Orange County NC Website
AMENDMENT OF LEASE <br /> <br /> THIS AMENDMENT OF LEASE ("Amendment") is made and entered into effective <br />as of the Date of Amendment (as hereinafter defined) by and between and between 1000 CORPORATE <br />DRIVE, LLC, a North Carolina limited liability company (“Landlord”); and ORANGE COUNTY, <br />NORTH CAROLINA, a body politic and corporate and a political subdivision of the State of North <br />Carolina (“Tenant”). <br /> <br />Recitals <br /> <br />Landlord and Tenant have made and entered into that certain Commercial Lease Agreement <br />having an effective date of April 3, 2020 (the "Lease"), pursuant to which Landlord leased to Tenant, and <br />Tenant leased from Landlord, certain premises located at 1000 Corporate Drive, Suites 401 and 402, <br />Hillsborough, Orange County, North Carolina 27278. <br /> <br /> Landlord and Tenant now desire to amend and/or modify the Lease as provided below. <br /> <br /> NOW, THEREFORE, for and in consideration of the Lease, the terms, covenants and conditions <br />set forth below and other good and valuable consideration, the receipt and sufficiency of which are hereby <br />acknowledged, the parties hereto covenant and agree as follows: <br /> <br /> 1. Definitions. Unless otherwise expressly defined herein, all terms defined in the Lease shall <br />have the same meanings in this Amendment as are ascribed to them in the Lease. <br /> <br /> 2. Extension of Term. The term of the Lease is hereby extended for a period of two (2) years <br />commencing on March 1, 2023, and ending at midnight (local time) on April 31, 2025, unless sooner <br />terminated as provided in the Lease. <br /> <br /> 3. Rent. Commencing on March 1, 2023, Tenant shall pay to Landlord or Landlord’s <br />designated agent, without demand, deduction or set off, annual rent for the Premises in the amount of <br />$49,828.32, payable in equal monthly installments in the amount of $4,152.36 each, in advance, on the <br />first day of each month commencing on March 1, 2023. Commencing on March 1, 2024, Tenant shall <br />pay to Landlord or Landlord’s designated agent, without demand, deduction or set off, annual rent for <br />the Premises in the amount of $51,323.16, payable in equal monthly installments in the amount of <br />$4,276.93 each, in advance, on the first day of each month commencing on March 1, 2024, and <br />continuing thereafter for the remainder of the Term. <br /> <br />Unless and until Landlord shall otherwise notify Tenant, in writing, all rent, additional rent and <br />other charges, if any, due and owing pursuant to the terms of this Lease shall be (a) paid in cash or by <br />personal or business check, official bank check, money order or other form of certified check made <br />payable to Landlord, or order, and (b) delivered to the following address on or prior to the first day of <br />each month during the Term (unless another due date is expressly specified in this Lease): <br /> <br /> West & Woodall Real Estate <br /> 1901 Hillandale Road, Suite 100 <br /> Durham, NC 27705 <br /> <br /> 4. Notices to Landlord. All notices and statements required or permitted by the Lease to be <br />given to Landlord shall be deemed sufficiently given and delivered when made in writing and (a) <br />personally delivered to the parties or delivered by next day courier service (i.e. FedEx, UPS, etc.), or (b) <br />delivered by the United States Postal Service via certified mail, return receipt requested, postage <br />DocuSign Envelope ID: AD0F1107-C7C5-4A02-96B9-38AC396D2297