Common Contracts

FOR DISCUSSION PURPOSES ONLY ADDENDUM NO. 1 Lease Rate, Annual Increase, Renewals and Right of First Refusal

August 24th, 2020

• Filed
  August 24th, 2020

This Addendum No. 1 (“Addendum”) is made and entered into effective as of the ____ day of ________________, 2020, as an addendum to the Standard Commercial/Industrial Building Lease dated _______________, 2020 (the “Lease”), between Hollingsworth Investments XI, a Tennessee general partnership (“Lessor”), and ________________________, a ______________________ [corp/LLC/general partnership] (“Lessee”), and ________________________, a ______________________ [corp/LLC/general partnership] (“Guarantor”), for a 108,960 square foot building located at 212 Quality Drive, Mocksville, NC 27028, being 14.651 +/- acres in the SouthPoint Industrial Park (collectively, the building and land shall be referred to as the “Premises”).