This document provides addendums to a shopping center lease. The tenant agrees to pay as an additional charge each month for its proportionate share of the reasonable cost of operation, repair and maintenance of the common area (including, among other costs, those incurred for lighting, water, sewerage, sanitary control, painting, cleaning, paving, removal of snow, ice, trash and garbage, policing, landscaping, repairing, replacing guarding and protecting clothes) which may be incurred by the landlord and five percent (5%) of the foregoing costs to cover the landlord's and administration and supervisory costs.
Oregon Addendums to Shopping Center Lease are legal documents that supplement and modify the terms and conditions of a standard Shopping Center Lease agreement in the state of Oregon. These addendums are designed to address specific considerations and requirements unique to Oregon and to ensure compliance with the state's regulations. There are various types of Oregon Addendums to Shopping Center Lease that cater to specific circumstances and contingencies. Some common examples include: 1. Oregon Environmental Addendum: This addendum focuses on environmental concerns and regulations, ensuring that the shopping center remains compliant with Oregon's laws regarding waste management, hazardous materials, contamination, and other environmental issues. It may outline responsibilities for the landlord and tenant to prevent and address any potential environmental hazards. 2. Tenant Improvement Addendum: This addendum specifies the conditions and procedures for making alterations or improvements to the leased premises by the tenant. It outlines the approval process, responsibilities, and potential liability for both the landlord and the tenant regarding any modifications made to the shopping center space. 3. ADA Compliance Addendum: This addendum is specifically related to compliance with the Americans with Disabilities Act (ADA) guidelines. It outlines the obligations and responsibilities of both the landlord and the tenant concerning accessibility requirements, including parking spaces, ramps, handrails, signage, and other provisions necessary for accommodating individuals with disabilities. 4. Maintenance and Repair Addendum: This addendum details the obligations of the landlord and tenant regarding the maintenance and repair of the shopping center premises. It addresses issues such as common areas, structural maintenance, plumbing, electrical systems, heating, ventilation, and air conditioning (HVAC) units, waste disposal, and landscaping. 5. Insurance Addendum: This addendum focuses on insurance requirements and liabilities for the landlord and tenant. It may outline specific coverage types, minimum policy limits, and naming additional insured parties. This addendum helps protect both parties in case of property damage, personal injuries, and any other potential liabilities and losses. 6. Exclusive Use Addendum: This addendum outlines any exclusivity rights granted to the tenant within the shopping center. It may restrict the landlord from leasing to other businesses that may compete directly with the tenant's business, giving them an edge in the market. These Oregon Addendums to Shopping Center Lease cater to the unique legal and regulatory landscape of the state, ensuring that all parties involved are aware of their obligations, rights, and liabilities. It is important for both landlords and tenants to review and understand these addendums thoroughly before entering into a lease agreement to protect their interests and maintain compliance with Oregon's laws.
Oregon Addendums to Shopping Center Lease are legal documents that supplement and modify the terms and conditions of a standard Shopping Center Lease agreement in the state of Oregon. These addendums are designed to address specific considerations and requirements unique to Oregon and to ensure compliance with the state's regulations. There are various types of Oregon Addendums to Shopping Center Lease that cater to specific circumstances and contingencies. Some common examples include: 1. Oregon Environmental Addendum: This addendum focuses on environmental concerns and regulations, ensuring that the shopping center remains compliant with Oregon's laws regarding waste management, hazardous materials, contamination, and other environmental issues. It may outline responsibilities for the landlord and tenant to prevent and address any potential environmental hazards. 2. Tenant Improvement Addendum: This addendum specifies the conditions and procedures for making alterations or improvements to the leased premises by the tenant. It outlines the approval process, responsibilities, and potential liability for both the landlord and the tenant regarding any modifications made to the shopping center space. 3. ADA Compliance Addendum: This addendum is specifically related to compliance with the Americans with Disabilities Act (ADA) guidelines. It outlines the obligations and responsibilities of both the landlord and the tenant concerning accessibility requirements, including parking spaces, ramps, handrails, signage, and other provisions necessary for accommodating individuals with disabilities. 4. Maintenance and Repair Addendum: This addendum details the obligations of the landlord and tenant regarding the maintenance and repair of the shopping center premises. It addresses issues such as common areas, structural maintenance, plumbing, electrical systems, heating, ventilation, and air conditioning (HVAC) units, waste disposal, and landscaping. 5. Insurance Addendum: This addendum focuses on insurance requirements and liabilities for the landlord and tenant. It may outline specific coverage types, minimum policy limits, and naming additional insured parties. This addendum helps protect both parties in case of property damage, personal injuries, and any other potential liabilities and losses. 6. Exclusive Use Addendum: This addendum outlines any exclusivity rights granted to the tenant within the shopping center. It may restrict the landlord from leasing to other businesses that may compete directly with the tenant's business, giving them an edge in the market. These Oregon Addendums to Shopping Center Lease cater to the unique legal and regulatory landscape of the state, ensuring that all parties involved are aware of their obligations, rights, and liabilities. It is important for both landlords and tenants to review and understand these addendums thoroughly before entering into a lease agreement to protect their interests and maintain compliance with Oregon's laws.