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Charlotte E. Walker 1/9/2026
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Charlotte E. Walker 1/9/2026
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Last modified
2/4/2026 4:23:30 PM
Creation date
2/4/2026 4:14:08 PM
Metadata
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Template:
Contracts
Contractor's Name
Charlotte E. Walker
Approval Date
1/9/2026
Council Approval Date
10/29/2025
Department
Facilities & Property Management
Department Project Manager
Paul McKee
Subject / Project Title
Lease Assignment and Assumption associated with purchase of 3310 Paine Avenue
Tracking Number
0005102
Total Compensation
$0.00
Contract Type
Real Property
Contract Subtype
Other Real Property
Retention Period
10 Years Then Transfer to State Archivist
Imported from EPIC
No
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Exhibit A to Lease Assignment and Assumption <br />If Landlord fails to cure the default as specified in any written notice provided for above, Tenant, <br />without waiving any of its rights or remedies hereunder, shall have the option to: <br />(i) Cure the default and/or take remedial action and deduct the costs <br />thereof from rent or other charges payable by Tenant to Landlord under the terms of this Lease <br />until the cost ofremediation is fully reimbursed to Tenant; or <br />(ii) Terminate this Lease upon written notice to Landlord; or <br />(iii) Pursue any and all other rights or remedies available at law or in <br />equity with respect to the default. <br />Landlord shall pay to Tenant the remaining balance of any unreimbursed cost of remediation at <br />the expiration of the Lease term. If Tenant elects to terminate this Lease, in the event of a <br />default by landlord, any unreimbursed cost of remecliation, unearned rent or any other expenses <br />paid to Landlord, along with Tenant's security deposit (if any), shall be returned to Tenant within <br />thirty (30) days of the effective date of said termination. <br />18. Landlord's Financing. This Lease shall automatically be subordinate to any <br />deed of trust, mortgage and other security instruments now existing or hereafter placed on the <br />Premises or any part thereof by Landlord and all advances made or to be made thereunder. <br />Within fifteen (15) days of written notice therefor, Tenant shall execute, acknowledge, and <br />deliver to Landlord (i) any reasonable subordination or nondisturbance agreement or other <br />instrument that Landlord may reasonably require to carry out the provisions of this Section, and <br />(if) any reasonable estoppel certificate requested by Landlord, with any such mortgagee or <br />beneficiary certifying in writing, if such be true, that Tenant shall be in occupancy and that the <br />Lease is in full force and effect, and the dates to which the rent and other charges shall have been <br />paid, and that there shall be no rental offsets or claims. <br />19. Signs. Notwithstanding anything to the contrary in this Lease, Tenant may place <br />commercially appropriate signs upon the Premises with Landlord's prior written consent as to <br />the size and the "mounting method", with such consent not to be unreasonably withheld or <br />delayed. Notwithstanding anything to the contrary, such signage must be in conformance with <br />all applicable governmental codes. Further, Tenant shall be required to remove any signage at the <br />termination of the Lease and repair any damage to the Premises, including, without limitation, <br />the exterior walls. <br />20. Miscellaneous, <br />20.1 Waivers. No waiver by either party of any provision of this Lease shall <br />be deemed to be a waiver of any other provision hereof or of any subsequent breach by the other <br />party of the same or any other provision, and such waiver must be in writing. Landlord's consent <br />to or approval of any act by Tenant requiring Landlord's consent or approval shall not be deemed <br />to render unnecessary the obtaining of Landlord's consent to or approval of any subsequent act <br />by Tenant, whether or not similar to the act so consented to or approved. <br />13 <br />initi <br />Initial <br />
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