RES 353 Draft 01 2008-2010 - Laserfiche WebLink

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COUNTY OF HAWAII OFFICE SPACE LEASE AGREEMENT This LEASE AGREEMENT, made this day of , 2010 by and between STARR EQUITIES, INC., a Hawai`i corporation, whose mailing address is 1962 -B Wells Street, Wailuku, Hawai`i 96793 (hereinafter referred to as "Landlord" or "Lessor "), and the COUNTY OF HAWAII, a municipal corporation of the State of Hawai`i, whose principal place of business and mailing address is 25 Aupuni Street, Hilo, I- lawai`i 96720 (hereinafter referred to as "Tenant" or "Lessee "). 1. Grant. In consideration of the rents, covenants, and agreements hereinafter reserved and contained and on the part of the Tenant to be observed and performed, the Landlord demises and leases to the Tenant, and Tenant rents from the Landlord, the following for use as an office and warehouse space for the Tenant: Portion of those certain premises consisting of approximately 1,200 square feet known as Suite B2/B3 of Holomua Center situate at 64 -1067 Mamalahoa Highway, Waimea, Hawai`i 96743 and identified as Tax Map Key: (3)6- 4- 006:032 (hereinafter "the Premises "). Included shall be four (4) unreserved parking stalls further described in Exhibit A attached hereto. Together with the full right of access to said premises over, across, and through any alleys, common entrances, lobbies, stairways, halls, and corridors in or around said building. 2. Use. The premises shall be utilized as office space for the Tenant. 3. Term. The term of this lease shall commence on or about August 1, 2010 or the date of delivery of the space to the County, whichever is later, and continue for a term of four (4) years and eleven (11) months, with the option to renew for an additional four (4) years and eleven (11) month term subject to mutual agreement on rent and notice of one hundred eighty (180) days before the expiration of the initial term. 4. Delivery of Possession. Tenant shall be given occupancy of the premises by August 1, 2010, or the date of delivery of the space to the Tenant, whichever comes later. If there is a delay in Landlord giving occupancy, which delay is caused by events beyond the control of the Landlord, the obligation to pay rent shall be deferred until such occupancy shall be granted in writing to Tenant by Landlord, and the expiration date of the lease shall be adjusted back the same number of days as the period delay in the commencement date of the lease. If the Landlord, for any reason, cannot deliver possession of the demised premises to the Tenant at the commencement of the lease term, as specified above, this lease agreement shall not be void or voidable, unless the Tenant elects to terminate the lease by giving notice in writing. 64006032 - 2 -