RES 108 Draft 01 2012-2014 - Laserfiche WebLink

Home

without hindrance or interruption by the Landlord or any other person or persons lawfully or equitably claiming by,through,or under the Landlord. 6. Rent. Tenant shall pay to the Landlord,in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts,without any setoff or deduction whatsoever. A common area maintenance charge of FIFTY-SIX CENTS per square foot,per month($0.56/sq. ft./month)subject to yearly adjustment based on operating costs,will be paid in addition to the rent which is established as follows: Year Rate/Month 1. $870.00 2. $896.10 3. $922.98 4. $950.67 5. $979.19 Tenant reserves the right to prepay rent one year in advance. 7. Payment. Payment of rent shall be made to Clark Realty Corporation c/o Clark Commercial Group, 75-5722 Kuakini Highway, Suite 214,Kailua-Kona,Hawaii 96740. 8. Excise Tax. In addition to the rent,the Tenant shall pay the Hawai`i general excise tax (currently 4.166%),or any successor tax,which may be payable thereon. 9. Real Property Tax. The Tenant shall be responsible for its pro-rata share of the real property taxes. However,Landlord agrees to timely submit a claim for partial exemption from real property tax,as provided by Section 19-84,Hawai`i County Code(2005 edition,as amended). Tenant will cooperate fully with the Landlord in obtaining such exemption. Any exemptions provided to Landlord as a result,shall be credited directly towards Tenant's obligation for CAM charges. 10. Deposit. No deposit shall be required. 11. Common Area Maintenance and Building Services. The common area maintenance charge shall be paid monthly, in addition to the rent,and at the rate noted in paragraph 6 of this lease agreement. Landlord shall operate and maintain the property,common area and facilities therein in a manner deemed as reasonable,appropriate and in the best interest of the tenants of the property. Landlord shall be responsible for all building services included in the CAM charges as provided by Holomua Center. Such services shall include,but not be limited to electricity;water; supplies for restroom;janitorial services;trash removal for common areas and dumpster for Tenant use. All such expenses for the maintenance and operation shall be included in the rental charge. The term"common area and facilities"as used in this lease agreement shall be deemed to include those portions of the property as are designated and/or designed for the non-exclusive use of the Tenant in common with other authorized users,and shall include,but not be limited to: parking areas;roadways;service areas;driveways;areas 3