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4929 EVERGREEN WAY 911 DRIVING SCHOOL 2016-01-01 MF Import
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4929 EVERGREEN WAY 911 DRIVING SCHOOL 2016-01-01 MF Import
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Last modified
2/9/2017 6:34:32 PM
Creation date
2/9/2017 6:34:22 PM
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Address Document
Street Name
EVERGREEN WAY
Street Number
4929
Tenant Name
911 DRIVING SCHOOL
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( <br /> 12.3 Abatement of Rent. If tiie Yremises are destroyed or damaeed anc; <br /> Landlord repairs or restores them under this section, Tenant shall continue die op::ration of this <br /> business in the Premises to the extent reasonably practicable, and the rent payable hereunder for <br /> tUe period during which such damage, repair or restoretion continues shall be abated in <br /> proportion to the propoition of usable Premises spacc compared to ,he total Yremises space. "l i�e <br /> Tenant shall have no claim against Landlord for any damage sufferetl by Tenant oy reason o�' <br /> such damage, destruction,repair or restoration. <br /> 12.4 Definitiou of "Substantial." For the purpose of +hia S�rtirn 12, <br /> "substantial" damage to the Premises shall mean damage to the Premi>e. tLe e�,iima:�.i cost of <br /> repa;r of which exceeds thirty percent (30%) of the then estima!ed ieplac�men: �osi of the <br /> improvements to the Premises. The good faith determination by Landlord of the estimated cost <br /> of repair and replacement cost shall be prima facie evidence for the purpose of this Section. <br /> 13. ASSIGNMENT AND SUBLETTING�. Tenant shall not either voluntarily or by <br /> operation of law assign, se;l, or othenvise transter this leasc or any of Tenant's rights hereunder, <br /> or sublet the Premises or any portion thereof without Landlord's written consent in each instance, <br /> which shall be at the Landlord's sole discretion. If Ten�int is a corporation or association, the <br /> sale or assignment of any stock or interest in such cor��oration or association (for other than <br /> security purposes) in the aggegate in excess of forty-five percent (45%) in any two-year period, <br /> shall be deemed an assignment within the meariing and provisions oPthis Section. Tenant agrees <br /> to reimburse Landlord for Landlord's reasonable costs and attorney's fees incurred wiih the <br /> documeatation of such assignment subletting or other transfer of this lease or Tenant's interest in <br /> and to the Premises. <br /> 14. CONDEMNATION. <br /> 14.1 Entire or Substantial Takine. If the entire Yremises, or so mucL thereof <br /> as to make the balance not reasonably adequate for the co��duct of Tenant's business <br /> (notwidistlnding restoration by Landlord as herein provided) shall be taken under the power of <br /> eminent domain, this lease shall automatically terminate on :he date the condemning authority <br /> takes possession. <br /> 14.2 Partial Takins. In the event �f any taking under the power of eminent <br /> domain which does not so result in a termination of diis ]ease, the monthly rental payable <br /> hereunder shall be reduced, effective on the date the condemning authority takes possession, in <br /> the same portion as the value of the Premises after the taking relates to the value of the Premises <br /> prior to tUe taking. Landlord shall promptly, at its sole expense, resrore the portion of the <br /> Premises not taken to as near its former condition as is reasonably possible, and this lease shall <br /> continuc in full force and effect. <br /> 14.3 Awards. Any award for taking of all or any part of the Premises under the <br /> power of eminent domain shall be the property of the Landlord, �vhether such award shall be <br /> made as compensation for diminution in value of the leasehold or for taking of the fee. Nothing <br /> herein, however, shall be deemed to preclude Tenant from obtaining, or to give Landlord any <br /> interest in, any award to Tenant for loss of or damage to or cost of removal of Tenant's trade <br /> 8 i <br /> I.SCHREIBER COp1MERCIAL LGASE i <br />
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