march 3, 2016 - general services administration · march 1, 2016 - march 1 , 2021-february 28, 2021...

2
March 3, 2016

Upload: others

Post on 16-Feb-2021

0 views

Category:

Documents


0 download

TRANSCRIPT

  • March 3, 2016

  • Lease Amendment No. 01 -GS-09P-LCA03012 PAGE 2 of 2

    Paragraph 1.03 has been deleted and replaced with the following as shown below:

    1.03 Rent and Other Consideration (Sep 2013)

    A. The Government shall pay the Lessor annual rent, payable in monthly installments in arrears, at the following rates:

    MARCH 1, 2016 - MARCH 1 , 2021-FEBRUARY 28, 2021 FEBRUARY 28, 2026

    ANNUAL RENT ANNuALRENT

    SHELLRENT1 $125,264.00 $132,936.42

    TENANT IMPROVEMENTS RENT' $82,003.29 $0.00

    OPERA TING COSTS3 $ 24,583.06 $ 39,458.16 TOTAL ANNuAL RENT $231,850.35 $172~94.58

    Shell rent calculallon. (Finn Term) $16.00 per RSF multiplied by 7,829 RSF (Non Finn Term) $16.98 per RSF multiplied by 7,829 RSF

    2The Tenant Improvement Amortized is $353,472.20 at a rate of 6 percent per annum over 5 years. 'Operating Costs rent calculation: $3.14 per RSF multiplied by 7,829 RSF

    (Firm Term) $3.14 per RSF multiplied by 7,829 RSF (Non Finn Term) $5.04 per RSF multiplied by 7,829 RSF

    1.05 Termination Rights (Aug 2011)

    The Government may terminate this Lease in whole or in part, at any time effective after February 28, 2021, by providing not less than 60 day prior written notice to the Lessor. The effective date of the termination shall be the day following the expiration of the required notice period or the termination date set forth in the notice, whichever is later. No rent shall accrue after the effective date of termination.

    ALL OTHER TERMS AND CONDITIONS OF THE LEASE SHALL REMAIN IN FORCE AND EFFECT.

    INITIALS: ~& \) -~. LESSOR GOVT

    Lease Amendment Form 12112