RES 348 Draft 01 2006-2008 - Laserfiche WebLink

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c. At the end of the first lease year and at the end of each successive lease yeaz thereafrer during the Lease Term, the Monthly Minimum Rent herein provided shall be adjusted as follows: 11/1/08-10/31/09 $2,793.00/month 11/1/09-10/31/10 $2,932.00/month 11/1/10-10/31/11 $3,080.00/month 11/1/11-10/16/12 $3,233.00/month d. In addition, the minimum monthly rent shall be increased to reflect any increases in real property taxes. The increase in the minimum rent will be the proportion of the total square footage leased premises to the total square footage of the building, times the increases in real property taxes. Provided, however, Tenant may obtain an exemption from Real Property Tax under Hawaii Revised Statutes Section 246-36(2) and section 19-84(2), Hawaii County Code 1983 (2005 edition), and upon granting of the exemption, Tenant's real property tax liability will be reduced by the Tenant's pro rata share. 2. Tax on Payments: Tenant shall pay Landlord on the Monthly Minimum Rent, and other payments to Landlord under this Lease for Landlord's general excise tax, as additional amount (presently 4.167%), as provided in Paragraph 7.a of the Standard Terms and Provisions. D. Tenant's Permitted Use; Name. Tenant shall use the Premises for Professional Office Space and no other purpose as provided in Paragraph 10.a of the Standazd Terms and Provisions. Tenant's business in the Premises shall be operated under the name Elections Division, County of Hawaii or such other name as Landlord and Tenant may agree in writing. E. Leasehold Improvements 1. Tenant's Construction Obligation. The Tenant's construction obligation with respect to the Premises, if any, shall be as set forth in Pazagraph l.b of the Standard Terms and Provisions and more particularly described in Exhibits C and D (if any) attached hereto. 2. Landlord's Construction Obli ag tion. The Landlord's construction obligation with respect to the Premises, if any, shall be as set forth in Paragraph l.c of the Standard Terms and Provisions and more particularly described in Exhibit E (if any) attached hereto. F. Tenant Parkin>z. Subject at all times to Pazagraphs 2 and 12 of the Standard Terms and Provisions, Tenant shall have the right to use any of the parking spaces assigned by Landlord within the Property for customer parking; Tenant's employees shall only park in those areas designated for "EMPLOYEE PARKING" on Exhibit A attached hereto. G. Security Deposit. Tenant shall deposit with Landlord the amount of Three thousand two hundred thirty-three and no/100 dollars ($3,233.00) to be held by Landlord as a security deposit SUITE 8102 1 67 03 LEASE AGREEMENT ALIT PLAZA "B", LLC I COUNTY OF HAWAII 4