Orange County NC Website
STATE OF NORTH CAROLINA <br /> COUNTY OF ORANGE LEASE <br /> THIS LEASE "Lease", made and entered into as of the 1st day of October, 2017, by and <br /> between Orange County, hereinafter referred to as "County," and Seal the Seasons, Inc., <br /> hereinafter referred to as"Tenant;" <br /> WITNESSETH: <br /> THAT FOR and in consideration of the mutual covenants and conditions hereinafter <br /> set forth, the parties hereto do hereby agree as follows: <br /> 1. Premises. County does hereby lease and let unto Tenant and Tenant does <br /> hereby accept as Tenant those certain premises designated as Suites 105 and 106, 501 West <br /> Franklin Street, Chapel Hill, Orange County, North Carolina ("Lease Premises" or "Leased <br /> Premises"), situated on that parcel having PIN 9788151996 and as more particularly shown on <br /> EXHIBIT A appended hereto. Premises are understood to include four (4) assigned parking <br /> spaces identified within the parking area that do not interfere with marked Visitor's Bureau guest <br /> parking. Off-site parking in addition to these assigned spaces within the Premises is the <br /> responsibility of the Tenant. <br /> 2. Acceptance of Premises. The Tenant represents that the Leased Premises, <br /> the sidewalks and structures adjoining the same, any subsurface conditions thereof, and the <br /> present uses and non-uses thereof have been examined by the Tenant. The Tenant accepts <br /> the same in the condition in which they now are without representation or warranty, express or <br /> implied, in fact or by law, by the County, the nature, condition or usability thereof, or the uses to <br /> which the Leased Premises may be put. Provided, County shall be responsible for ensuring <br /> that the heating/air-conditioning, plumbing, and electrical systems are in good operating <br /> condition; the exterior walls and roof, the lighting system (excluding such additions as may be <br /> required for Tenant's business operation) and the exterior grounds are in good repair on the <br /> date of commencement of the Lease term. County represents and warrants to Tenant that it <br /> holds unencumbered fee title to the Lease Premises. The County shall not be responsible for <br /> any latent defect or change of condition in such building, improvements, and personalty, and the <br /> rent hereunder shall in no case be withheld or diminished because any defect in such property, <br /> any change in the condition thereof, any damage occurring thereto or the existence with respect <br /> thereof of any violations of the laws or regulations of any governmental authority, except as <br /> hereinafter provided. In addition, Tenant acknowledges that the Lease Premises is a smoke free <br /> building and grounds and tobacco use inside of the building or on the grounds is prohibited. <br /> 3. Term and Rental. <br /> (a) This Lease shall commence on October 1 st, 2017, and shall continue for a term <br /> of twenty-four (24) months, ending on September 30th, 2019, both dates inclusive, unless <br /> sooner terminated as herein provided. Upon mutual written agreement, this Lease may be <br /> renewed for up to two (2) twelve (12) month terms. Any renewal may be for the entire Leased <br /> Premises. The first renewal option will match the initial lease rate;the second renewal option <br /> shall be subject to a mutually agreed upon increase in rent. The existing Lease Agreement <br /> dated June 20, 2017 terminates at the full execution of this Agreement. <br /> (b) Tenant shall maintain with the County a deposit in the amount of Twelve <br /> Hundred Twenty Seven Dollars and Thirty Three Cents ($1,227.33), which is the equivalent to <br /> Page 1 of 12 <br />