05-13-1987 Additions I - Laserfiche WebLink

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maintenance. Lessor shall have the right to estimate such expenses and bill Lessee monthly. Therefore, Lessor shall provide the Lessee with an accounting of such taxes, assessments, insur- ance premiums and maintenance shortly after the end of each calendar year during the lease term. Each party agrees to pay any shortage or overpayment to the other party, as the case may be, within sixty (60) days following the end of each calendar year. For purposes of this Lease, the following definitions apply: "Tax" means real estate taxes and special assessments assessed against the leased premises which become due and payable during the lease term. ii. "Insurance" means the premiums for insurance on the leased premises for fire, windstorm, extended coverage, loss of rents, and public liability. "Maintenance" means the cost of maintaining the sidewalks, alleys and passageways, snow removal, cleaning, repairing, striping, patching of the parking areas, supplies, administration costs of operating and maintaining the common areas, includ- ing cost of maintenance personnel, but excluding any charges attributable to the original cost of renovation or construction of the common areas. b. Lessee's prorata share should be a fraction, the numerator of which shall be the ground floor area of the leased premises and the denominator of which shall be the entire ground floor area of the building of which the leased premises are a part. 10. RESPONSIBILITY FOR DAMAGE TO PREMISES. The Lessee assumes responsibility for loss, damage, or injury to the lease- hold caused by its officers, employees, invitees or others while entering, within or departing from the leasehold in connection with the Lessee's activities, or by its occupancy of the lease- hold, other than by reasonable wear and tear. Upon the expiration or termination of this lease as provided herein, the Lessee shall return the property as remodeled and h.erein described to the Lessor. The Lessor and the Lessee agree that in consideration of any building improvements accruing to the Lessor's property from the Lessee's remodeling, and said agreement shall revert to the Lessor upon termination and no additional restoration upon termination is required. 11. MAINTENANCE OF THE LEASEHOLD. The Lessor shall be responsible for maintenance of the leased land and premises in good repair and in safe and not unsightly condition, subject to reimbursement by Lessee as provided in Paragraph 8. Page 9 -3-