COM 0596.000 2010-2012 - Laserfiche WebLink

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COUNTY OF HAWAI`I OFFICE LEASE AGREEMENT This LEASE AGREEMENT, made this day of , 2012, by and between the WATER BOARD OF THE COUNTY OF HAWAI`I, whose mailing address is 345 Kekuanaoa Street,Suite 20,Hilo, Hawaii 96720 (hereinafter referred to as"Landlord"or"Lessor"), and the COUNTY OF HAWAII, a municipal corporation of the State of Hawaii, whose principal place of business and mailing address is 25 Aupuni Street, Hilo,Hawaii 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 space for the Tenant: Those certain premises consisting of approximately 8,880 square feet of lower level office space being 3,273 square feet of the Hamakua wing and 5,607 square feet of the Ka`u wing, situated at Waiakea Office Plaza, 345 Kekuanaoa Street, Hilo, Hawaii 96720 in the District of South Hilo,County and State of Hawaii,and identified as Tax Map Key: (3)2-2-030-015(hereinafter"the premises")and described in Exhibit A. 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 County of Hawaii. 3. Term. The term of this Lease Agreement and the Tenant's obligation to pay rent and other charges hereunder,shall be a ten year term starting August 1,2012 or when the Improvements are completed but in no event later than July 1,2013. At least ninety(90)days prior to the end of the term Tenant shall notify Landlord of their intent to exercise the option for a second ten (10)year term at a rental rate to be negotiated. 4. Delivery of Possession. Tenant shall be given occupancy of the premises upon execution of this Lease Agreement. If the Landlord,for any reason,cannot deliver possession of the demised premises to the Tenant at the commencement of the Lease Agreement 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. 5. Quiet Enjoyment. Landlord agrees that upon payment by the Tenant of the rent and other charges herein provided and upon the faithful observance and performance of all the covenants,terms,and conditions in this Lease Agreement on the part of the Tenant to be observed and performed,the Tenant shall peaceably and quietly hold and enjoy the leased premises for the term of this Lease Agreement without hindrance or interruption by the Landlord or any other person or persons lawfully or equitably claiming by,through,or under the Landlord. -2-