Professional Documents
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2. The term of this lease commences on March 1,2005 aad ends on b h 1,2010. If the Tenant continues i oc~upation the Premigeswitb the consent of the Lendlord a h n of expiry of the term of the lease, the T n n shall he deemed to be leasing the Pranks on eat a month to month basis but otheMrise on the same tamsas set out in the lease.
3. T e Tenant may use the premises for businoss we, as a law firm and related serviaes,and h f a no 0 t h purpose.
4. (a) f i e T n n shrrll pay the Landlord a "base rent" of $1,350.00 plus G.S.T of $94.50 eat to be i n c m d ~ttnUeyr a rate of 2.5%ofthe base renr during the term of the Iease. at The Tenant shallprovide 12 post-dated cheques annually on the annivasary date in advmce to cover the term of the lease. The T m t shall pay utilities attniutable to the
LeasedImits.
(b) The foIiowiq services and exptms are the mpomibilityofthe Landhd: building Insuranceandprnpertyae8.
(c) The following services and expenses are the responsibility of the Tenant:removal of their sign face a 14 W i Avenue a d replace wiih blank plastic, close in dootway t bretween 14 and 16 Wilson Avenue and snow removal.
(d) d)e Tenant &dl also pay the Laadlord as *ddi$olurl rentn, on demaad, 10% of t e h ttl costs reasonably h d the Landlor& inchding but not b&ed to leaal fhs. oa by irac* any default of the T & underthisI-, inol&ng trig not limited to enforcing p a y m a of rent a d regahkg law.& p s s e s i ofthe hem. ~
5.
The Landlord m s approve all impmvemekts in writing. The Tentint will twtore ut premises to original condition that m s m e wt building code standards upon lease u t e t ih tmnidon, mlm improvements apprvved by the Landlord.
6.
The Tenant agme3 to pay the amount of $5,000.00 towards the upgrade to 42 Fox Street. $2,000.~ be paid primto commencement of use ofthe premises. The balance shall be paid w i W the next 12 montbs. ~
7.
8.
Any services and e x p e ~ e s relev& to the use by by Tenaut of the Premises and not m e a t i d in this Lease are the nqomibility and enpense of the Tenam.
The Laadlord covenants with the Teaant that so -1 as the Tenant complies with the terms of this Lease, the Tenrtnt may occupy and mo the Premises without any -y
intemqtions from the Landlord.
9.
The Landlord is not liable for any damage to the Tenant's property nor for eay injury to any person in or coming to or fiom the Pre4niscs,however caused, and the Tenant agrees to indemnify the Landlord against the fbmial C O of any such liability. ~ The Landlord may terminate ti lease for any we of the foIlowing o any other cause hs r pemitted by law:
a Vten days amass of reat o additional rent. r
b. rhe ba&mptcy o insolveacy of the Tenant. r
10.
limiting tae gm&ity ofthis provision) any &ge, which building insurance or which constia nuisance.
~andlh*s
e.
f Any significant wlfl or negligent damage to the PCemises m e d by the Tenant or by . ilu ~ns~ttedonthePrembsbythetenaw.
11.
1. 2
The Tcnant shellkeep th:bmism in a masombIestateof nqmir and clsanline9s:and &all notmake ~ e m e n tor alterations t the Remises s o tbe written consent of t e Landlord, wbioh comeat shen not be unnwonably witbbc1d. h
15.
In this Lease, words importing the singular indude the p 1 4 and visa vrrsa, and the ~ ~ ~ ~ c genQ e u l i a include rht faninhe, and aadpoaiag the individual M d a@ us o n and visa versa. This base binds and berefits the p d e s a d their rwpective heirs, - 8 0 1 ~ , and p e d t t d soSigns.1
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Wr ms Team1