AG 2015 09 21 - Laserfiche WebLink

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2. Term The term of this Lease shall be for five (5) years and still commence on October 1, 2015 and expire on September 30, 2020. Should Lessee not be in default under this Lease, Lessee has an option to extend the term for up to an additional five (5) years, beginning at the conclusion of the original Term. 3. Rent The Rent for the initial Term of this Lease shall be $ per month, payable in advance on the first day of the month for which due. Should the Rent for any reason not be received by the County by the fifth day of the month, a late charge of $25.00 will be added as additional Rent. Rent for the Lease extension shall be negotiated in good faith by the parties based on circumstances at the time, but shall be no less than 10% more than the Rent for the initial Term. 4. Security Deposit At the commencement of the Lease, Lessee shall deposit with the County the sum of $ , to be held by the County to secure the faithful performance by the Lessee of all of its obligations under the Lease, including both payment and performance obligations. The Security Deposit shall be returned to the Lessee at the conclusion of the Lease, if Lessee is not in default under the Lease and is not indebted to County in any amount. 5. Net Lease This Lease shall be entirely "net" to the County, meaning that all expense and obligations incident to the County's ownership of the Demised Premises shall be the responsibility of the Tenant, including without limitation, maintenance and repair of the Demised Premises, utilities (except utility facilities already in existence), utilities, insurance and any taxes levied on Lessee's assets and leasehold interest in the Demised Premises. Should Lessee fail to timely pay any obligation required of it by this Lease, the County may, but is not required to, pay such obligation, which amount the Lessee agrees shall be immediately reimbursed to the County, along with an additional charge of 25% of the payment amount, as a handling charge for the County having had to undertake an obligation that was primarily that of Lessee. 6. Sale and Possession of Alcohol Sale and consumption of alcohol is permitted under this Lease, but only incident to the operation of a restaurant adjacent to the Demised Premises. Any such sale and consumption of alcohol shall be in strict compliance with the rules and regulations of the North Carolina ABC Commission and any ABC permit(s) issued to Lessee for its restaurant or the Demised Premises, as well as all zoning and other ordinances of the City of Concord. 7. Screening Screening of the Demised Premises shall take the form of a fence and vegetative screening, to be approved in writing in advance by the County. Such screening must also be approved by the ABC Commission, if required, and by the City of Concord. Such screening shall be maintained in the required condition during the Term of the Lease, including the extension. 8. Utility Easements The provisions of this Lease shall be subject to the rights of access of any utility providers with easements running through the Demised Premises. Should maintenance and repair of such utilities be required such that it interferes with Lessee's use and enjoyment of the Demised Premises, neither the County nor the utility providers shall be liable to the Lessee for any loss of use of the Demised Premises. The County will be responsible to the Lessee for any damages or loss it causes 2 Attachment number 1 \n G -2 Page 206