Laserfiche WebLink
TAX E S �, <br /> � 3�. Lessee shall be liable tor�all �axe.s levied a� � <br /> ' and other oro ert 9�inst personal property, trade tir.'ures <br /> P y placed by Lessee in, on or about the demised premises, and Lessee shall <br /> pay all incmas�s in taxes levied or assessed against the land on v✓hich the building of � <br /> which the demised premises form a part, includ[ng the parking area, pror�ted on the basis <br /> that the number of square feet occupicd by Lessee in said building bears to the total num:.�er <br /> ot square feet in the entire building. The real estate taxes for the year 1970 shall be thc� <br /> base for computing any such increases in taxes to be paid by Lessee. <br /> RIG1iT f�P I;NTRY <br /> �3. I.essce shall be �illowed immedia�c entry to the premises to ni�ike� .,Iter,�tions and <br /> changes for Lessee's use. It is understood that 7,essce plrns to opci: for business on or <br /> �bout September ] , 1970 , and Lessor agre�s to ollow Lessee to have the (ull use of thr. <br /> premises rent free from th� date of execution of this lease until October 31 , 1970, as <br /> partial paymeM for Lessee's cost in remodelling the premises for Lessee's use. <br /> SPGCIAI. ALTERATIONS - <br /> 34. Lessor understands and agrees that I,essee shall have the right to install a 10,000 <br /> gallon underground tank and pump at the rear of Lessee's premises to be used for the storage <br /> and sale of paint thinner and to install a sunken loadtng dock at the rear of Lessce's <br /> premises. A 9 ft. x ]0 ft. o��enc�ad door is to be installed by I.essec in thr_ renr !vi!ci;; : <br /> wall to nllow truck-leval ]o��dinq into tha building from the sunken dock. S�iid do�k to ;,, <br /> ,ip��rc,xlin,ii�•ly Iq II . vai�l�� ,in�l .i ni,ixlinun� ��� i�fl (I . in l��u��lli . �ll wnr{: lu I��• rlun� nt <br /> Lessoi's expense ��n�l sh��ll coniply wllh �ill local codas ,ind �n�lin�incus . <br /> R�NL"J✓AL OPTION <br /> 35. It is m,.tually agreed that Lessee shall have the right to exeend ?hc ;c�rrr of ihis <br /> lease for an additional tive (5) years , provided Lessee givr_s written netice to I.essor ;ot <br /> less than 120 days prior to the expiratien date ot this leasc. This five-ye�r extension <br /> term shr�ll 1>e under the s;ime terms nnd conditions o: this lease, except for ihe monihl. <br /> rental v�htch shr�ll I�c nego+iated between I.cssor and Lessec. In the event th�t the par,ies <br /> cannot agrr_e on the monthly rental prior to the expiration datc of this lcase, ,he t.�ir-r��ark�� <br /> rental of the premises sh��ll be determined by arbitration, using thmc (3) ,irl;itra!ors, in <br /> accordance with the civil codes of the State of Washington conceming arbitr��tion. Each <br /> pirt� sho]] p;�� ono-hnlf of the tot�l cost of arhitr��tion. Once notice has becn ai�•en ! �• <br /> Lr:ss�:n to extend ihc t�.nn of �his lease, M�oLh p��rtics sh.�ll I�c ohli����t��� lo � ntr��� in;o s iid <br /> ranevaal irrespectivc of the rent ultim�3tely determined. <br /> C;,?dCtiLLATION CONDITION <br /> 36. Tf Lessee is unable to obtain the necessary perr,�its trom rh�� loc��l ;uthontics t:, <br /> oper.�te a paint store in the demised premises on or b�fore Jul�� 31 , 1970, i.essee shall <br /> have rhe riyht r�� c;,���cel this lease �nd Lessor shall immediately refund thc lease depos� <br /> an�l neither party shall h�ive any obli�ation whatsocver under ihe terms of this lecise. <br /> G1IARANT�li <br /> 37• As additional consideration and an inducement for Lessor to m�ke this lease to <br /> Custom Paint Co. , �� wholly-owned subsidinry of Kelly-Moore P�int Company, Inc. , a <br /> C:�li(ornia corporation, y,elly-Moorr, Paint Company, Inc. hereby guarantees full pertormacr.e <br /> by Lessee of all the terms and conditions of this lease. <br /> � i . <br /> 7i� <br />