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AIRCRS
<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 reference purposes only March 15, 2021 .is made by and between Rick D Kagasoff ("Lessor") and
<br />City of Santa Ana ("Lessee"), (collectively the "Parties," or individually 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 County of Orange , and are
<br />generally described as (describe briefly the nature ofthe property and , if applicable, the "Project," ifthe property is located within a Project): an industrial
<br />building consisting of approximately 6.500 square feet . (See also paragraph 2)
<br />1.3 Term: J3 years and _0 months ("Original Term") commencing 5/1/2021 ("Commencement Date") and ending 4/30/2024
<br />("Expiration Date"). (See also Paragraph 3)
<br />1.4 Early Possession: Ifthe Premises are available Lessee may have non-exclusive possession ofthe Premises commencing 4/15/2021 @ $176.67 per
<br />day (16 days = $2,826.72) ("Early Possession Date"). (See also Paragraphs 3.2 and 3.3)
<br />1.5 Base Rent: $5.300.00 per month ("Base Rent"), payable on the 1st day of each month commencing 5/1/2021 . (See also Paragraph 4)
<br />ftt! if this box is checked, there are provisions in this Lease for the Base Rent to be adjusted. See Paragraph 51 .
<br />1.6 Base Rent and Other Monies Paid Upon Execution:
<br />(a) Base Rent: $5,300.00 for the period 5/1/2021-5/31/2021 .
<br />(b) Security Deposit: $5,300.00 ("Security Deposit"). (See also Paragraph 5)
<br />(c) Association Fees: for the period .
<br />(d) Other: $2.826.72 for Early Possession .
<br />(e) Total Due Upon Execution of this Lease: $13,426.72 .
<br />1.7 Agreed Use: . (See also Paragraph 6)
<br />1.8 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 15 and 25)
<br />(a) Representation: The following real estate brokers (the "Brokers") and brokerage relationships exist in this transaction (check applicable boxes):
<br />I—I represents Lessor exclusively ("Lessor's Broker");
<br />I—I represents Lessee exclusively ("Lessee's Broker"); or
<br />I—I 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 if there is no such agreement, the sum of or % of the total Base Rent) for the brokerage services rendered by the Brokers.
<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 />o^ an Addendum consisting of Paragraphs 48, 51 through 55 ;
<br />'—: a plot plan depicting the Premises;
<br />I—I a current set of the Rules and Regulations;
<br />I—' a Work Letter;
<br />'—' other (specify): .
<br />2. 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 ofthe Premises may have been used in the marketing ofthe 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 Condition. 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 ("HVAC"), 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 />the nature and extent of such non-compliance, malfunction or failure, rectify same at Lessor's expense. The warranty periods shall be as follows: (i) 6 months as to
<br />the HVAC systems, and (ii) 30 days as to the remaining systems and other elements of the Building. If Lessee does not give Lessor the required notice within the
<br />appropriate warranty period, correction of any such non-compliance, malfunction or failure shall be the obligation of Lessee at Lessee's sole cost and expense, except
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<br />INITIALS Last Edited: 3/15/2021 4:52 PM INITIALS
<br />© 2017 AIR CRE. All Rights Reserved. STG-27.20, Revised 11-01-2017
<br />Exhibit 1
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