GREYHOUND LINES 1-2003 - Laserfiche WebLink

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DO NOT RECORD devoted. Tenant undertakes and agrees to use the Premises at all times in such manner as will not unreasonably interfere with the full use and enjoyment of the Property by Landlord and the public. (c) As a covenant to this Agreement, Tenant shall adhere to and comply with all responsibilities enumerated in Rider 1, attached hereto and incorporated herein. (d) Tenant must keep on file with the City of Santa Ana a copy of any agreements with any subsidiaries. Section 1.02 Term The term of this Agreement ("Term") shall be five (5) years commencing on October 1, 2003 ("Commencement Date") and terminating on September 30, 2008. Earlier termination of this Agreement shall be in conformance with Section 5.02. Notice of intent to vacate or termination of the landlord -tenant relationship is only valid with thirty (30) days prior written notice to the other party. Section 1.03 Rent (a) Tenant shall pay to Landlord total monthly compensation in the amount of $6,400.00. Said amount is comprised of monthly rent in the amount of $5,400.00 per month, plus $950.00 for common area maintenance fees. Rent will be due upon execution of this Agreement and thereafter on or before the 10th of each month, payable to "The City of Santa Ana" and remitted to: The Depot at Santa Ana, 1000 East Santa Ana Blvd., Suite 108, Santa Ana, CA 92701. A late charge of ten percent (10%) shall be applied after any payment hereunder is due but unpaid. In addition, one and a half percent (1 %%) interest per month shall be added for each month that payment hereunder is due but unpaid. (b) Greyhound's monthly rental payments shall be subject to an automatic adjustment increase in the 2nd and 4th years of the term. At the second year anniversary (Oct. 1, 2005) rent shall increase to $6,500.00 total, and at the 4th year anniversary (Oct. 1, 2007) the increase shall be an additional 1.5%. (c) Any holding over after the expiration of the Term, with the consent of Landlord, shall be construed to be an extension from month to month under the same terms and conditions herein specified, so far as applicable. Section 1.04 Non -Recording Neither party shall record this Agreement.