Pima Arizona Addendums to Shopping Center Lease

• Category: Landlord Tenant - Commercial Leases - Shopping Centers
• State: Multi-State
• County: Pima
• Control #: US-60947
• Format: Word; Rich Text

Description

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. Lima Arizona Addendums to Shopping Center Lease are legally binding documents that serve as additions or modifications to the original lease agreement of a shopping center in Lima, Arizona. These addendums provide further clarification, terms, conditions, and agreements between the landlord and tenant(s) involved in the lease. Here are a few types of Lima Arizona Addendums to Shopping Center Lease that may exist: 1. Tenant Improvement Addendum: This addendum outlines the responsibilities, limitations, and guidelines regarding tenant improvements or alterations to the leased space. It may include provisions for construction permits, insurance requirements, and the overall scope of the tenant improvement project. 2. Exclusive Use Addendum: This addendum grants a tenant the exclusive right to offer or sell specific goods or services within the shopping center, ensuring they have limited competition for their specific business category. It outlines the terms and conditions of this exclusivity and any exceptions or restrictions related to other tenants. 3. Common Area Maintenance (CAM) Addendum: The CAM addendum specifies the responsibilities of the tenant in contributing to the costs associated with the maintenance, repair, and operation of common areas shared by all tenants within the shopping center. It details the calculation method for CAM charges, frequency of payments, and the scope of covered expenses. 4. Extension or Renewal Addendum: This addendum addresses the extension or renewal of the lease term beyond its original expiration date. It outlines the terms, conditions, and procedures to be followed for the tenant and landlord to agree upon extending the lease period. 5. Assignment and Sublease Addendum: This addendum governs the circumstances and process under which a tenant may assign the lease to another party or sublease the premises partially or entirely to another tenant. It specifies the landlord's consent, the criteria for approving a new tenant, and any additional terms and conditions that apply. In summary, Lima Arizona Addendums to Shopping Center Lease documents are supplemental agreements that provide further details, rights, and obligations for tenants and landlords within the shopping center. These addendums address various specific needs such as tenant improvements, exclusivity, common area maintenance, lease extensions or renewals, and assignments/subleasing.

Lima Arizona Addendums to Shopping Center Lease are legally binding documents that serve as additions or modifications to the original lease agreement of a shopping center in Lima, Arizona. These addendums provide further clarification, terms, conditions, and agreements between the landlord and tenant(s) involved in the lease. Here are a few types of Lima Arizona Addendums to Shopping Center Lease that may exist: 1. Tenant Improvement Addendum: This addendum outlines the responsibilities, limitations, and guidelines regarding tenant improvements or alterations to the leased space. It may include provisions for construction permits, insurance requirements, and the overall scope of the tenant improvement project. 2. Exclusive Use Addendum: This addendum grants a tenant the exclusive right to offer or sell specific goods or services within the shopping center, ensuring they have limited competition for their specific business category. It outlines the terms and conditions of this exclusivity and any exceptions or restrictions related to other tenants. 3. Common Area Maintenance (CAM) Addendum: The CAM addendum specifies the responsibilities of the tenant in contributing to the costs associated with the maintenance, repair, and operation of common areas shared by all tenants within the shopping center. It details the calculation method for CAM charges, frequency of payments, and the scope of covered expenses. 4. Extension or Renewal Addendum: This addendum addresses the extension or renewal of the lease term beyond its original expiration date. It outlines the terms, conditions, and procedures to be followed for the tenant and landlord to agree upon extending the lease period. 5. Assignment and Sublease Addendum: This addendum governs the circumstances and process under which a tenant may assign the lease to another party or sublease the premises partially or entirely to another tenant. It specifies the landlord's consent, the criteria for approving a new tenant, and any additional terms and conditions that apply. In summary, Lima Arizona Addendums to Shopping Center Lease documents are supplemental agreements that provide further details, rights, and obligations for tenants and landlords within the shopping center. These addendums address various specific needs such as tenant improvements, exclusivity, common area maintenance, lease extensions or renewals, and assignments/subleasing.