Common use of Storage Space Clause in Contracts

Storage Space. Tenant shall have the option, to be exercised by written notice to Landlord on or before October 1, 2002, to lease up to 300 square feet of storage space located in the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage space.

Appears in 1 contract

Samples: Lease Agreement (KBS Real Estate Investment Trust II, Inc.)

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Storage Space. If exercised by Tenant from time to time on or prior to the Commencement Date and to be effective as of the Commencement Date (and thereafter on an as-available basis) for the Lease Term (including renewal options), Tenant shall have the option, right to be exercised by written notice to Landlord on or before October 1, 2002, to lease occupy up to 300 One Thousand (1,000) usable square feet of storage contiguous, dry space located in the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants lower level of the Building (i.e.the “Storage Space”), not included as part of with elevator access to the base rent) at the time of the commencement of such Renewal Termupper floors, which may be used for storage and/or ancillary office purposes. The annual rent rental rate for such space shall be payable in equal monthly installments Fifteen & 00/100 Dollars ($15.00) per useable square foot thereof, with no increases thereto during the Term of this Lease. Except as set forth herein, there shall be no Additional Rent applicable to the Storage Space, if taken by Tenant, whether for operating expenses, real estate taxes, or other such expenses. In the event Tenant at any time requires HVAC or janitorial for such Storage Space taken by it, the agreed upon cost thereof shall be reimbursed by Tenant as Additional Rent under this Lease. Landlord agrees to paint such Storage Space, provide demising partitioning with a Building standard door and lockset, and hang basic lighting fixtures from the ceiling, all at Landlord’s sole expense. If Tenant has taken the Storage Space then, commencing on the Rent Commencement Date (or, if later, the date Tenant takes the Storage Space) and on the first day of each calendar month falling within the term of the leasing of the storage space. There thereafter, Tenant shall be no additional rent or other charges due for such storage space; accordinglypay, on a monthly basis, the cost of all electricity utilized for or in connection with the Storage Space, as evidenced by a check meter or submeter (if so installed at Landlord’s sole cost and expense) or as otherwise reasonably estimated by Landlord and agreed to by Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage space.

Appears in 1 contract

Samples: Deed of Lease (NCI, Inc.)

Storage Space. Landlord agrees to make available to Tenant storage space in the Building containing approximately one thousand (1,000) usable square feet. Such storage space shall be made available by Landlord to Tenant on the Lease Commencement Date and no rent shall be payable by Tenant to Landlord for the same for the period beginning on the date the same is delivered by Landlord to Tenant through the Rent Commencement Date. The annual gross rent for the storage space leased by Tenant shall be Fifteen Dollars ($15.00) per usable square foot in such space for the one-year period beginning on the Rent Commencement Date. Such monthly gross rent for storage space leased by Tenant shall be increased by three percent (3%) on each anniversary of the Rent Commencement Date. Tenant shall not be required to pay any portion of Operating Expenses or Real Estate Tax Expenses attributable to the storage space leased by it. In no event shall Tenant’s Share be increased as a result of Tenant’s lease of storage space in the Building. Landlord shall notify Tenant of the availability of storage space in the Building as and when it becomes available. All storage space leased by Tenant shall be built out by Landlord, at Landlord’s cost, to contain only the following: the storage space shall consist of cinder block walls, if located in the Garage, and the storage space shall have a steel, locked door and shall contain reasonable lighting, a reasonable number of electrical outlets and an exhaust fan for ventilation. Tenant shall have the option, right at any time to be exercised by written notice to Landlord on cancel its lease of all or before October 1, 2002, to lease up to 300 square feet any portion of storage space located in the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of leased by it on not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage spaceLandlord.

Appears in 1 contract

Samples: Deed of Lease (Watson Wyatt & Co Holdings)

Storage Space. Landlord shall lease to Tenant, and Tenant shall have the optionlease from Landlord, to be exercised by written notice to Landlord on or before October 1for a term coterminous with this Lease, 2002, to lease up to 300 a total of 2,211 usable square feet of storage space located space, being on Level P3 of the Building (the “Storage Space”), for the purpose of general office storage use and/or for storage of Tenant’s miscellaneous training materials and supplies, store fixtures, samples, merchandise, promotional goods and materials, and other supplies for office or retail use in Tenant’s business and for no other purpose. Such Storage Space will be caged and locked. Tenant shall pay as a “gross rent” for the Storage Space the amount of $12.00 per annum per usable square foot of the Storage Space in equal monthly installments. Such rent shall be payable on or before the first (1st) day of each month during the Term in the Parking Garagemanner set forth in this Lease. If Tenant exercises shall not permit the use or occupancy of the Storage Space by any person or entity other than Tenant, its option to lease any such storage spaceagents or employees. Upon Tenant’s leasing of the Storage Space, then (i) Tenant shall accept the Storage Space in its “AS IS” condition and agrees that Landlord shall deliver have no obligation to make any improvements to the same to Tenant within ninety (90) days after Storage Space. The lease of the date of Tenant's exercise notice, (ii) the storage space Storage Space shall be delivered governed by all of the other terms and conditions of the Lease including, but not limited to, the indemnity and insurance provisions therein, except that the square footage of the Storage Space shall not be used in calculating Basic Rent for the Leased Premises, Additional Rent, or any tenant improvement allowance hereunder or any other calculation based upon the rentable square footage of the Leased Premises. Tenant hereby agrees to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and provide Landlord with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term certificate evidencing insurance coverage of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto Space prior to Landlord's delivery Tenant’s occupancy of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments Storage Space is depicted on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage spaceSchedule “G-5” attached hereto.

Appears in 1 contract

Samples: Lease Agreement (Carters Inc)

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Storage Space. Tenant shall have the optionLandlord shall, to be exercised by written notice to Landlord commencing on or before October March 1, 20022006, to and continuing for the balance of the Term, make available for Tenant’s use and for lease by Tenant up to 300 approximately 3,000 rentable square feet of storage space located in (“Storage Space”) at the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term lower level of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content Building as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be and approved by Tenant. Tenant shall have the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenantright, upon at least thirty (30) days prior written advance notice to Landlord given at delivered to Landlord no later than November 1, 2005 (“Tenant’s Storage Space Election Notice”), and thereafter subject to availability, to lease such storage space (or any timeportion thereof). Such storage space shall be in one contiguous block (if available, may terminate the term or otherwise configured in a manner reasonably acceptable to Tenant), secure (i.e., having a lockable entrance), sprinkled and lighted in accordance with all Laws and located in a portion of the leasing lower level of the Building designated by Landlord with reasonable access to and from the Building freight elevators and loading docks. Tenant acknowledges that any such space shall be created in the parking garage of the Building, and Tenant agrees that it shall be responsible for payment of all costs incurred by Landlord in creating such storage space. Tenant shall use such storage space for purposes of storing files, records, furniture, equipment, supplies, attic stock and materials of the type customarily used by office building tenants, and for no other purposes. Tenant shall pay Rent for such storage space at the gross rental rate (i.e., there shall be no Operating Cost Share Rent or Tax Share Rent separately payable for any such storage space) of $12.00 per square foot of rentable area thereof if leased during the first Lease Year of the Term, subject to $0.40 per rentable square foot annual increases during the Term. Tenant’s use of such storage space shall be subject to such reasonable rules and regulations as Landlord from time to time may promulgate on a non-discriminatory basis.

Appears in 1 contract

Samples: Lease Agreement (United Stationers Inc)

Storage Space. Tenant shall have the option, to be exercised by written notice to Landlord on or before October 1, 2002, right to lease up to 300 (a) approximately 2,000 square feet of storage space located (the “Storage Space”) and (b) approximately 300 square feet of additional storage space for storage of Tenant’s bicycles only (“Bike Storage”) in the Parking Garage. If Project parking facility; provided, however, if, after the first twelve (12) months of the Lease Term, Tenant exercises its option has not commenced leasing or ceases to lease the Storage Space or Bike Storage, as applicable, any such storage space, then subsequent leasing of the Storage Space or Bike Storage by Tenant shall be subject to availability. The exact size of the Storage Space and the location thereof shall be reasonably determined by Landlord. The location of the Bike Storage shall be reasonably and mutually agreed upon by Landlord and Tenant. Tenant shall pay rent equal to (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 2.50 per square foot of the storage space Storage Space per annum. During month and (ii) $2.50 per square foot of the portion Bike Storage, all along with Tenant’s payments of Base Rent for the Premises, which Storage Space and Bike Storage rental rate shall be increased by three and one-half percent (3.5%) annually during the term of the leasing Tenant’s lease of the storage space that occurs during any Renewal TermStorage Space and/or Bike Storage. In addition, Tenant shall pay to for, or reimburse Landlord for for, any Landlord-provided utilities used in connection with the Storage Space and/or Bike Storage. Tenant shall comply with such space annual rent at a rate reasonably determined rules and regulations as promulgated by Landlord from time to be time pertaining to the prevailing rate for storage space use of such Storage Space and Bike Storage and, in connection therewith, Tenant agrees that Tenant’s obligations under this Lease, including, but without limitation thereof, Article 10 will specifically apply to the Parking Garage leased separately to other tenants of Storage Space and Bike Storage as if the Building (i.e., not included as Storage Space and Bike Storage were a part of the base rent) at Premises. Tenant agrees not to store any flammable, combustible or other materials in the time Storage Space and Bike Storage that would increase the cost of Landlord’s insurance, and not to store any toxic, hazardous or odorous materials or waste in the commencement Storage Space and Bike Storage. Tenant also agrees not to store excess or highly concentrated weight in the Storage Space. Further, Tenant agrees not to store anything else in the Bike Storage except for bicycles. Tenant agrees to use the Storage Space solely for storage purposes of such Renewal Term. The annual rent dry goods and not as office or other space and that the Bike Storage shall be payable used solely for storage of bicycles. Subject to Article 27, Tenant agrees that Landlord and its agents may enter and inspect the Storage Space and/or Bike Storage during normal Building Hours, on not less than one (1) business day’s prior notice (except in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There an emergency in which case no prior notice shall be no additional rent required). Tenant shall deliver to Landlord a key for any locks installed by Tenant for Landlord’s emergency entry purposes. Notwithstanding anything to the contrary contained in this Lease, Tenant accepts the Storage Space and Bike Storage in their presently existing “as is”, “with all faults”, “without any warranties or other charges due for such storage space; accordingly, the Tenant's Proportionate Share representations” condition and Landlord shall not be increased obligated perform any improvement or other work in connection with the Storage Space or Bike Storage. No obligations of Landlord under this Lease with respect to reflect the addition Premises or Base Building shall apply to the Storage Space or Bike Storage. Tenant may make interior, non-structural modifications to the Storage Space and/or Bike Storage only in accordance with the terms of Article 8 of this Lease. Landlord shall have the storage space. Tenantright, upon at least not less than thirty (30) days prior written notice to Tenant, to substitute for the Storage Space and/or Bike Storage comparable storage area within the Project having reasonably comparable access to and reasonably equivalent usable area as the Storage Space or Bike Storage, as applicable, provided that Landlord given shall pay all expenses reasonably incurred in moving and installing Tenant’s property to such new location; and upon the expiration of such 30-day written notice, the new Storage Space or Bike Storage, as applicable, shall be deemed to be the Storage Space or Bike Storage, as applicable, covered by this terms of this Section 29.48. Tenant agrees to, at all times, maintain the Storage Space and Bike Storage in neat and orderly condition and repair. Tenant acknowledges that Landlord shall have no obligation to provide any timesecurity, may terminate services, maintenance, work or improvements whatsoever for the term of the leasing of the storage spaceStorage Space or Bike Storage.

Appears in 1 contract

Samples: Office Lease (TrueCar, Inc.)

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