscellaneous charges associated with the installation and maintenance of such utility in said party's name. COMMON AREA COSTS; RULES AND REGULATIONS 7. If the Premises are part of a larger building or group of buildings, Tenant shall pay as additional yenta! monthly, in advance, its pro rata share of common area maintenance costs as hereinafter more particularly set forth in the Special Stigulations (see Paragraph 38). The Rules and Regulations, if any, attached hereto are made a part of this Lease. Tenant agrees to perform and abide by these Rules and Regulations, if any, and such other Rules and Regulations, if any, as may be made from time to time by Landlord. USE OF PREMISES 8. The Premises shall be used for Parks and Recreation offices and warehouse puiposes only and no other. 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 the Premises. In the event Tenant's use of the Premises results in an increase in the rate of insurance on the Premises, Tenant shall pay to Landlord, upon demand and as additional rental, the amount of any such increase. Page 2 of 8 STANDARD FORM 590-7 © 7/2002 Tenant Initials Landlord Initials llusfmmproducedbyFol7rlll/ator~Famss°nware 8oD-336-1027