|
A-2024-043-02
<br />INSURANCE NOT REQUIRED
<br />WORK MAY PROCEED
<br />CITY CLERK
<br />DATE: APR 18 2024
<br />AI RCR�
<br />STANDARD INDUSTRIAL/COMMERCIAL SINGLE -TENANT LEASE - GROSS
<br />(DO NOT USE THIS FORM FOR MULTI -TENANT BUILDINGS)
<br />L Basic Provisions ("Basic Provisions").
<br />1.1 Parties. This Lease("Lease"), dated for reference purposes only April 2. 2024 , is made byand between Rick D Kagasoff ("lessor") and CI of
<br />Santa Ana ('lessee"),(collectively the "Parties," or individually a' Party').
<br />1.2 Premises: That certain real property, including all improvements therein or to be provided by Lessor under the terms of this Lease, commonly known as
<br />(street address, city, state, zip): ("Premises"). The Premises are located in the County of OranKe , and are
<br />generally described as (describe briefly the nature ofthe property and, lfapplicable, the "Project," if the property is located within a Project): anindustriai
<br />building consisting of approximately 6,500 satiate feet . (see also Paragraph 2)
<br />1.3 Term: 3 yearsand 0 months ("Original Term") commencing 5/1/2024 ('Commencement Date") and ending 4 30 202 ("Expiration
<br />Date"). (see also Paragraph 3)
<br />1.4 Early Possesslon: ffthe Premises are available Lessee may have non-exclusive possession of the Premises commencing _ ("Early Possession Date-).
<br />(See also Paragraphs 3.2 and 3.3)
<br />15 Base Rent $9.100.00 per month ("Base Rent'), payable on the 1st day of each month commencing 5/1/2024 . (See also Paragraph 4)
<br />If this box is checked, there are provisions in this lease for the Base Rent to be adjusted. See Paragraph
<br />1.6 Base Rent and Other Monies Paid Upon Execution:
<br />(a) Base Rent $9,100.00 for the period 511/2024-5/3112024.
<br />(b) SecurityDeposit; _ ("Security Depmk"). (Seealso Paragraphs)
<br />(c) Association Pees: _ for the period _.
<br />(d) Other: for
<br />(e) Total Due Upon Execution of this Lease: 9 100.00 .
<br />1.7 Agreed Use: _. (See also Paragraph 6)
<br />1.8 Insuring Party. Lessor is the 'Insuring Party'. The annual "Base Premium" is _. (See also Paragraph 8)
<br />1.9 Real Estate Brokers. (See also Paragraph 15 and 25)
<br />(a) Representation: The following real estate brokers (the 'Brokers") and brokerage relationships exist in this transaction(check applicable boxes):
<br />_ represents Lessor exclusively ("Lessor's Broker');
<br />_ represents Lessee exclusively ("lessee's Broker"); or
<br />_ represents bath Lessor and Lessee ("Drat Agency").
<br />(b) Payme tto Brokers: Upon execution and delivery of this lease by both Parties, Lessor shall payto the Brokers the brokerage fee agreed to in a
<br />separate written agreement for if there is no such agreement, the sum of _ or _ % of the total Base Rent) for the brokerage services rendered by the Bmkers.
<br />1.10 Guarantor. The obligations of the lessee under this Lease are to be guaranteed by _ ("Guarantor"). (See also Paragraph 37)
<br />1.11 Attachments. Attached hereto are the following, all of which constitute a part of this Lease:
<br />® an Addendum consisting of Paragraphs 48. 51 through 52 ,
<br />�f� l a plot plan depicting the Premises;
<br />D a current set of the Rules and Regulations;
<br />El a work Letter,
<br />El other(specify): _.
<br />2. Remhes.
<br />2.1 Letting. Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the Premises, for the term, at the rental, and upon all of the terms,
<br />covenants and conditions set forth in this Lease. While the approximate square footage of the Premises may have been used In the marketing of the Premises for
<br />purposes of comparison, the Base (tent stated herein is NOT tied to square footage and is not subject to adjustment should the actual size be determined to be
<br />different. NOTE: lessee is advised to verify the actual size prforto executing this lease.
<br />12 Condition. Lessor shall deliver the Premises to Lessee broom clean and free of debris on the Commencement Date or the Early Possession Date, whichever
<br />first occurs ("Start Date"), and, so long as the required service contracts described in Paragraph 7.1(b) below are obtained by Lessee and in effect within thirty days
<br />following the Start Date, warrants that the existing electrical, plumbing, fire sprinkler, lighting, heating, ventilating and air conditioning systems ("NVAC'), loading
<br />doors, sump pumps, if any, and all other such elements in the Premises, other than those constructed by lessee, shall be in good operating condition on said date and
<br />that the surface and structural elements of the mof, bearing walls and foundation of any buildings on the Premises (the "Building") shall be free of material defects,
<br />and that the Unit does not contain hazardous levels of any mold or fungi defined as toxic under applicable state or federal law. If a non-compliance with said warranty
<br />exists as of the Start Date, or if one of such systems or elements should malfunction or fail within the appropriate warranty period, lessor shall, as Lessor's sole
<br />obligation with respect to such matter, except as otherwise provided in this Lease, promptly after receipt of written notice from Lessee setting forth with specificity
<br />the nature and extent of such non-compliance, malfunction or lailum, rectify same at Lessor's expense. The warmmy periods shall be as follows: (1) 6 months as to
<br />the HVAC systems, and (R) 30 days as to the remaining systems and other elements of the Building. If lessee does not give lessor the required notice within the
<br />appropriate warranty period, correction of any such non-compliance, malfunction or failure shall be the obligation of Lessee at Lessee's sole cost and expense, except
<br />Page 1 of 16
<br />trrl S Last Edited: 3/14/2024 3.33 PM INfTIALS
<br />0 2017AIR CRE. All Rights Reserved. STG-27.20, Revised 11-01-2017
<br />
|