Laserfiche WebLink
<br />matters related to the use of the leased premises. LESSEE agrees that it is not relying on any <br /> <br />warranty or representation made by LESSOR concerning the use of the leased premises. <br /> <br />LESSOR shall deliver possession ofthe leased premises to LESSEE as ofthe effective date <br /> <br />hereof. <br /> <br />LESSEE shall be responsible for maintenance and insurance of the leased premises upon <br /> <br /> <br />delivery of possession to LESSEE. <br /> <br /> <br />The term ofthis Lease is for [] years, beginning on the [] day of[], 2001, and ending on the <br /> <br /> <br />[] day of [], []. <br /> <br /> <br />The rent established herein shall be subj ect to increase every five (5) years, in [THE MONTH <br /> <br /> <br />IN WHICH THE LEASE BEGINS] of each sixth year, in the percentage amount of increase in the <br /> <br /> <br />Consumer Price Index for All Urban Consumers (CPI-U United States City Average [1982- <br /> <br /> <br />84=100%]) above the rate for January 2000, which shall be determined to equal 168.7. <br /> <br /> <br />In determining the rate increase, the LESSOR shall, by or before March 1 of each fifth year, <br /> <br /> <br />or as soon thereafter as reasonably possible, provide written notice to the LESSEE ofthe amount of <br /> <br /> <br />the CPI increase (including appropriate documentation thereof) and the LESSOR's calculation of <br /> <br /> <br />the new monthly rental based on said increase. Beginning with the monthly payment due the first <br /> <br /> <br />of the month following receipt of LESSOR's notice, LESSEE shall pay the adjusted monthly rate <br /> <br />as determined herein. If, for any reason, the CPI adjustment would result in a decrease in the <br /> <br />monthly rental due, the previous rental shall remain in effect. In no event shall the monthly rental <br /> <br />rate be decreased. <br /> <br /> <br />At the end ofthe initial term as specified herein, the LESSOR shall solicit competitive prices <br /> <br /> <br />for lease ofthe hangar upon such terms and conditions and for such lengths oftime as the LESSOR <br /> <br />Master Lease Ae:reement - page 2 <br />