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Swamp Creek & Western Railroad Association 5/25/2023
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Swamp Creek & Western Railroad Association 5/25/2023
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Last modified
6/2/2023 10:37:55 AM
Creation date
6/2/2023 10:37:13 AM
Metadata
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Contracts
Contractor's Name
Swamp Creek & Western Railroad Association
Approval Date
5/25/2023
Council Approval Date
5/17/2023
End Date
5/17/2028
Department
Real Property
Department Project Manager
Darcie Byrd
Subject / Project Title
Train Museum Lease at Everett Station
Tracking Number
0003687
Total Compensation
$31,101.72
Contract Type
Real Property
Contract Subtype
Leases
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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from and after the date of assignment. Regardless of Landlord's consent, no subletting or <br /> assignment shall release Tenant of Tenant's obligation or alter the primary liability of Tenant to <br /> pay rent and to perform all other obligations to be performed by Tenant under this Lease. <br /> Acceptance of rent by Landlord from any person other than Tenant will not be deemed to be a <br /> waiver by Landlord of any provision of this Lease. Consent to one assignment or subletting will <br /> not be deemed consent to any subsequent assignment or subletting. Whether or not Landlord <br /> consents to any proposed assignment of this Lease, Tenant shall pay Landlord's reasonable <br /> review and processing fees, as well as any reasonable professional fees (including, without <br /> limitation, attorneys', accountants', architects', engineers' and consultants' fees) incurred by <br /> Landlord not to be less than two thousand five hundred dollars ($2,500), within thirty (30) days <br /> after demand by Landlord. <br /> (b) Assignment by Landlord. Landlord shall have the right to assign and <br /> transfer, in whole or in part, its rights and obligations under this Lease and in any and all of the <br /> Building and the real property upon which it is situated. If Landlord so assigns this Lease or sells <br /> or transfers any or all of the Building, Landlord shall, upon consummation of such assignment or <br /> transfer be released automatically from any liability under this Lease for obligations to be <br /> performed or observed after the date of the assignment or transfer. After the effective date of <br /> the assignment or transfer, Tenant must look solely to Landlord's successor-in-interest for all <br /> liability and obligations hereunder. <br /> 14. SURRENDER OF LEASED PREMISES. <br /> (a) Surrender. Tenant shall, at the expiration or earlier termination of this <br /> Lease, surrender and deliver the Leased Premises to Landlord (i) in as good condition as when <br /> received by Tenant from Landlord or as later improved, reasonable use and wear excepted, and <br /> (ii) free from any tenancy or occupancy by any person. <br /> (b) Removal of Property. Upon the expiration or earlier termination of this <br /> Lease, Tenant may remove its personal property, office supplies and office furniture and <br /> equipment if (i) such items are readily moveable and are not attached to the Leased Premises; <br /> (ii) such removal is completed prior to the expiration or earlier termination of this Lease; and <br /> (iii) Tenant immediately repairs all damage caused by or resulting from such removal. With the <br /> exception of those improvements listed under Exhibit F "Tenant Installations", all other Tenant <br /> Alterations shall become the property of Landlord and shall remain upon and be surrendered <br /> with the Leased Premises, unless Landlord requires their removal. If removal is required, Tenant <br /> shall, at its sole cost and expense, remove all (or such portion as Landlord shall designate) of the <br /> Tenant Alterations, repair any damages resulting from such removal and return the Leased <br /> Premises to the same condition as existed prior to such Tenant Alterations. <br /> (c) Holding Over. If Tenant holds over after the expiration of the term of the <br /> Lease with Landlord's express prior written consent, which may be withheld at Landlord's sole <br /> discretion, such holding over will be construed as a tenancy from month-to-month on the terms <br /> and conditions set forth in this Lease, which tenancy may be terminated by either party upon at <br /> 7 <br />
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