Colorado Commercial Lease Agreement Form Page 2
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9to Landlord not less than ninety (90) days prior to the expiration of the Initial
Term. The renewal term shall be at the rental set forth below and otherwise
upon the same covenants, conditions and provisions as contained in this
Lease.
Rent.
Tenant shall pay to Landlord during the Initial Term rent of:
_________________ Dollars (USD) per year, payable in instalments of
_______________ Dollars (USD) per month.
Each instalment payment shall be due in advance on the first day of each
calendar month during the lease term to Landlord at the following address:
The rental payment amount for any partial calendar months included in the
lease term shall be prorated on a daily basis.
Tenant shall also pay to Landlord a "Security Deposit" in the amount of
__________________ Dollars (USD).
The rental for any renewal lease term, if created as permitted under this
Lease, shall be __________________ Dollars (USD) per year payable in
instalments of _____________ Dollars (USD) per month.
Prohibited Uses.
Notwithstanding the forgoing, Tenant shall not use the Leased Premises for
the purposes of storing, manufacturing or selling any explosives, flammables
or other inherently dangerous substance, chemical, thing or device.
Sublease and Assignment.
Tenant shall have the right without Landlord's consent, to assign this Lease to
a business with which Tenant may merge or consolidate, to any subsidiary of
Tenant, to any corporation under common control with Tenant, or to a
purchaser of substantially all of Tenant's assets.
Except as set forth above, Tenant shall not sublease all or any part of the
Leased Premises, or assign this Lease in whole or in part without Landlord's
consent, such consent not to be unreasonably withheld or delayed.
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