Exhibit 10.65
AGREEMENT OF LEASE RENEWAL
BY AND AMONG
XXXXXXXX X. XXXXXXX, OR HER SUCCESSOR, TRUSTEE UNDER THE
XXXXXXXX X. XXXXXXX REVOCABLE TRUST DATED SEPTEMBER 15, 0000
XXXXXXXX
XXXXX XXXXXX STUDENT LOAN AUTHORITY
TENANT
Exhibit 10.65
TERMS AND CONDITIONS
Reference
Subjects Referred To. Each Reference in this Lease Renewal to any of
the following subjects shall be construed to incorporate the data for that
subject in this Article:
PARTIES:
Landlord: Xxxxxxxx X. Xxxxxxx, or her successor, Trustee under the
Xxxxxxxx X. Xxxxxxx Revocable Trust dated September 15, 1992.
MANAGING AGENT: NA
LANDLORD'S ADDRESS FOR NOTICE:
Summer - 00 Xxxxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
Winter - 0000 Xxxxxx Xxxx Xxxxx 0-X
Xxxxxxx, XX 00000
CHECKS TO: Xxxxxxxx X. Xxxxxxx as Trustee
TENANT: RHODE ISLAND STUDENT LOAN AUTHORITY
TENANT'S ADDRESS FOR BILLING AND NOTICE:
ATTN: Executive Director
000 Xxxxxxxxx Xxxxxxxxx
Xxxxxxx, XX 00000
BUILIDING & LEASED Premises: Approximately 1,440 rentable square feet on the 2nd
floor (the "Premises") in the building located at 000 Xxxxxxxxx Xxxxxxxxx,
Xxxxxxx, XX 00000 #203.
TERM: Three Years
Commencement Date June 1, 2002
Expiration Date May 31, 2005
MONTHLY BASE RENT: rent / sf = $12.00 NNN
Condo fee = $1.91 + RE tax = $2.50
Annual Rent = $23,630.40
Monthly Rent = $1,969.20
Increase amount due on Security Deposit: $0.00
The new Tax Base is $3,599.29
The Condominium fee Base is $2,756
REAL ESTATE TAXES &
CONDOMINUM FEES: Tenant is responsible for any increases over
the Base Year 1999 Real Estate taxes (actual
2000 / 2001) = $3,599.29 and Base Year 2002
Condominium Fees (actual 2001 = $2,756). Any
increases after the Base Year 2001 will be
billed by Landlord to Tenant.
BROKER: NA
RENT COMMENCES: June 1, 2002
PROPORTIONATE SHARE: 6.84%
UTILITES: All Utilities will be paid by Tenant.
PERMITTED USE OF THE PREMISES: For general office use only and not for
retail sales or bulk storage or uses
requiring above building standard
structural, electrical or HVAC facilities.
TENANT INSURANCE REQUIREMENTS: Public Liability Insurance
Bodily Injury: $500,000
Property Damage: $500,000
SECURITY DEPOSIT: $3,412.80
GUARANTOR: Rhode Island Student Loan Authority
This Lease Renewal is on the same terms and conditions as the Initial Lease Term
dated and signed by both parties June 1, 1999.
IN WITNESS WHEREOF the parties hereto have set their hands and seals in three
counter part copies, each of which counterpart copy shall be deemed an original
for all purposes, as of the date and year first above written:
Landlord:
By /s/ Xxxxxxxx X. Xxxxxxx
----------------------------------
Xxxxxxxx X. Xxxxxxx as Trustee
Tenant:
By:/s/ Xxxxxxx X. Xxxxxx
----------------------------------
/s/ Executive Director Rhode Island Student Loan Authority
STATE OF FLORIDA
COUNTY OF XXX
In ____________________________________________________________ in said County
____________________________ and State, on the _________________ day of
_____________ 2002, before me personally appeared
________________________________________________, to me known and known by me to
be the party executing the foregoing instrument, for and on behalf of
__________________________________________ and acknowledge said instrument, by
executed, to be the free act and deed, free act and deed in capacity as
aforementioned, and the free act and deed of
_________________________________________________
Notary Public
Commission expires ___________________
STATE OF RHODE ISLAND
COUNTY OF KENT
In ______________________________________________________________ in said County
______________________________ and State, on the _________________ day of
______________ 2002, before me personally appeared
_________________________________________________, to me known and known by me
to be the party executing the foregoing instrument, for and on behalf of
__________________________________ and acknowledge said instrument, by executed,
to be the free act and deed, free act and deed in capacity as aforementioned,
and the free act and deed of ________________________________________________
Notary Public
Commission expires___________________
