License - Massage Establishment New - AB Reflexology & Massage LLC

Home Browse Search

VI. RENT. The net monthly payment shall be NJ\j�Aollars ($ Yjr3rJ ` ) payable monthly with the first payment due upon the commencement of this Agreement and each monthly installment payable thereafter on the day of each month after the Initial Term ("Base Rent"). The Base Rent shall also be applied to any pro-rata period when the Lessee occupies the Premises for less than a one (1) month period. a.) Percentac e Rent. In addition to the Base Rent, Lessee shall be: (check one) �6 - Not required to make payments related to Lessee's sales or revenue ("Percentage Rent"). ❑ - Required to pay percent ( %) of (gross sales, net sales, etc.). Such payment shall be made ❑ Monthly ❑ Quarterly ❑ Annually along with a receipt to show proof of percentage calculation ("Percentage Rent"). The Base Rent and the Percentage Rent shall be referred collectively to as the "Rent." VII. LATE FEE. If Rent has been not paid within days after the due date, the Lessee shall accrue a payment penalty of one of the following: (check one) ❑ - Interest at a rate of percent ( %) per annum on a daily basis until the amount is paid in full ("Late Fee"). Late fee of h or a, dollars per day until the amount is paid in full ("Late Fee") In this regard, all delinquent rental payments made shall be first applied to the Late Fee and all remaining amounts toward the outstanding rental payments. VIII. EXPENSES. [Check and Initial next to selection) El - GROSS. Tenent's Initials Landlord's Initials It is the intention of the Parties that this Agreement is considered a "Gross Lease," and as such, the Rent is the entirety of the payments to the Lessor. Therefore, the Lessee is not obligated to pay any additional expenses, which include utilities, real estate taxes, insurance (other than on the Lessee's personal property); charges, or expenses of any nature whatsoever in connection with the ownership and operation of the Premises; The Lessor shall be obligated to maintain the general exterior structure of the Premises, in addition, shall maintain all major systems such as the heating, plumbing, and electrical. The parking area shall be maintained by the Lessor, including the removal of any snow or environmental hazards as well as the grounds and lands surrounding the Premises. The Lessor shall maintain at their expense casualty insurance bPage 2 of 10