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Lease Agreement - SB Human Rights Niles Ave. – MedPro Properties LLC
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Lease Agreement - SB Human Rights Niles Ave. – MedPro Properties LLC
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10/10/2023 10:53:47 AM
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10/10/2023 10:53:40 AM
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Board of Public Works
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Contracts
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10/10/2023
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5 <br />60 days period following notice of termination, Landlord may show the premises to other <br />potential tenants during business hours upon 24 hours’ notice to Tenant, notwithstanding any <br />other term in this Agreement.. <br />For the full lease term “Operating Costs” shall also exclude replacement costs of <br />structural or major components of the Building including but not limited to roof, parking lot <br />re-pavement, heating systems, air conditioning units, windows, doors, walls, water pipes due <br />to defect or age deterioration, sinks, toilets, and electrical components. Furthermore, <br />“Operating Costs” do not include specific costs uniquely incurred by specific tenants which <br />are separately billed to and reimbursed by such specific tenants, but shall consist of all other <br />regular and routine operating costs of the Building, which shall be computed on the accrual <br />basis in accordance with generally accepted accounting principles consistently applied. These <br />include but are not limited to the following: <br />1.All reasonably necessary supplies and materials used in the operation, cleaning and <br />maintenance of the Building, parking lot, and all of its machinery and equipment. <br />2.Costs of utilities, including water and power for heating, lighting, air conditioning <br />and ventilating the entire Building (including all common and service areas), fuel <br />adjustment charges, sewer use charges and any utility taxes. Tenant may, at any time and <br />solely at Tenant expense, choose to provide a separate meter for any utility used by Tenant, <br />such as water, sewer, and/or electricity and shall pay the cost of that utility directly. Such <br />utility shall then be excluded from Tenant’s portion of the “Operating Cost” allocation. <br />Landlord shall cooperate as needed with the separation of utilities if desired by Tenant. <br />3.Costs of all management, including management fees paid to a third party, <br />maintenance and service agreements for the Building and the equipment therein, including,
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