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2025-460-E-Housing Dept-Chapel Hill Foundation Real Estate Holdings-Lease Agreement
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2025-460-E-Housing Dept-Chapel Hill Foundation Real Estate Holdings-Lease Agreement
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Last modified
7/31/2025 2:28:31 PM
Creation date
7/31/2025 2:28:20 PM
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Contract
Date
7/29/2025
Contract Starting Date
7/29/2025
Contract Ending Date
7/29/2025
Contract Document Type
Contract
Amount
$1.00
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4 <br /> <br /> <br />4. USE OF PREMISES <br />4.1. TENANTS USE Tenant shall use the leased premises solely for the purposes of <br />conducting business to support the viability and sustainability of the central business <br />district of the Town of Chapel Hill. Tenant shall occupy the leased premises for no <br />other purpose and such use and occupancy shall be in compliance with all applicable <br />laws, ordinances and governmental regulations. The Tenant agrees to conduct <br />continuously in the leased premises the business stated above. Landlord reserves the <br />right to adopt rules and regulations for the building provided such are uniformly <br />applied to and enforced against all tenants in the building as Landlord deems necessary <br />or desirable to ensure the good representation and good condition of the building for <br />all tenants. Tenant shall, additionally, provide office space to accommodate one staff <br />member of the Campus and Community Alcohol Harm Prevention Coalition <br /> <br />4.2. FIXTURES All fixtures installed by Tenant shall be new or high quality <br />antiques. Tenant shall not alter the Demised Premises, or any part thereof, and shall <br />not install or fix any sign, fixture or attachment on or visible from the exterior of the <br />Demised Premises, or on any other building located in or on the common areas of the <br />project, without first obtaining Landlord's written consent and complying in all respects <br />with all requirements contained in this lease. <br /> <br />4.3. QUALITY OF TENANT'S WORK All construction, renovation, additions, <br />alterations, or installations of fixtures or equipment shall be done in a good and <br />workmanlike manner of such high quality as to equal or exceed the quality of <br />construction performed by Landlord throughout the project. <br /> <br />5. PARKING AND COMMON USE AREAS AND FACILITIES <br />5.1. USE IN COMMON Landlord grants to Tenant, in common with other Tenants <br />and their agents, employees and customers and persons doing work for or business <br />with Tenants in the project the right to use the "common areas" consisting of the <br />pathways, sidewalks, entrances and exits and other areas and facilities designated by <br />Landlord for common use in the project and/or in the building containing the demised <br />premises. <br /> <br />5.2. CONTROL AND MANAGEMENT OF COMMON AREAS The common areas <br />shall be subject to the exclusive control and management of Landlord and Landlord <br />shall have the right to establish, modify, change and enforce reasonable rules and <br />regulations with respect to the common areas and Tenant agrees to abide by and <br />conform with such rules and regulations. Landlord shall have the right to close any part <br />of the common areas for such time as may, in the opinion of Landlord's counsel, be <br />necessary to prevent a dedication thereof, or the accrual of any rights in any person. <br /> <br />5.3. COMMON AREA CHARGES N.A. <br /> <br />Docusign Envelope ID: 1D68F173-6B6F-4424-9E87-2885D9C25A5C
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