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AIRCR�
<br />STANDARD INDUSTRIAL/COMMERCIAL SINGLE -TENANT LEASE - GROSS
<br />(DO NOT USE THIS FORM FOR MULTI -TENANT BUILDINGS)
<br />1. Basic Provisions ("Basic Provisions").
<br />1.1 Parties. This Lease("Lease"),dated for referencepurposesonly March 19. 2020 ,ismadebyandbetween Rick D Kagasoff
<br />("Lessor")and City of SartLa Ana ("Lessee"), (collectively the"Parties," orindividually a"Party").
<br />1.2 Premises: That certain real property, including all improvements therein or to be provided by Lessor under the terms of this Lease, commonly known as
<br />(street address, city, state, zip): ("Premises"). The Premises are located in the
<br />County of Orange , and are generally described as (describe briefly the nature of the property and, A applicable, the "Project," ifthe property is located
<br />withina Project): an industrial building consisting of approximately 6,500 square feet .(Seealso
<br />Paragraph 2)
<br />1.3 Term: 3 yearsand 0 months("Original Term"] commencing 5/1/2020 ("Commencement Date")and ending
<br />4 / 3 0 / 2 02 3 ("Expiration Date"). (See also Paragraph 3)
<br />L4 Early posessiom If the Premises are available Lessee may have non-exclusive possession of the Premises commencing _ ("Early
<br />Possession Date'). (See also Paragraphs 3.2 and 3.3)
<br />LS Base Rerrt $ 5 , 100 . 00 per month ("Base Rent"), payable on the 1st day of each month commencing 5 / 1 / 2020 . (See also
<br />Paragraph 4)
<br />V If this box is checked, there are provisions in this Lease forthe Base Rem to be adjusted. See Paragraph
<br />1.6 Base Rent and Other Monies Paid Upon Execution:
<br />(a) Base Rem: _ .JQ fortheperiod 5/1/2020-5/31/2020
<br />(b) Security Deposit ("SecurityDeposit"). (See also Paragraph 5)
<br />(c) Association Fees: for the period
<br />(d) Other: for
<br />(e) Total Due Upon Execution of this Lease: $5, 100.00
<br />1.7 Agreed Use: . (See also Paragraph 6)
<br />L8 Insuring Party. Lessor is the "Insuring Party". The annual "Base Premium" is (See also Paragraph 8)
<br />1.9 Real Estate Brokers. (See also Paragraph 1S and 25)
<br />(a) Representation: The following real estate brokers(the "Brokers") and brokerage relationships exist in this transaction (check applicable boxes):
<br />El
<br />represents Lessor exclusively ("lessors Broker");
<br />❑ I -- represents Lessee exclusively ("lessee's Broker"); or
<br />F l 1 represents both Lessor and Lessee ("Dual Agency").
<br />(b) Payment to Brokers: Upon execution and delivery of this Lease by both Parties, Lessor shall pay to the Brokers the brokerage fee agreed to in a
<br />separate written agreement (or ifthem is no such agreement, the sum of or % of the total Base Rent) for the brokerage services rendered
<br />by the Broken.
<br />1.10 Guarantor, The obligations of the Lessee under this Lease are to be guaranteed by ("Guarantor"). (See also Paragraph 37)
<br />1.11 Attachments. Attached hereto are the following, all of which constitute a part of this Lease:
<br />Van Addendum consisting of Paragraphs 48, 51 through 53
<br />I❑ a plot plan depicting the Premises;
<br />L� a current set of the Rules and Regulations;
<br />C a Work Letter;
<br />other (specify):
<br />L Premises.
<br />2.1 Letting. Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the Premises, for the term, at the rental, and upon all of the terms,
<br />covenants and conditions set forth in this Lease. While the approximate square footage of the Premises may have been used in the marketing of the Premises for
<br />purposes of comparison, the Base Rent stated herein is NOT tied to square footage and is not subject to adjustment should the actual size be determined to be
<br />different. NOTE: Lessee is advised to verify the actual size prior to executing this Lease.
<br />2.2 CoMition. Lessor shall deliver the Premises to Lessee broom clean and free of debris on the Commencement Date or the Early Possession Date, whichever
<br />first occurs ("Start Date"), and, so long as the required service contracts described in Paragraph 7.1(b) below are obtained by Lessee and in effect within thirty days
<br />following the Start Date, warrants that the existing electrical, plumbing, fire sprinkler, lighting, heating, ventilating and air conditioning systems ("KVAC"), loading
<br />doors, sump pumps, if any, and all other such elements in the Premises, other than those constructed by Lessee, shall be in good operating condition on said date and
<br />that the surface and structural elements of the roof, bearing walls and foundation of any buildings on the Premises (the "Building") shall be free of material defects,
<br />and that the Unit does not contain hazardous levels of any mold or fungi defined as toxic under applicable state or federal law. If a non-compliance with said warranty
<br />exists as of the Start Date, or if one of such systems or elements should malfunction or fail within the appropriate warranty period, Lessor shall, as Lessor's sole
<br />obligation with respect to such matter, except as otherwise provided in this Lease, promptly after receipt of written notice from Lessee setting forth with specificity
<br />j1hen and extent of such non-compliance, malfunction or failure, rectify same at Lessor's expense. The warranty periods shall be as follows: (1) 6 months as to
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<br />INITIALS Last Edited: 3/18/2020 6:28 PM INITIALS
<br />© 2017 AIR CRE. All Rights Reserved. STG-27.20, Revised 11-01-2017
<br />25D-3
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