ContractUtah • May 5th, 2020
Jurisdiction FiledMay 5th, 2020<DOCUMENT> <TYPE>EX-10.7 <SEQUENCE>11 <FILENAME>0011.txt <DESCRIPTION>LEASE AGREEMENT <TEXT> Exhibit 10(vii) LEASE AGREEMENT (NNN) 1. PARTIES. This Lease, dated for reference purposes only, October 29, 1998, is made by and between John Afridi (herein called "Landlord") and RTO OPERATING, INC. D/B/A HomeChoice (herein called "Tenant"). 2. PREMISES. Landlord hereby leases to Tenant and Tenant leases from Landlord for the term at the rental, and upon all of the conditions set forth herein, that certain real property situated in the County of Salt Lake, State of Utah commonly known as 1374 South State Street, Salt Lake City, Utah and described as: Approximately 4,500 Square Feet of Showroom/Retail/Storage space, and herein referred to as the "Premises". 3. TERM. 3.1 Term. The term of this Lease shall be for five (5) years commencing on February 1, 1999 and ending on January 30, 2004 unless sooner terminated pursuant to any provision hereof. Tenant shall have an option to renew this lease f