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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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10 <br /> <br />repair or improvement of the demised premises to execute as part of his contract an <br />agreement limiting his lien rights to the Tenant’s leasehold estate, in substantially the <br />following form: "The undersigned having contracted on behalf of the Tenant to perform <br />certain work on the premises located at 128 E. Franklin Street, Suite 240, Chapel Hill, <br />NC, on behalf of the Tenant, hereby acknowledges and concedes that the work has not <br />been contracted by or at the direction of the Landlord/Owner of the property, and <br />further covenants and agrees that any and all materialman or labor liens to which the <br />undersigned may be entitled shall constitute an encumbrance against the Tenant’s <br />leasehold estate only, and specifically releases or waives any claim against the real <br />property or Landlord’s interest therein." <br /> <br />9.6. PLANS FURNISHED Whenever Tenant proposes to do any construction <br />work within the Demised Premises, it shall first furnish to Landlord plans and <br />specifications in such detail as Landlord may request covering all such work, and no <br />work shall be commenced without prior approval by Landlord and by the appropriate <br />department of the Town of Chapel Hill. <br /> <br />9.7. LANDLORD'S PROPERTY All additions, alterations, fixtures and <br />improvements (including but not limited to additional heating and air conditioning units <br />installed by Tenant) shall become the property of Landlord and be surrendered with <br />the premises at the termination of this lease. Tenant shall have the right to remove or <br />replace its unattached movable trade fixtures, provided Tenant repairs any damage <br />caused by such removal. <br /> <br />10. ACCESS BY LANDLORD Landlord or Landlord's agents shall have the right to enter the <br />leased premises at reasonable times to examine the same, and to show them to prospective <br />purchasers or lessees of the building, and to make such repairs, alterations, improvements <br />or additions as Landlord may deem reasonably necessary or desirable. During the last four <br />months of the lease term, Landlord may post “for rent” signs on the premises. Tenant shall <br />furnish Landlord an extra key to the leased premises. If Tenant shall not be personally <br />present to open and permit an entry into said premises, at anytime, when for any reason an <br />entry therein shall be necessary or permissible, Landlord or Landlord's agent may enter the <br />same by Tenant’s key or master key, or in the event of an emergency may forcibly enter the <br />same, without rendering Landlord or such agents liable therefore, and without in any <br />manner affecting the obligations and covenants of this lease. <br /> <br />11. DESTRUCTION OF LEASED PREMISES If the leased premises shall be damaged by fire, the <br />elements, unavoidable accident or other casualty, but are not thereby rendered untenable <br />in whole or in part, Landlord shall promptly at its own expense cause such damage to be <br />repaired, and the rent shall not be abated; if by reason of such occurrence, the premises <br />shall be rendered untenable only in part, Landlord shall promptly at its own expense cause <br />such damage to be repaired, and the minimum rent meanwhile shall be abated <br />proportionately as to the portion of the premises rendered untenable; if by reason of such <br />occurrence the premises shall be rendered wholly untenable, Landlord shall promptly at its <br />Docusign Envelope ID: 1D68F173-6B6F-4424-9E87-2885D9C25A5C
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