Common Contracts
1 similar Commercial Lease Agreement contracts
Topic: Police Academy Housing Lease AgreementCommercial Lease Agreement • November 22nd, 2022 • Illinois
As part of the College’s Police Academy, 30 police officers will require housing as part of their residential training. Westridge Apartments (located at 1612 Sauk Road and owned by Northridge Properties of Dixon, Illinois) has been identified as the academy’s proposed housing provider. Eight four-bedroom units and office space for administration have been designated to meet the residential needs of the officers. A commercial lease agreement has been drafted by Northridge Properties and the police academy leadership, beginning January 1, 2023, and ending December 31, 2023. The agreement will automatically renew annually with a term beginning on January 1 and ending on December 31. As part of the agreement, the College will provide monthly installments of $10,500 for the apartments and $1,000 for office space, totaling
