Fillable Colorado Commercial Lease Agreement Form (Page 6 of 9) in pdf

Default.

In the event of a default made by Tenant in the payment of rent when due to

Landlord, Tenant shall have fifteen (15) days after receipt of written notice

thereof to cure such default. In the event of a default made by Tenant in any

of the other covenants or conditions to be kept, observed and performed by

Tenant, Tenant shall have thirty (30) days after receipt of written notice

thereof to cure such default. In the event that the Tenant shall fail to cure any

default within the time allowed under this paragraph, Landlord may declare

the term of this Lease ended and terminated by giving Tenant written notice of

such intention, and if possession of the Leased Premises is not surrendered,

Landlord may re-enter said premises. Landlord shall have, in addition to the

remedy above provided, any other right or remedy available to Landlord on

account of any Tenant default, either in law or equity. Landlord shall use

reasonable efforts to mitigate its damages.

Quiet Possession.

Landlord covenants and warrants that upon performance by Tenant of its

obligations hereunder, Landlord will keep and maintain Tenant in exclusive,

quiet, peaceable and undisturbed and uninterrupted possession of the Leased

Premises during the term of this Lease.

Condemnation.

If any legally, constituted authority condemns the Building or such part thereof

which shall make the Leased Premises unsuitable for leasing, this Lease shall

cease when the public authority takes possession, and Landlord and Tenant

shall account for rental as of that date. Such termination shall be without

prejudice to the rights of either party to recover compensation from the

condemning authority for any loss or damage caused by the condemnation.

Neither party shall have any rights in or to any award made to the other by the

condemning authority.

Subordination.

Tenant accepts this Lease subject and subordinate to any mortgage, deed of

trust or other lien presently existing or hereafter arising upon the Leased

Premises, or upon the Building and to any renewals, refinancing and

extensions thereof, but Tenant agrees that any such mortgage shall have the

right at any time to subordinate such mortgage, deed of trust or other lien to

this Lease on such terms and subject to such conditions as such mortgage

may deem appropriate in its discretion. Landlord is hereby irrevocably vested

with full power and authority to subordinate this Lease to any mortgage, deed

of trust or other lien now existing or hereafter placed upon the Leased

Premises of the Building. Tenant agrees that it will from time to time upon

request by Landlord execute and deliver to such persons as Landlord shall

request a statement in recordable form certifying that this Lease is unmodified

and in full force and effect (or if there have been modifications, that the same

is in full force and effect as so modified), stating the dates to which rent and

Colorado Commercial Lease Agreement Form Page 6