Back to top

STANDARD LEASE RENEWAL FORM

Lease Agreement

STANDARD LEASE RENEWAL FORM | Document Parties: CERADYNE INC | TRICO RENTS You are currently viewing:
This Lease Agreement involves

CERADYNE INC | TRICO RENTS

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: STANDARD LEASE RENEWAL FORM
Date: 3/16/2006
Industry: Aerospace and Defense     Sector: Capital Goods

50 of the Top 250 law firms use our Products every day

Exhibit 10.47

 

 

 

 

Date: July 14, 2005

 

Extension: 1

STANDARD

LEASE RENEWAL FORM

LEASE to be renewed is that certain lease described as follows:

 

 

 

 

Lessor:

  

TRICO RENTS, a California General Partnership

 

 

Lessee:

  

CERADYNE, INC., a Delaware Corporation

 

 

Property Leased:

  

205 Paularino Avenue, Costa Mesa, CA 92626

 

 

Lease Dated:

  

January 5, 2005

The term of the referenced Lease is hereby extended from:

November 1, 2005 through October 31, 2010

With the following changes only:

A. Security Deposit increased from $5,220.00 to $5,860.00

B. Rent. The monthly rent for the period of this Lease Extension will be:

 

 

 

 

 

Months

  

Monthly Rent

11/01/05 – 10/31/06

  

$

5,100.00

11/01/06 – 10/31/07

  

$

5,253.00

11/01/07 – 10/31/08

  

$

5,410.00

11/01/08 – 10/31/09

  

$

5,573.00

11/01/09 – 10/31/10

  

$

5,740.00

The above rental schedule does not include the estimated monthly Common Area Operating Expense, which is currently $120.00

C. Late Rent Adjustments. Notwithstanding other provisions in this lease which pertain to the payment of rent, or late charges, it is understood and agreed that if the Lessee fails to pay the rent specified in this lease, within the timeframe specified, for three (3) or more times in any twelve (12) month period after the commencement date of this lease, then the Lessor may, at the Lessor’s option, increase the monthly rent for the balance of the lease by ten (10) percent. Said increase shall commence after the Lessor gives the Lessee a thirty day notice, in writing, that the increase shall go into effect.

D. Restoration of the Premises. On or before the scheduled termination of this Lease, or any variations thereof, the Lessee shall at Lessee’s expense restore the Premises to the original condition, taking into consideration the reasonable wear and tear of the Premises and in accordance to the provisions of this lease. The requirements of restoration in this paragraph shall not exceed the requirements of restoration in the original lease term.

E. Option to Cancel. Lessee shall have the right to cancel this Lease causing same to become null and void and of no furth


SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Close this window