|
additional rent shall be paid and prorated on a thirty (30) day month, based on the actual number of days the State
<br />occupies the premises following the effective date of termination.
<br />Rent 4. Rental payments shall be paid by the State, from legally available funds and subject to the California
<br />Constitution, in arrears on the last day of each month during said term as follows:
<br />Base Rent: $17,989.40
<br />Operating Costs: $676.40
<br />Total: $18,665.80
<br />EIGHTEEN THOUSAND SIX HUNDRED SIXTY-FIVE AND 80/100 DOLLARS
<br />($18,665.80) from October 1, 2018, through June 30, 2019; then
<br />Base Rent: $18,529.08
<br />Operating Costs: $696.70
<br />Total: $19,225.78
<br />NINETEEN THOUSAND TWO HUNDRED TWENTY-FIVE AND 78/100 DOLLARS
<br />($19,225.78) from July 1, 2019, through June 30, 2020; then
<br />Base Rent: $19,084.95
<br />Operating Costs: $717.60
<br />Total: $19,802.55
<br />NINETEEN THOUSAND EIGHT HUNDRED TWO AND 551100 DOLLARS
<br />($19,802.55) from July 1, 2020, through June 30, 2021; then
<br />Base Rent: $19,657.50
<br />Operating Costs: $739.13
<br />Total: $20,396.63
<br />TWENTY THOUSAND THREE HUNDRED NINETY-SIX AND 63/100 DOLLARS
<br />($20,396.63) from July 1, 2021, through June 30, 2022; then
<br />Base Rent: $20,247.23
<br />Operating Costs: $761.29
<br />Total: $21,008.52
<br />TWENTY-ONE THOUSAND EIGHT AND 52/100 DOLLARS
<br />($21,008.52) from July 1, 2022, through June 30, 2023; and thereafter.
<br />Rental payable hereunder for any period of time less than one month shall be determined by prorating the monthly
<br />rental herein specified based on the actual number of days in the month. Rental shall be paid to Sublessor at the address
<br />specified in Paragraph 5 or to such other address as the Sublessor may designate by a notice in writing. If the premises
<br />are not complete pursuant to Paragraph 6 by the date shown in Paragraph 2, it is understood and agreed by and between
<br />the parties that, at the State's sole option, the dates shown in Paragraphs 2 and 3 and the dates and dollar amounts shown
<br />in paragraph 4 may be adjusted to the fast of the month following the State's acceptance of the completed premises, such
<br />acceptance shall not unreasonably be withheld. If the State exercises this option, it is agreed the State will complete
<br />unilaterally an amendment to the sublease to revise the herein above stated dates. Any accrued rents for the period of
<br />time prior to the unilaterally adjusted commencement date will be paid in accordance with Paragraph 8. Additionally,
<br />it is understood and agreed between the parties that, at the State's option, the dates shown in the "CPI Escalator Operating
<br />Expenses" paragraph, if incorporated herein, shall be adjusted to reflect the time delay between sublease commencement
<br />and the first of the month following the actual acceptance date.
<br />Notices 5. All notices and correspondence herein provided to be given, or which may be given by either party to the other,
<br />shall be deemed to have been fully given when made in writing and either: 1) deposited in the United States Mail,
<br />certified and postage prepaid; or 2) sent via an alternate commercial overnight delivery service (i.e. FedEx or similar)
<br />with receiver's signature required; and addressed as follows:
<br />t
<br />To the Sublessor
<br />rta Arta -..
<br />anchez
<br />-<. Page - 2 "EDD Stand&
<br />Sublease'— (Rev,-4/19)
<br />
|