Orange County NC Website
<br />REPAIRS 13Y TENANT Landlord <br />12.. Tenant accepts the Premises in their present condition and as suited for the uses intended by Tenant. shall, throughout the <br />initial term of this Lease, and any extension or renewal thereof, at its expense, maintain in good order and repair the Premises, <br />including the building, heating and air conditioning equipment (including but not limited to replacement ofparts, compressors, air <br />handling units and heating units) and other improvements located thereon, <br />n <br />. Tenant agrees to <br />return the Premises to L~andlord~a[ the expiration or prior termination of this Lease, in as good condition and repair as when first <br />received, natural wear and tear, damage by storm, fire, lightning, earthquake or other casualty alone excepted. Tenant, Tenant's <br />employees, agents, contractors or subcontractors shall take no action which may void any manufacturers or installers warranty with <br />relation to the Premises. Tenant shall indemnify and hold Landlord harmless from any liability, claim, demand or cause of action <br />arising on account of Tenant's breach of the provisions of this paragraph. <br />ALTERATIONS <br />l3. Tenant shall not make any alterations, additions, or improvements [o the Premises without Landlord's prior written consent, <br />Tenant shall promptly remove any alterations, additions, or improvements conswcted in violation of this Paragraph upon Landlord's <br />written request. Atl approved alterations, additions,and improvements will be accomplished in a good and workmanlike manner, in <br />conformity will all applicable laws and regulations, and by a contractor approved by Landlord, free of any liens or encumbrances. <br />Landlord may require Tenant to remove any alterations, additions or improvements (whether or not made with Landlord's consent) at <br />the termination of the Lease and to restore the Premises to its prior condition, all at Tenant's expense, Alt alterations, additions and <br />improvements which Landlord has not required Tenant to remove shall become Landlord's property and shall be surrendered to <br />Landlord upon [he termination of this Lease, except that Tenant may remove any of Tenant's machinery or equipment which can be <br />removed without material damage to the Premises, Tenant shall repair, at Tenant's expense, any damage to the Premises caused by the <br />removal of any such machinery or equipment <br />REMOVAL OF FIXTURES <br />14. Tenant may (if not in default hereunder) prior to the expiration of this Lease, or any extension or renewal thereof, remove all <br />fixtures and equipment which it has placed in the Premises, provided Tenant repairs all damage to the Premises caused by such <br />removal. <br />DESTRUCTION OF OR DAMAGE TO PREMISES <br />I5. If the Premises are totally destroyed by storm, fire, lightning, earthquake or other casualty, this Lease shall terminate <br />as of the date of such destruction and rental shat] be accounted for as between Landlord and Tenant as of that date, If the <br />premises are damaged but not wholly destroyed by any such casualties, rental shall abate in such proportion as effective use of the <br />Premises has been affected and Landlord shall restore Premises to substantially the same condition as before damage as speedily <br />as is practicable, whereupon full rental shall recommence.. <br />GOVERNMENTAL ORDERS <br />16 Tenant agrees, at its own expense, to comply promptly with all requirements of any legally constituted public authority <br />made necessary by reason of Tenant's occupancy of the Premises. Landlord agrees to comply promptly with any such <br />requirements if not made necessary by reason of Tenant's occupancy. It is mutually agreed, however, between Landlord and <br />Tenant, that if in order to comply with such requirements, the cost to Landlord or Tenant, as the case may be, shall exceed a sum <br />equal to one year's rent, then Landlord or Tenant, whichever is obligated to comply with such requirements, may terminate <br />this Lease by giving written notice of termination to the other party by registered mail, which termination shall become effective <br />sixty (60) days after receipt of such notice and which notice shall eliminate the necessity of compliance with such requirements by <br />giving such notice unless the pang giving such notice of termination shalt, before termination becomes effective, pay to the party <br />giving notice all cost of compliance in excess of one year's rent, or secure payment of said sum in manner satisfactory to the parry <br />giving notice. <br />CONDEMNATION <br />17 If [he whole of the Premises, or such portion thereof as will make the Premises unusable for the purposes herein leased, is <br />condemned by any legally constituted authority for any public use or purpose, then in either of said events the term hereby granted <br />shall cease from the date when possession thereof is taken by public authorities, and rental shall be accounted for as between Landlord <br />and Tenant as of said date. Such termination, however, shall be without prejudice to the rights of either Landlord or Tenant to recover <br />compensation and damage caused by condemnation from the condemnor. It is further understood and agreed that Tenant shall not <br />have any rights in any award made to Landlord by any condemnation authority. <br />Page 4 of 8 <br />STANDARD FORM 590-T <br />© 7/2002 <br />Tenant Initials Landlord Initials <br />m:i~woNcaagFo!'7nu/ator'rmmsoawam eoo~aae-ton <br />