REAL ESTATE LEASE
This Lease Agreement (this “Lease”) is dated January 01, 2003, by and between Joe Black (“Landlord”), and Computer Software Innovations, Inc (“Tenant”). The parties agree as follows:
PREMISES. Landlord, in consideration of the lease payments provided in this Lease, leases to Tenant Office Building comprising approximately 4800 square feet (the “Premises”) located at 1661 East Main Street, Easley, SC 29640.
TERM. The lease term will begin on January 01, 2003 and will terminate on December 31, 2005.
LEASE PAYMENTS. Tenant shall pay to Landlord monthly installments of $2,800.00, payable in advance on the first day of each month. Lease payments shall be made to the Landlord at 204 Mt Calvary Church Road, Easley, SC 29642, which address may be changed from time to time by the Landlord.
POSSESSION. Tenant shall be entitled to possession on the first day of the term of this Lease, and shall yield possession to Landlord on the last day of the term of this Lease, unless otherwise agreed by both parties in writing. At the expiration of the term, Tenant shall remove its goods and effects and peaceably yield up the Premises to Landlord in as good a condition as when delivered to Tenant, ordinary wear and tear excepted.
PROPERTY INSURANCE. Landlord and Tenant shall each maintain appropriate insurance for their respective interests in the Premises and property located on the Premises.
RENEWAL TERMS. This Lease shall automatically renew for an additional period of 1 year, unless either party gives written notice of termination no later than 60 days prior to the end of the term or renewal term. The lease terms during any such renewal term shall be the same as those contained in this Lease except that the lease installment payments shall increase by 3 % (percent) at the beginning of each renewal period.
MAINTENANCE. Tenant shall have the responsibility to maintain the Premises in good repair at all times during the term of this Lease.
TAXES. Tenant shall pay all real estate taxes and assessments which are assessed against the Premises during the time of this Lease.
DEFAULTS. Tenant shall be in default of this Lease if Tenant fails to fulfill any lease obligation or term by which Tenant is bound. Subject to any governing provisions of law to the contrary, if Tenant fails to cure any financial obligation within 5 days (or any other obligation within 10 days) after written notice of such default is provided by Landlord to Tenant, Landlord may take possession of the Premises without further notice (to the extent permitted by law), and without prejudicing Landlord’s rights to damages.
CUMULATIVE RIGHTS. The rights of