Reso 2016-2577 - Laserfiche WebLink

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2. PREMISES. The LESSOR hereby leases to the LESSEE the Leased Premises, as depicted on Exhibit "A", attached hereto and incorporated herein by reference. Prior to the execution of this Lease Agreement, LESSEE has inspected the Leased Premises and hereby accepts said premises in"as is"condition according to the present layout, location and condition. 3. TERM. The initial term of this Lease Agreement (hereinafter referred to as the "Initial Term") shall be for a period of two (2) years commencing on July 1, 2016 and expiring on June 30, 2018, unless sooner terminated in accordance with the provisions of this - Lease Agreement. The LESSEE shall have the option to renew this Lease Agreement, on a year-to-year basis (hereinafter referred to as "Renewal Term") commencing as of the date immediately following the expiration of the then preceding year on the same terms and conditions set forth in this Lease Agreement by providing the LESSOR with written notice at -- - least ninety (90) calendar days prior to the expiration of the Initial Term or any Renewal Term, as the case may be, of this Lease Agreement. 4. RENT. (A) The total rent for the Initial Term, which LESSEE hereby agrees to pay to LESSOR, shall be Two Hundred Sixteen Thousand and 00/100 Dollars ($216,000.00), payable by LESSEE in twenty four (24) monthly installments of Nine Thousand and 00/100 Dollars ($9,000.00). Each Nine Thousand and 00/100 Dollars ($9,000.00) monthly payment shall include ten (10) parking spaces in the adjacent lot for the sole use by LESSEE and Sunny Isles Property Venture LLC, its credentialed employees and consultants. Monthly installment shall be due no later than the fifth(51h)day of each month dieing the term of this Lease Agreement. If the fifth (51h) day of the month is a holiday or weekend day, the monthly rent payment will be due no later than the first (1s`) business day after the fifth (5th) day of the month in which the LESSOR Page 2 of 10 LESSEE V/1