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HomeMy WebLinkAbout1969 ii ; ; ~i~ ~ ; ~ i' ` : ; i i` ~ O~tion to Renew. Tenant is hereby granted two (2) ! • ~ ~ !!successive options to renew and extend the term of this le~se ~ li ~ ilfor five (5) years on each such option, each such extended term , ' ~ito begin respectively~upon the expiration of the original term ! i~ ~,of this lease or of the immediately pr~ceding extended term; ~ ~iand all of the provisions of this Lease Agreement shall apply to ' ~ ~ieach extended term, except Tennant shall not have any further j ~ ~ !;option to renew and extend the term of this lease following the ~ jsexercise, if any, of the last option.~ Tenant may exercise any ' ~ ! j'such option ~nly (a) if it is not in default hereunder, and (b) ; . ; j`by giving Landlord written notice of such exercise not later than j t - .~(3) months prior to the expiration of the term of this lease or ; i ~;of this lease as renewed and extended. ~ ~ 5. Rental. Tenant shall pay to Landlord for the use and ; ! occupancy of the demised premises and appurtenances thereto rental ; i i;at the guaranteed minimum rate of ~21,000 per year, payable in _ ; ~~monthly installments of ~1,150.00, plus sales tax, in advance on ; ; - - ; ~+or before the first day of each and every calendar month. + i~ Payment of Rental. All rental payments provided herein shall~ ;~be made ~to Landlord at Post Office Box 977, West Columbia, South ; , ' ;;Carolina 29169 or elsewhere as designated by Landlord. ! - ~ C 6. Taxes. Landlord covenants and agrees to pay promptly all; ~ ~ I ~ ~i taxes and assessments of every kind or nature which are now or may i ~ ~ ;~hereaf ter be imposed or assessed upon the demised premises, except; _ : ~~.as otherwise expressly provided in this Lease Agreement. Landlord: 3: ' shall not be required to pay any taxes or assessments of any nature imposed or assessed upon fixtures, equipment, merchandise ` ~ ':or other property installed in the demised premises or brought ~ thereon by Tenant or any other person, but such shall be the ; ~ + ~ t i'. ; obligation of the Tenant, and Tenant agr~es that~it will prcmptly . ~ . _ ~ pay all such taxes or assessments as the same become due. In . ~ ; ~ ` addition, Tenant shall pay to Landlord the amount, if any, by . - which the annual ad valorem real property taxes attributable to ~ ~ ~ ~ ~ ~ ~ ; ~ -2- ~ ~ ` ~ l~Ii1E~~ i . ~ ~ - _ _ _ _ - - ~ ~ _ : _ v_ ~ ~ ~ . ~ .