COMMERCIAL LEASE AND DEPOSIT RECEIPT
Received from A-55 Limited Partnership, hereinafter referred to as LESSEE, the sum of $_________________ (None dollars), evidenced by ________________, as a deposit which shall belong to Lessor and shall be applied as follows:
TOTAL RECEIVED BALANCE DUE
PRIOR TO
OCCUPANCY Rent for the period from May 1, 1997 to May 30, 1997........ $61,346.60 $ None $61,346.60 Security deposit (not applicable toward last month's rent).. $_________ $__________ $__________ Other....................................................... $_________ $__________ $__________ Total....................................................... $61,346.60 $ None $61,346.60
In the event this Lease is not accepted by the Lessor within N/A days, the total deposit received will be refunded.
Lessee offers to lease from Lessor the premises situated in the City of Reno, County of Washoe, State of Nevada, described as 5270 Neil Road, upon the following conditions:
1. TERM: The term will commence on May 1, 1997 and end on
May 1, 2000.
2. RENT: The total rent will be $61,346.60 payable as follows: paid on the
1st day of each month. All rents will be paid to Lessor or his/her
authorized agent, at the following address:____________________________
_______________________________________________________________________
or at such other places as may be designated by Lessor from time to
time. In the event rent is not paid within 10 days after due date,
Lessee agrees to pay a late charge of $1.00 plus interest at 9% per
annum on the delinquent amount. Lessee further agrees to pay $1.00 for
each dishonored bank check. The late charge period is not a grace
period, and Lessor is entitled to make written demand for any rent if
not paid when due.
3. USE: The premises are to be used for the operation of Corporate Office
Headquarters and for no other purpose, without prior written consent of
Lessor. Lessee will not commit any waste upon the premises, or any
nuisance or act which may disturb the quiet enjoyment of any tenant in
the building.
4. USES PROHIBITED: Lessee will not use any portion of the premises for
purposes other than those specified. No use will be made or permitted
to be made upon the premises, nor acts done, which will increase the
existing rate of insurance upon the property, or cause cancellation of
insurance policies covering the property. Lessee will not conduct or
permit any sale by auction on the premises.
5. ASSIGNMENT AND SUBLETTING: Lessee will not assign this Lease or sublet
any portion of the premises without prior written consent of the Lessor,
which will not be
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unreasonably withheld. Any such assignment or subletting without consent
will be void and, at the option of the Lessor, will terminate this
Lease.
6. ORDINANCES AND STATUTES: Lessee will comply with all statutes,
ordinances, and requirements of all municipal, state and federal
authorities now in force, or which may later be in force, regarding the
use of the premises. The commencement or pendency of any state or
federal court abatement proceeding affecting the use of the premises
will, at the option of the Lessor, be deemed a breach of this Lease.
7. MAINTENANCE, REPAIRS, ALTERATIONS: Unless ...
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