01-25-2021 Council Packet - Laserfiche WebLink

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(d) Basic Operating Costs. In addition to the foregoing Base Rent and amounts paid directly by Tenant, Tenant shall also reimburse Landlord for Tenant's Proportionate Share of the Basic Operating Costs as illustrated in Exhibit B. Landlord will provide Tenant billings for Tenant's Proportionate Share of Basic Operating Cost incurred by Landlord in the previous month or months. Tenant shall reimburse Landlord Tenant's Proportionate Share of the Basic Operating Costs within ten (10) days of receipt of the billings from Landlord. Landlord reserves the right to bill Tenant the cost of repair or replacement of any damage or injury resulting from Tenant's act or omission as set forth in Article 6(d), as such costs are incurred by Landlord. (e) Property Taxes. The parties agree and understand the Building is normally exempt from the payment of property taxes. However, Landlord makes no warranties or representations as to whether the Lease Premises are subject to property taxation because of the Lease, and Landlord has no obligation to take any action to seek exemption from property taxes for the Lease Premises. In the event any real estate taxes are assessed or charged by any government authority on or against the Leased Premises, tenant shall pay such property taxes as additional rent. Tenant shall also pay a Proportionate Share (as defined in paragraph (b) of this Section) of annual installments of special assessments now levied or hereafter pending or levied during the term of any Renewal Term of this Lease. Any real estate taxes payable in the year of termination of this Lease shall be paid in full for that entire year; but any installment of assessments as are assessed herein that are due and payable in the year of termination of this Lease shall be paid by Tenant for that portion of the Lease Year Tenant occupies the Leased Premises. Tenant shall have the right, in its or Landlord's name, or both, but at its own cost and expense to contest the validity of any taxes or assessments, by appropriate proceedings timely instituted, provided Tenant shall give Landlord written notice of its intention to do so, diligently prosecute any such contest, at any time, effectively stay or prevent any official or judicial sale of the Leased Premises under execution or otherwise satisfy any final judgment enforcing any tax or assessment so contested, and promptly procures record satisfaction thereof. Landlord shall, upon request of Tenant, cooperate fully with Tenant in any such proceedings, provided, however, Landlord shall not be liable for any expense in connection therewith and that Tenant shall indemnify Landlord against the same and all losses that may result therefrom. (f) Other Amounts Payable Directly by Tenant. It is the intention of the parties that Tenant shall be responsible for all costs associated with the operation of the Leased Premises as set forth herein. In addition to the costs payable by Tenant as set forth above, Tenant shall be responsible for paying the following: (1) Telecommunications. Tenant shall pay directly to the provider all costs and expenses of telephone and telecommunication services and all other services, Tenant contracts for in its own name. (2) Insurance Expense. Tenant shall pay all costs of obtaining and carrying the insurance for which Tenant is obligated to maintain pursuant to Article 8. 4