COM 0298.000 2012-2014 - Laserfiche WebLink

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COUNTY OF HAWAII WAREHOUSE SPACE SUBLEASE AGREEMENT This SUBLEASE AGREEMENT,made this day of 2013,by and between MEN'S SHOP,INC.,whose mailing address is 210 Maka`ala Street,Hilo, Hawai`i, 96720 (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,Hawai`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 a secured warehouse space for the Tenant: Those certain premises consisting of approximately 3,000 square feet of warehouse space (subject to verification) Space B, situated at 210 Maka`ala Street, Hilo, in the district of South Hilo, County and State of Hawai`i, and identified as Tax Map Key: (3) 2-2-060-016 (hereinafter "the premises"). Further described in Exhibit "A" attached hereto. Together with the full right of access to said premises in common with others over, across, and through any alleys, common entrances, lobbies, stairways, halls, elevators, and corridors in or around said building. 2. Use. The premises shall be utilized as a secured warehouse space and other such uses as allowed by the zoning for the area and as may be granted by Lessor. 3. Term. The term of this sublease and the Tenant's obligation to pay rent hereunder, shall be for five(5)years,commencing on February 1,2013 to January 31,2018. Tenant shall have the option to extend the sublease for an additional five(5)year term, subject to an agreement on the rent between the Tenant and Landlord. The rent for the new term shall be mutually determined and agreed upon between the Landlord and Tenant. If the parties cannot agree upon the rent for the new term,then the sublease will be terminated at the end of the sublease period and the Tenant will have sixty(60)days from the end of the term of the sublease to vacate the premises. 4. Delivery of Possession. If the Landlord,for any reason,cannot deliver possession of the demised premises to the Tenant at the commencement of the sublease term, as specified above,this sublease agreement shall not be void or voidable;but in that event,there shall be a proportionate reduction of rent covering the period between the commencement of the sublease term and the time when the Landlord can deliver possession,unless the Tenant elects to terminate the sublease by giving notice in writing. 2