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ILLUMINATION FOUNDATION & DYER 18, LLC
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Last modified
7/14/2020 12:39:37 PM
Creation date
7/14/2020 12:32:19 PM
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Contracts
Company Name
ILLUMINATION FOUNDATION & DYER 18, LLC
Contract #
A-2020-131-01
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
6/16/2020
Expiration Date
7/12/2035
Destruction Year
2040
Notes
A-2020-130
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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 <br />—P P ff a" ad o%h,, H J.,.", other 'ban has- c,municted by Lessee, r hal! -,�d �P—ad'g a,A Hnn nn — d d'u., <br />_rAp,irp diiring the term of this 1 he raactfiirfinn of 2n ndd" I I thp P 'Id' g thp M VW d f h <br />wer�Fa6-iallDwb: <br />Los the Parna Ada—fWU tm f.My '01, 1 s,,, hall Wma the 09M to term nat, ilus 1 ease upon 24�- <br />diyL.WflKan-a0QCa301aLGOL <br />2.4 Acknowledgements. Lessee acknowledges that: (a) it has been given an opportunity to inspect and measure the Premises, (b) it has been advised by <br />Lessor and/or Brokers to satisfy itself with respect to the size and condition of the Premises (including but not limited to the electrical, HVAC and fire sprinkler <br />systems, security, environmental aspects, and compliance with Applicable Requirements and the Americans with Disabilities Act), and their suitability for Lessee's <br />Intended use, (c) lessee has made such investigation as it deems necessary with reference to such matters and assumes all responsibility therefor as the same relate <br />to its occupancy of the Premises, (d) it is not relying on any representation as to the size of the Premises made by Brokers or Lessor, (e) the square footage of the <br />Premises was not material to Lessee's decision to lease the Premises and pay the Rent stated herein, and (f) neither Lessor, Lessor's agents, nor Broken have made <br />any oral or written representations or warranties with respect to said matters other than as set forth in this Lease. In addition, Lessor acknowledges that: (i) Brokers <br />have made no representations, promises or warranties concerning Lessee's ability to honor the Lease or suitability to occupy the Premises, and (ii) it is Lessor's sale <br />responsibility to investigate the financial capability and/or suitability of all proposed tenants. <br />2.5 Lessee as Prior Owner/Occupant. The warranties made by Lessor in Paragraph 2 shall be of no force or effect if immediately prior to the Start Date Lessee <br />was the owner or occupant of the Premises. In such event, Lessee shall be responsible for any necessary corrective work. <br />3. Term. <br />3.1 Term. The Commencement Date, Expiration Date and Original Term of this Lease are as specified in Paragraph 1.3. <br />3.2 Early Possession. Any provision herein granting Lessee Early Possession of the Premises is subject to and conditioned upon the Premises being available <br />for such possession prior to the Commencement Date. Any grant of Early Possession only conveys a non-exclusive right to occupy the Premises. If Lessee totally or <br />partially occupies the Premises prior to the Commencement Date, the obligation to pay Base Rent shall be abated for the period of such Early Possession. All other <br />terms of this Lease (including but not limited to the obligations to pay Real Property Taxes and insurance premiums and to maintain the Premises) shall be in effect <br />dud such period. Any such Early Possession shall not affect the Expiration Date. <br />NITIALS INITIALS <br />® 2019 AIR CRE. All Rights Reserved. Last Edited: 7/13/202010:35 AM <br />5TN-27.30, Revised 11-25-2019 Page 2 of 16 <br />
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