Laserfiche WebLink
Lease No.SRL 10-0034 April 26,2010 Page 9 of 12 <br /> REMOVAL OF PROPERTY <br /> • <br /> 27. Regardless of any other provisions in this Lease, 'Lessee shall remove all of its trade fixtures, <br /> fixtures, and personal property without damage to the Premises at the expiration or sooner termination of this Lease <br /> and shall pay Lessor any damages to the Premises or building resulting from such removal. If Lessee fails to remove <br /> • any of its moveable property,trade fixtures,or fixtures upon expiration or sooner termination of this Lease, it shall <br /> become the property of the Lessor. <br /> OVERDUE PAYMENTS <br /> 28. Any rent or other sums payable by Lessee to Lessor under this Lease that remain unpaid after <br /> Lessee has had an opportunity to cure non-payment, shall bear interest at a rate equal to twelve percent(12%) per <br /> annum. <br /> CANCELLATION/SUPERSESSION <br /> 29. This Lease cancels, supersedes,or replaces SRL 08-0137 dated February 23,2009, SRA 10-0009 <br /> and SRA 10-0010 dated January 25,2010 and all modifications thereto effective June 1,2010. <br /> WITHHOLDING OF RENT PAYMENTS <br /> 30. If the Lessor fails to maintain,repair and/or improve the premises as set forth herein, the Lessee <br /> may,if authorized by the Department of General Administration, withhold ten percent(10%) of rent payments until <br /> such time as Lessor completes deficient maintenance,repair and/or improvements. Upon receipt of documentation <br /> of Lessor's noncompliance with maintenance, repair and/or improvement provisions and a written request to <br /> withhold rent payments from the Lessee,the Department of General Administration shall provide Lessor with a list <br /> of deficient maintenance, repair and/or improvement items and notify Lessor that Lessee has been authorized to <br /> withhold rent payment until deficient maintenance, repair and/or improvements have been completed. Lessee shall <br /> place all withheld rent payments in an interest bearing account. Withheld rent payments plus accrued interest will be <br /> remitted to Lessor after the Department of General Administration verifies that Lessor has satisfactorily completed <br /> all maintenance, repair and/or improvements and authorizes Lessee to remit the withheld rent. Nothing in this <br /> provision shall limit other remedies which may be available to Lessee under this Lease. <br /> MONTH TO MONTH TENANCY <br /> 31. If Lessee remains in possession of the premises after the expiration or termination of the Lease <br /> term, or any extension thereof, such possession by Lessee shall be deemed to be a month-to-month tenancy, <br /> terminable as provided by law. During such month-to-month tenancy, Lessee shall pay all rent provided in this <br /> Lease or such other rent as the parties mutually agree in writing and all provisions of this Lease shall apply to the <br /> month-to-month tenancy,except those pertaining to term and option to extend. <br /> SUBORDINATION <br /> 32. So long as Lessor has fully performed under the terms of this Lease, Lessee agrees to execute, <br /> within ten (10) days of written request by Lessor, the state's standard Lessee Estoppel and Subordination <br /> Agreements which have been approved as to form by the Office of the Attorney General. A$400.00 processing fee <br /> will be assessed for processing these documents. <br /> CAPTIONS • <br /> a��tAC <br /> 33. The captions and paragraph headings hereof are inserted for convenience n <br /> purposes only and shall not be deemed to limit or expand the meaning of any paragraph. <br /> 50 <br />