Common Contracts

ADDENDUM NO. 1 Lease Rate, Annual Increase, and Renewals

Lease Agreement • November 11th, 2021

• Contract Type
  Lease Agreement
• Filed
  November 11th, 2021

This Addendum No. 1 (“Addendum”) is made and entered into effective as of the ____ day of ________________, 2021, as an addendum to the Standard Commercial/Industrial Building Lease dated _______________, 2021 (the “Lease”), between Summit Properties Partnership, a Tennessee general partnership (“Lessor”), and Multipack Services Intermediate, LLC, a Delaware limited liability company (“Lessee”), and Claramond Multipack Holdings, a ____________________________________ (“Guarantor”), for a 194,880 square foot building located at 6162 Quality Way, Prince George, Virginia, being 20.474 +/- acres in the SouthPoint Business Park (collectively, the building and land shall be referred to as the “Premises”).