LEASE AMENDMENT VII
Exhibit 10.33
LEASE AMENDMENT VII
THIS LEASE AMENDMENT (the "Amendment") is made as of the 28 day of February 2003, by and between XXXXXXXXX VILLAGE ASSOCIATES ("Landlord") and American Rental Management Company ("Tenant").
WITNESSETH:
WHEREAS, Landlord and original tenant entered into a lease for certain commercial space in Xxxxxxxxx Xxxxxxx Xxxxxxxx Xxxxxx, Xx.Xxxxxxx, Xxxxxxxx dated December 1, 1987 the "Lease"; and
WHEREAS, Lease was amended by Lease Amendment dated February 1, 1989; and
WHEREAS, Lease was further amended by Lease Amendment II dated December 1, 1992; and
WHEREAS, Lease was further amended by Lease Amendment III dated September 30, 1994; and
WHEREAS, Lease was further amended by Lease Amendment IV dated September 5, 1995; and
WHEREAS, Lease was assigned to American Rental Management Company by Assignment and Assumption dated September 1, 1998; and
WHEREAS, Lease was further amended by Lease Amendment V dated September 1, 2000; and
WHEREAS, Lease was further amended by Lease Amendment VI dated July 24, 2002; and
WHEREAS, Tenant wishes to further amend the Lease by increasing square footage of the premises.
NOW THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein, the parties agree as follow:
- In Article 1 of Lease, the number "3,509" square feet which was amended to read "4,734" square feet was amended to read "6,120" square feet was amended to read "3,980" is now further amended to read "4,179" square feet.
- Effective March 1, 2003, rental charge will be according to the attached schedule on page 3.
- Except as specifically modified by this Amendment, the terms and provisions of the Lease will continue in full force and effect.
IN WITNESS WHEREOF, the undersigned have duly executed this Amendment, or caused this Amendment to be executed by their duly authorized representatives.
|
|
By: |
XXXXXXXXX VILLAGE ASSOCIATES |
|
/s/ Xxxx Xxxxx Xxxxxx |
/s/ Xxxxxx X. Xxxxx |
|
|
By: |
American Rental Management Company |
|
|
/s/ Xxxxxxx X. Xxxxxxx |
/s/ Xxxx Xxxxxx, Senior Vice President |
State of Maryland
SS:
County of Xxxxxxx
Before me, a Notary Public in and for the jurisdiction aforesaid, personally appeared this date Xxxxxx X. Xxxxx. Personally well known (or satisfactorily proven) to me to be the Vice President of Interstate Business Corporation a Delaware corporation, who being by me first duly sworn, did acknowledge that he/she, as the duly authorized officer of said Corporation, executed the foregoing and annexed instrument, in the name and on behalf of the Corporation, as its free act and deed for the uses and purposes contained herein.
WITNESS my hand and official seal this 4th day of March, 2003.
|
/s/ Xxxxxxxxx X. Xxxxxxx |
My commission expires 11/1/06 |
|
Square Feet |
Rent per Square Foot |
Annual Minimum Rent |
Monthly Minimum Rent |
CAM |
Total Monthly Rent |
|
1/3 of 2016=672 sq. ft |
$ 4.00 |
$ 2,688.00 |
$ 224.00 |
$ - |
$ 224.00 |
|
1386 sq. ft. |
8.00 |
11,088.00 |
924.00 |
- |
924.00 |
|
1145 sq. ft. |
9.75 |
11,163.72 |
930.31 |
85.87 |
1,016.18 |
|
628 sq. ft. |
11.88 |
7,463.04 |
621.92 |
68.03 |
689.95 |
|
348 sq. ft. |
9.45 |
3,288.60 |
274.05 |
26.10 |
300.15 |
|
* |
Interstate Business Corporation
Executive Offices: 000 Xxxxxxxxx Xxxxxxx Xxxxxx, Xx. Xxxxxxx, Xxxxxxxx 00000
(000) 000-0000 or Metro-D.C. 843-7333
February 28, 2003
Xxxxxxxxx Village Associates
000 Xxxxxxxxx Xxxxxxx Xxxxxx
Xx. Xxxxxxx, Xxxxxxxx 00000
American Rental Management Company
000 Xxxxxxxxx Xxxxxxx Xxxxxx
Xx. Xxxxxxx, Xxxxxxxx 00000
Re: Lease from Xxxxxxxxx Village Associates
To American Rental Management Company
Ladies and Gentlemen:
In connection with the lease amendment dated February 28, 2003 (the "ARMC Lease") between Xxxxxxxxx Village Associates ("SVA"), as Landlord, and American Rental Management Company ("ARMC"), as Tenant, the undersigned, Interstate Business Corporation ("IBC"), agrees to bear the responsibility for subleasing all or part of the premises demised under the ARMC Lease if ARMC decides to vacate said premises and sublease same in accordance with said ARMC Lease.
We understand that you will rely on the assurance provided in this letter and that you may disclose this letter to lender(s) with mortgage(s) or deed(s) of trust on the Xxxxxxxxx Village Center property.
Very truly yours,
INTERSTATE BUSINESS CORPORATION
By: /s/ J. Xxxxxxx Xxxxxx
Xxxxx Xxxxxxx Xxxxxx
President
