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Q; Mindy LY
<br />PWA(S )
<br />College Park Plaza
<br />City of Santa Ana
<br />COMMERCIAL LEASE AGREEMENT
<br />In consideration of the covenants herein, the City of Santa Ana, a charter city and municipal
<br />corporation organized and existing under the Constitution and laws of the State of California
<br />{"LANDLORD") hereby teases to RodofloLames dbe Rey Income Tax (`TENANT') the following
<br />premises, 1111 North Bristol Road Suite L ,Santa Ana. CA (the "Pramises").
<br />LANDLORD and TENANT now covenant and agree that the following terms and conditions shall govern
<br />this Lease.
<br />TERM. The term begins on November 1 2016 and ends on November 30 2016 and thereafter
<br />shalt continue on a month-to-month basis until either TENANT or LANDLORD provide notice in
<br />writing 30 days prior to the date of its Intent to terminate the lease.
<br />2, RENT. "Rent" shall mean all monetary obligations of TENANT to LANDLORD under the terms of
<br />this Lease, except security deposit. TENANT shall pay to LANDLORD, without deduction or offset, Base
<br />Rent at the rate of $700A0 per month for the term of the agreement. Tenant has prepaid November's rent
<br />of $700.00 which LANDLORD has obtained from the prior owner(s) of the property. Tenant shall pay rent
<br />of $700.00 for the month of December, 2010, Rent Is to be paid to Landlord in either cashier's check or
<br />money order made payable to the "City of Santa Ana' at its address set forth in Paragraph 28 of this
<br />Lease or at any other place designated in writing by Landlord from time to time. Rent payments shall be
<br />due on the 1st day of each month.
<br />3. UTILITIES,
<br />TENANT shall pay for all gas sarvloe, electrical services, telephone services, telecom services,
<br />and other utilities and services provided to the Premises during the term of the lease until TENANT
<br />vacates the property. LANDLORD shall pay for water service. TENANT will terminate any and all
<br />accounts for said services when Lessee vacates property.
<br />4. SECURITY p ,f?OS . (CHECK ONLY ONE)
<br />❑ TENANT shall pay to LANDLORD a security deposit of $0 U.S. dollars upon TENANT's
<br />execution of this Lease.
<br />o TENANT has on deposit with LANDLORD a security deposit of $1,300,0 U.S. dollars, {
<br />which LANDLORD has obtained from the prior owner(s) of the property. r
<br />«i
<br />Said security deposit shall be held as security for TENANT's performance hereunder and refunded to
<br />TENANT without interest at the end of this Lease, subject to TENANT's satisfactory compliance with the
<br />eandlllons hereof. TENANT may not apply the security deposit to any payment due under the Lease. In
<br />the event of any default or breach of this Lease by TENANT, however, LANDLORD may elect to apply
<br />the security deposit first to any un -amortized Improvements completed for TENANT's occupancy, then to
<br />offset any outstanding Invoice or other payment due to LANDLORD, and then to outstanding Rent. If all or
<br />any portion of the security deposit Is applied to cure a default or breach during the term of this Lease,
<br />TENANT shall restore geld deposit to its full amount within 3 days following receipt of written demand.
<br />TENANT's failure to remit the full security deposit (when required) or any portion thereof, or to restore
<br />said deposit when due shall constitute a substantial Lease default.
<br />Within 30 days after the termination of this Lease and Tenant's vacation of the Premises, LANDLORD
<br />shall: (1) furnish Tenant an itemized statement indicating the amount of security deposit received and the
<br />basis for its disposition, and (11) return any remaining portion of security deposit to TENANT.
<br />5. LATE CHARGE: INTEREST: NSF CHECKS. TENANT acknowledges that either late payment of
<br />rent or Issuance of a Non -Sufficient Funds (NSF) check may cause LANDLORD to incur costs and
<br />expenses, the exact amount of which are extremely difficult and impractical to determine. These costs
<br />may Include, but are not limited to, processing, enforcement and accounting expenses, and late charges
<br />Imposed on LANDLORD. If any installment of Rent due from TENANT Is not received by LANDLORD
<br />within 6 calendar days after date due, or if a check Is returned NSF, TENANT shall pay LANDLORD,
<br />respectively, a fee of 10% of the rental rate for late charges, and $25.00 as a NSF fee, any of which shall
<br />be deemed additional Rent. LANDLORD and TENANT agree that these charges represent a fair and
<br />reasonable estimate of the costs LANDLORD may incur by reason of TENANT's late or NSF payment.
<br />Any late charge, Interest, or NSF fee due shall be paid immediately upon demand. LANDLORD's
<br />acceptance of any late charge, Interest or NSF fee shall not constitute a waiver as to any default of
<br />TENANT. LANDLORD's right to collect a fate charge, interest or NSF fee shall not be deemed an
<br />extension of the dale Rent Is due under Paragraph 2, or prevent LANDLORD from exercising any other
<br />rights and remedies under this Lease and as provided by law.
<br />6. TERMINATJQN, This Lease may be terminated at any time by LANDLORD or TENANT upon
<br />thirty (30) days' prior written notice. Such notice shall be deemed given upon the malting thereof, postage
<br />prepaid, to the other party at the address set forth below. Neither the termination provision of this
<br />Paragraph 6 nor the term of this Lease as set forth in Paragraph 1 above shall be relevant or affect
<br />1-p., fttY,.—P\I Servku
<br />N-2016-195
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