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Workforce Development Council 11/9/2016
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Workforce Development Council 11/9/2016
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Last modified
11/23/2016 9:50:10 AM
Creation date
11/23/2016 9:50:04 AM
Metadata
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Contracts
Contractor's Name
Workforce Development Council
Approval Date
11/9/2016
Council Approval Date
11/2/2016
End Date
4/30/2020
Department
Facilities
Department Project Manager
Mike Palacios
Subject / Project Title
Lease of Everett Station space
Tracking Number
0000346
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Lease
Retention Period
6 Years Then Destroy
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WITHHOLDING OF RENT PAYMENTS <br /> 23.If the Lessor fails to maintain the premises the Lessee may withhold ten percent(10%)of rent payments <br /> until such time as Lessor completes deficient maintenance,repair and/or improvements that may be required. Lessee <br /> shall provide Lessor with a list of deficient maintenance,repair and/or improvement items and notify Lessor that <br /> Lessee will withhold rent payment until deficient maintenance,repair and/or improvements have been completed. <br /> Lessee shall place all withheld rent payments in an interest bearing account. Withheld rent payments plus accrued <br /> interest will be remitted to Lessor after •- .•..-•• • . __•_ . . :- Lessee has verified that Lessor <br /> has satisfactorily completed all maintenance,repair and/or improvements.Nothing in this provision shall limit other <br /> remedies which may be available to Lessee under this Lease. <br /> CONDEMNATION <br /> 24. Entire Taking <br /> If all of the Premises,or such portions of the Premises or of the Building as may be required for the reasonable use <br /> of the Premises,are taken by eminent domain or under threat of eminent domain,this Lease shall automatically <br /> terminate as of the date title vests in the condemning authority and all Rent,Additional Rent and other payments <br /> shall be paid to that date. <br /> 24.1.Constructive Taking of Entire Premises <br /> In the event of a taking of a material part of,but less than all of the Building,where Lessor shall reasonably <br /> determine that the remaining portions of the Building cannot be economically and effectively used by it(whether on <br /> account of physical,economic,aesthetic or other reasons). Lessor shall forward a written notice to Lessee of such <br /> determination not more than thirty(30)days after the date of taking.The term of this Lease shall expire upon such <br /> date,as Lessor shall specify in such notice but not earlier than thirty(30)days after the date of such notice. <br /> 24.2.Partial Taking <br /> In case of taking of a part of the Premises,or a portion of the Building not required for the reasonable use of the <br /> Premises,then this Lease shall continue in full force and effect and the Rent shall be equitably reduced based on the <br /> proportion, if any,by which the floor area of the Premises is reduced,such Rent reduction to be effective as of the <br /> date title to such portion vests in the condemning authority, <br /> 24.3.Termination by Lessor <br /> In the event that title to a part of tile Building other than the Premises shall be so condemned or taken and if, in tile <br /> opinion of the Lessor,the Building should be restored in such a way as to alter the Premises materially,the Lessor <br /> may terminate this Lease and the term and estate hereby granted by notifying the Lessee of such termination within <br /> sixty(60)days following the date of vesting of title,and this Lease and the term and estate hereby granted shall <br /> expire on the date specified in the notice of termination,not less than sixty(60)days after the giving of such notice, <br /> as fully and completely as if such date were the date set for the expiration of the term of this Lease,and the Rent <br /> hereunder shall be apportioned as of such date. <br /> 24.4.Awards and Damages <br /> Lessor reserves all rights to damages to the Premises for any partial,constructive,or entire taking by eminent <br /> domain,and Lessee hereby assigns to Lessor any right Lessee may have to such damages or award,and Lessee shall <br /> make no claim against Lessor or the condemning authority for damages for termination of the leasehold interest. <br /> Lessee shall have the right,however,to claim and recover from the condemning authority compensation for any loss <br /> to which Lessee may be put for Lessee's moving expenses,business interruption or taking of Lessee's personal <br /> property(not including Lessee's leasehold interest),provided that such damages may be claimed only if they are <br /> awarded separately in the eminent domain proceedings and not out of or as part of the damages recoverable by <br /> Lessor. <br />
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