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Jasmine's Coffee LLC 5/10/2021
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Jasmine's Coffee LLC 5/10/2021
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Last modified
5/21/2021 10:59:43 AM
Creation date
5/21/2021 10:58:46 AM
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Contracts
Contractor's Name
Jasmine's Coffee LLC
Approval Date
5/10/2021
Council Approval Date
5/5/2021
End Date
12/31/2026
Department
Facilities
Department Project Manager
Darcie Byrd
Subject / Project Title
Everett Station Lease Agreement
Tracking Number
0002921
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Lease
Retention Period
6 Years Then Destroy
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3. TERM. The term of this Lease is for the Term stated in Section 1 of this Lease. The <br /> terms and conditions of one or more Extension Terms, if any, are provided in the attached <br /> Exhibit C. <br /> (a) If Landlord cannot deliver possession of the Leased Premises for any <br /> reason at the commencement of the Term, such non-delivery will not (i) cause Landlord liability <br /> for damages, (ii) cause the Lease to become void or voidable, or (iii) cause the Term to be <br /> extended. However, in such event Tenant will not be liable for rent until Landlord can deliver <br /> possession,and if possession is delayed by over ninety(90)days,Tenant may terminate this Lease <br /> by written notice to Landlord, so long as the written notice is delivered to Landlord prior to <br /> delivery of possession of the Leased Premises to Tenant. <br /> (b) The Lease may be terminated by Landlord pursuant to its Special <br /> Termination Right set forth in Section 1 above, in addition to any other termination rights that <br /> may be contained in this Lease. <br /> 4. RENT. During the term of this Lease, Tenant shall pay the Base Rent by the first <br /> day of each calendar month of the Term to: <br /> Treasurer <br /> City of Everett <br /> 2930 Wetmore Avenue <br /> Everett, WA 98201 <br /> or such other place as Landlord may from time to time designate in writing. Tenant shall also pay <br /> to Landlord items described as "Additional Rent" in this Lease, including, without limitation, <br /> Leasehold Excise Tax (as defined below). If any rent is, at any time, five (5) or more days past <br /> due, Tenant shall pay a late charge equal to ten percent (10%) of the past due rent. In addition, <br /> interest will accrue on the past due amount from the date due until paid in full at a per annum <br /> rate,which is the lesser of the highest interest rate permitted by applicable law or twelve percent <br /> (12%) per annum (the "Default Rate"). Tenant shall make all rent payments without deduction <br /> or offset. Rent for partial months, if any occur, will be prorated. <br /> 5. USE. Tenant shall use the Leased Premises only for the Approved Use stated in <br /> Section 1. Tenant shall not use or permit the use of the Leased Premises for any other use <br /> without the prior written consent of Landlord, which may be withheld at Landlord's sole <br /> discretion. Tenant shall abide by the rules and regulations governing the Leased Premises or the <br /> Building that may be made by Landlord from time to time, including, without limitation, those <br /> described in Section 1 above. Tenant shall use reasonable methods to induce customers, clients <br /> and all persons invited by Tenant to observe such rules and regulations. <br /> 6. COMPLIANCE WITH LAW. Tenant shall not do anything or suffer anything to be <br /> done in or about the Leased Premises which will in any way violate or conflict with any <br /> 4 <br />
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