11-28-2007 Council Agenda - Laserfiche WebLink

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9. Utilities: 10. Delivery of Premises: 11.Tenant Work: 12. Landlord Work: 13. Signage: 14. Early Termination: 15. Security Deposit: 16. Date for Receipt of Proposal: 17. Contingency: Tenant shall be responsible to pay for its own utilities, gas, electric, telephones over and above the rent and operating expenses. Tenant will also be responsible for maintaining the heating and cooling units at its own expense. The Landlord shall deliver the space in its present "as is" condition. The Tenant shall complete all work necessary for Tenant's specific use except for that work defined under Landlord work. Tenant's work shall be outlined and included as an exhibit in the Lease Agreement. All plans must be approved by Landlord prior to the commencement of construction. None. Tenant must submit its signage to the Landlord for approval. All signage must meet the sign criteria established for the center and must comply with city ordinances. Tenant will be allowed an early teiinination option. The option is available after year one (1), with sixty (60) days prior written notice and with the payment to Landlord of the early termination penalty as follows. If the early termination option is exercised in year 2 the penalty will be equal to three (3) months gross rent. If the early termination option is exercised in year 3 the penalty will be equal to two (2) months gross rent. If the early termination option is exercised in years 4 or 5 the penalty will be equal to one (1) months gross rent. The penalty is payable upon notice to Landlord of intent to exercise said option. One Month's gross rent. Please respond by Wednesday October 17, 2007 to this Request For proposal. The Landlord understands that the Tenant signing a lease at Thunder Bay Plaza is contingent upon Tenant receiving necessary governmental approvals from the city of Little Canada regarding the operation of Tenant's massage business in conjunction with the sales and manufacturing of Tenant's natural soaps, lotions and essential oils. Tenant will work diligently with the city of Little Canada to obtain such approvals. This proposal covers the business items of importance at this time and contingent upon space availability. This letter is not a binding agreement and is intended as mutual expression of Landlord and Tenant to negotiate in good faith with the intent of entering into a mutually satisfactory written lease agreement. If you are in agreement with the terms set forth above, please sign a copy of this letter and return it to me. Please contact me with any questions or comments. Sincerely, Agreed and Accepted: Jodi Walfoort Suntide Commercial Realty, Inc. 651- 209 -9628 By: (1 J1 /1 o QAi Its: .5 40 ;ice, J'ort. ff Uhri LL Date: O ° / Q7 — b 7