License - Massage Establishment New - AB Reflexology & Massage LLC

Home Browse Search

for the Premises against loss by fire which may or may not include any extended coverage. The Lessee will provide and maintain personal liability and property damage insurance as a lessee, at least to the limits of One Million Dollars ($1,000,000.00), that will designate the Lessor as an "also named insured" and shall provide the Lessor with a copy of such insurance certification or policy prior to the effective date of this Agreement. i ,-7 - MODIFIED GRASS. Tenant's Initials112 Landlord's Initials It is the intention of the Parties that this Agreement shall be considered a "Modified Gross Lease." In addition to the Rent, th sees ll bejesponsible for the 'allowing monthly expenses. r cM c c N,+curl _ jar Ci, Aq CO Lessor shall be responsible for the following monthly expenses: ❑ -TRIPLE NET (NNN). Tenant's Initials Landlord's Initials It is the intention of the Parties that this Agreement shall be considered a "Triple Net Lease." a.) 0j)&atjnq Expenses. The Lessor shall have no obligation to provide any services, perform any acts, or pay expenses, charges, obligations, or costs of any kind whatsoever with respect to the Premises. The Lessee hereby agrees to pay one hundred percent (100%) of all Operating Expenses as hereafter defined for the Term of this Agreement and any extensions thereof in accordance with specific provisions hereinafter set forth. The term "Operating Expenses" shall include all costs to the Lessor of operating and maintaining the Premises and shall include, without limitation, real estate and personal property taxes and assessments, management fee(s), heating, air conditioning, HVAC, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Premises and related parking' areas, unless expressly excluded from operating expenses. b.) Taxes. Lessee shall pay, during the Term of this Agreement, the real estate taxes, including any special taxes or assessments (collectively, the "taxes") attributable to the Premises and accruing during the Term. Lessee, at Lessor's option, shall pay to Lessor said taxes on a monthly basis, based on one -twelfth (1112) of the bPage 3 of 10