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Agenda - 05-18-2021; 8-j - Renewal of Lease for 115 E. King Street
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Agenda - 05-18-2021; 8-j - Renewal of Lease for 115 E. King Street
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5/18/2021
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8-j
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Agenda for May 18, 2021 Board Meeting
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4 <br /> CREALTORS' COMMERCIAL LEASE AGREEMENT <br /> mercial/U/lance (Single Tenant Facility) <br /> I <br /> REACTOR®North Carolina Association <br /> of REALTORSO <br /> (Note:This form is not intended to be used as a Sublease and SHOULD NOT be used in Sublease circumstances) <br /> THIS COMMERCIAL LEASE AGREEMENT, including any and all addenda attached hereto ("Lease"), is by and between <br /> C3 Hillsborough LLC <br /> e <br /> a(n) North Carolina LLC ("Landlord") <br /> (individual or State of formation and type of entity) <br /> whose address is 128 North Churton Street,Hillsborough. NC. 27278 and <br /> Orange County,Office of the Public Defender <br /> e <br /> a(n) ("Tenant"). <br /> (individual or State of formation and type of entity) <br /> whose address is <br /> If this box is checked,the obligations of Tenant under this Lease are secured by the guaranty of <br /> (name(s) of guarantor(s)) attached hereto and incorporated herein by reference. " <br /> (Note:Any guaranty should be prepared by an attorney at law.) <br /> For and in consideration of the mutual promises set forth herein and other good and valuable consideration,the receipt and sufficiency <br /> of which are hereby acknowledged,the parties hereto agree as follows: <br /> PREMISES <br /> 1. Landlord leases unto Tenant, and Tenant hereby leases and takes upon the terms and conditions which hereinafter appear, the <br /> following described property,including any improvements located thereon(herein after called the"Premises"),to wit: <br /> (Address): 115 East King Street. Hillsborough, NC. 27278 <br /> ❑All❑A portion of the property in Deed Reference:Book ,Page No. , <br /> County;consisting of approximately acres. <br /> Plat Reference:Lot(s) ,Block or Section ,as shown on Plat Book or Slide <br /> at Page(s) County,consisting of acres. <br /> If this box is checked, Premises shall mean that property described on Exhibit A attached hereto and incorporated herewith by <br /> reference. <br /> (For information purposes only,the tax parcel number of the Premises is: ) <br /> Occupancy Limitation: If this box is checked,notwithstanding any greater occupancy of the Premises which may be permitted by <br /> any law, statute, ordinance, regulation, rule (including rules enacted pursuant to any private use restrictions), as the same may be <br /> amended from time to time,Tenant shall not allow occupancy of the Premises to exceed persons per square feet <br /> in the Premises at any one time. <br /> TERM October 23 2019 <br /> 2.The term of this Lease shall commence on ("Lease Commencement Date"),and shall end at <br /> 11:59 p.m.(based upon the time at the locale of the Premises)on April 22 )2021 ,unless sooner terminated as <br /> herein provided. The first Lease Year Anniversary shall be the date twelve (12) calendar months after the first day of the first full <br /> month immediately following the Lease Commencement Date and successive Lease Year Anniversaries shall be the date twelve(12) <br /> calendar months from the previous Lease Year Anniversary. <br /> 90©If this box is checked,Tenant shall have the option of renewing this Lease,upon written notice given to Landlord at least <br /> days prior to the end of the then expiring term of this Lease,for One additional term(s)of Six months yem each. <br /> Page 1 of 12 <br /> 113 <br /> North Carolina Association of REALTORSO,Inc. STANDARD FORM 592-T <br /> 12t Revised 7/2019 <br /> REALTOR*Tenant Initials 1AM Landlord Initials C--1P EOPPORT OPPORTUNITY <br /> ©7/2019 <br /> OPPORTUNITY <br /> Churton Street Realty,238 S.Nash Street Hillsborough NC 27278 Phone:(919)732-1855 Fax:(919)732-9171 Pasley <br /> Bill Whitmore Produced with zipFonn®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 www.zipLooix.com <br />
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