HomeMy WebLinkAboutAGMT - Bancap Commercial Real Estate (Suite 130) LEASE AGREEMENT
This lease made this 26 day of September, 2002, by and between the
CITY OF SEAL BEACH, a municipal corporation (hereinafter referred to as
"Lessor "), and Retha Evans (hereinafter referred to as "Lessee ").
WHEREAS, the City is the owner of that certain property within the City of
Seal Beach commonly referred to as 201 Eighth Street and now referenced as
the Old City Hall building; and
WHEREAS, Lessor and Lessee desire to enter into a lease agreement for
use of building tenant space, known as Suite 130 representing 591 square feet;
and
WHEREAS, said building tenant space will be used as a site for
Professional Development Courses, Inc., and
NOW, THEREFORE, in consideration of their mutual covenants and
conditions, the parties hereto agree as follows:
1. Lessor hereby leases to Lessee and Lessee leases form Lessor that
certain land space in the City of Seal Beach, County of Orange as
shown in Exhibit "A" attached hereto, and referenced as 201 Eighth
Street, Suite 130 (The Leased Premises).
2. The term of this lease shall be for a period of three (3) years
commencing upon October 1, 2002 and expiring on September 30,
2005.
3. Lessee shall pay minimum rent to Lessor for the rights granted
hereunder the sum of $1,200 per month commencing upon occupancy.
Minimum rent shall increase to $1,250 per month in Year 2 and $1,300
in Year 3.
4. Lessee shall deposit, with Lessor the sum of $1,000 representing a
security deposit.
5. The tenant space shall be used only for the activities and business
conducted by Professional Development Courses, Inc. In the event
said tenant space is used for any other purpose or use, Lessor, at its
option, may terminate this lease and take possession of the tenant
space without further notice to Lessee.
6. This lease is a full service gross lease with the Lessor paying all
operating costs of the building other than janitorial and possessory
interest taxes.
7. Lessee shall not damage building or make any alterations, changes or
additions in or to said building, without the written consent of the
Lessor first being obtained. No signs shall be placed on the interior or
exterior of said building unless the written approval of the Lessor is first
obtained. Bookshelves may be attached to wall and carpet can be
replaced by Lessee.
8. Lessee shall pay Lessor a late charge of 10% for all rents not paid by
the 10 of the month.
9. Lessee shall maintain said tenant space in a good, safe, neat and
sanitary condition to the satisfaction' of the Lessor and shall contribute
to maintaining the common areas of the said building in good condition
and repair.
10. Lessee shall be entitled to one assigned parking space behind the
building for the duration of the lease.
11. During the term of the lease, Lessee shall procure and keep in force
general liability insurance in the aggregate amount of $1,000,000
written by a reliable insurance company authorized to do business in
the State of California. Said policy shall provide that the Lessor is
named as an insured and that Lessor shall be furnished a certificate of
such insurance and shall be notified at lease thirty days prior to
cancellation of said policy.
12. Lessor agrees to repaint the entire suite at its sole cost and expense.
13. During the term of this lease, Lessee shall procure and keep in force a
policy insuring loss or damage to all of Lessee's personal property,
fixtures, equipment, utility installations and tenant improvements in, on,
or about the premises and proceeds from such insurance shall be used
by Lessee for the replacement of personal property and the restoration
of fixtures, equipment, utility installations and tenant improvements.
14. If Lessee uses or consumes utilities or services after building hours or
in amounts that are appreciably in excess of that which Lessor
• reasonably determines are average for tenants, Lessee shall
reimburse Lessor upon receipt of demand, for the cost of such excess
consumption.
15. Lessee covenants and agrees with Lessor that Lessor shall not be
liable for any injuries or damages to person or property from any cause
whatsoever by reason of the use, occupation, control or enjoyment of
the leased premises by Lessee, or any person invited, suffered or
permitted by Lessee to go or be upon said premises; and further
Lessee will indemnify and save Lessor harmless from and against any
and all liability, penalties, damages, expenses (including attorney fees)
and judgments whatsoever on account of such injuries or damages,
unless damages are caused by Lessor's negligence or deliberate act.
16. Lessee by operation of law of otherwise shall not sublet, assign or
hypothecate its interests in whole or in part in this lease or sublet all or
any portion of said leased premises without the prior written consent of
the Lessor.
17. In the event of a breach of any terms, covenants or conditions
contained herein, Lessor, at its option, may give Lessee a ten -day
written notice to correct such breach. And in the event Lessee fails to
correct such breach within said thirty day period, Lessor without further
notice or process of law may declare this lease terminated and all of
Lessee's rights hereunder terminated. And thereupon all or Lessee's
rights and interests in said leased premises immediately shall vest to
Lessor.
• 18. Lessee warrants and represents that Lessee has not dealt with any
real estate broker or agent in connection with this lease or the
negotiation hereof, except Bancap Commercial Real Estate Services.
Any commission associated with this lease shall be paid by Lessor.
19. Provided that Lessee performs all its obligations hereunder, Lessee
shall have the peaceful and quiet enjoyment of the leased premises
during the term of this lease, subject to all of the terms and conditions
contained herein.
IN WITNE WHEREOF tale parties ereto have caused this lease to be
• executed this day of , 2002.
LESSOR LESSEE
CITY OF SEAL BEACH Retha Evans
By: �, �,, By: Li
Mayor Retha Evans
ATTEST:
4111"
By: r.1i . ___f / —d!
` J �
ty Clerk
APPROVED AS TO FORM:
By:
City Attorney