09-22-1993 Additions - Laserfiche WebLink

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Thanksgiving Morning Christmas Eve Christmas Morning The Tenant's Proportionate Share of the Fixed Annual Minimum Rent during the term of this lease shall be payable by Tenant in equal monthly installments, without prior demand, on or before the first day of each month in advance, at the office of the Landlord or at such other place designated by Landlord, and without any deduction or set -off. The above - referenced CAM, Real Estate Taxes, Utilities, and Cleaning & Miscellaneous are estimates for the first fiscal year of this lease. At the end of the first fiscal year, the actual costs for CAM, Real Estate Taxes, Utilities, Cleaning & Miscellaneous will be determined, and to the extent that the total of these items exceed the sum of $9.62 per square foot, then the amount by which such items exceeded $9.62 per square foot will be added to the charges for such items for the subsequent lease year. If the total of these items are less than the sum of $9.62 per square foot, then the amount by which such items are less than $9.62 per square foot will be subtracted from the charges for the subsequent lease year. It is the intent that this lease will be a net lease for the first four years through the ability to adjust the expenses of each lease year in the following year. Fixed Annual Minimum Rent in the fifth year will be based on estimated expenses and will not be subject to subsequent adjustment. The following additional terms and conditions shall apply to the calculation of various components of the Fixed Annual Minimum Rent: Base Rent: The Base Rent will be adjusted by Landlord on the anniversary of the Lease Commencement Date each year to correspond to changes in the Consumer Price Index. CAM: This is the Common Area Maintenance charge which is divided pro rata among all tenants. It basically provides for the maintenance of all of the premises outside of the actual demised premises. It includes, but is not limited to, such items as the following: snow removal, grass cutting, mall window cleaning, parking lot and pylon sign maintenance, maintenance and cleaning of the mall itself, public bathroom cleaning and supplies, management fees, mall utilities, insurance, muzak, mall plants, sprinkler system water and maintenance, parking lot maintenance, etc. This amount is budgeted every year, with the tenants paying an estimated amount until the actual amounts are determined, and then adjustments are made so that the charges reflect the actual pro -rata cost for each tenant as described above. Real Estate Taxes: Includes the actual real estate taxes and assessments for the Marketplace Shopping Center. Each tenant pays its pro -rata share. This amount is estimated at the beginning of the year and then corrected to actual when the actual tax bills arrive and adjusted as described above. Utilities: Includes heat, air conditioning, water and sewer. It would also include any repairs necessary to the HVAC units. sadoft\wp \mkplcas.2 4 Page 15