R-111-16 Approving a Commercial Lease agreement with Edward Berki DBA Pacific Ocean Drive 3315 LLC for 1595 W Valley Blvd

Browse Search

The Security Deposit shall be held by Landlord as security for Tenant's performance of the terms of this Lease. Landlord may (but shall not be required to) use all or any part of the Security Deposit to cure any default of Tenant under the Lease (after any required notice and expiration of any applicable cure period) or to compensate Landlord for any loss or damage which Landlord may incur as a result of Tenant's default. Tenant shall not be entitled to interest on the Security Deposit and Landlord shall not be required to keep the Security Deposit separate from its general funds. Where there have been no defaults by Tenant or where all applicable deductions from Security Deposit have been made as hereinabove provided, Landlord shall refund the then existing balance of the Security Deposit to Tenant within thirty (30) days of expiration or termination of this Lease. 5. Place of Payment of Rent. Rent and all other sums which shall become due under this Lease, including but not limited to late charges and additional rent, shall be payable by hand delivery or mail at the office of the Landlord at 650 N. La Cadena Drive, Colton, CA 92324, Attn: City Manager, or at such other place as Landlord may designate from time to time in writing. Mailed payments must be received (not postmarked) by Landlord by the date due. 6. Condition of, and Improvements to, Property. a. improvements. Under this Lease, Landlord shall have no obligation or responsibility, actual or implied, to install, construct, accommodate, or make any improvements to the Property prior to, or as a condition of, Tenant's occupation of the Property. b. As -Is Condition. Tenant warrants and agrees that Tenant has inspected the Property. Tenant agrees to take possession of the Property in an AS -IS condition (which exists on the date this Lease is signed) and Tenant further agrees that Landlord shall have no responsibility for any repairs or improvements to the Property, prior to, or as a condition of, Tenant's occupation of the Property. Landlord makes no representations regarding the condition, status, compliance with laws or suitability for a particular purpose for Tenant's use. C. Condition Upon -Surrender. Upon termination of this Lease, Tenant shall surrender the Property to Landlord in as good condition as when received, ordinary wear and tear and damage by fire, earthquake, or act of God excepted, and including any repairs or improvements made by Tenant. If Tenant fails to maintain the Property in good order and repair, after thirty (30) days' prior written notice, Landlord may, at its option, make such repairs, and Tenant shall pay the reasonable cost thereof as additional rent hereunder within ten (10) days after receipt of a written statement therefor. In the event the giving of thirty (30) days' prior notice may result in additional damage to the Property, Landlord may make such repairs, at Tenant's expense, without thirty days' prior written notice. d. CASA Disclosure. The Building has not undergone inspection by a Certified Access Specialist (CASp) as referenced in California Civil Code Section 1938, 7. Use. The Property shall be used only for the operation of Three Star Auto Sales. Tenant shall not use any portion of the Property for purposes other than those specified without first obtaining the written consent of Landlord. Tenant shall not do, bring, or keep anything in, on, or about the Property which will in any way increase the premium rate or cause the cancellation of any fire or other insurance upon the Property, the building in which the Property are located, or