My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2018-200
CBCC
>
Official Documents
>
2010's
>
2018
>
2018-200
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/4/2021 1:17:00 PM
Creation date
11/7/2018 2:01:28 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Lease
Approved Date
11/06/2018
Control Number
2018-200
Agenda Item Number
8.E.
Entity Name
Mattress Firm Sebastian
Subject
Amendment
Area
Sebastian
Alternate Name
Lease Amendment Five Years
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
3
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Mattress Firm # 052123 <br />AMENDMENT TO LEASE <br />This Amendment to Lease (this "Amendment") is made effective October 1, 2018 between Indian <br />River County ("Landlord"), and Mattress Firm, Ine.("Tenant"). <br />RECITALS <br />WHEREAS, Landlord and Tenant executed that certain lease agreement dated 3/19/2010 (as amended <br />from time to time thereafter, the "Lease"), in regard to certain premises containing approximately 4800 square <br />feet of leasable floor area located at 1919 U.S. Highway 1, Sebastian, FL, as more particularly described in the <br />Lease; and <br />WHEREAS, Landlord and Tenant desire to modify certain terms and conditions of the Lease. <br />NOW, THEREFORE, in consideration of the foregoing, and other good and valuable consideration, <br />the receipt and sufficiency of which are hereby acknowledged and confessed, Landlord and Tenant hereby agree <br />as follows: <br />1. Landlord and Tenant acknowledge and agree that the current term of the Lease is set to expire <br />as of 4/30/2022. Landlord and Tenant further acknowledge and agree that notwithstanding anything to the <br />contrary contained in the Lease, base rent for the remainder of the current term through such revised date shall <br />be $11.78 per square foot or $56,544.00 annually, payable in 12 monthly installments of $4,712.00. <br />2. Landlord and Tenant acknowledge and agree that, following the expiration of the current term, <br />Tenant shall have an option to further extend the lease term for an additional five (5) year period from 5/1/2022 <br />to 4/30/2027 (the "Option Term"), exercisable upon at least one hundred eighty (180) days written notice by <br />Tenant and the base rent for the Option Term shall be $13.50 per square foot or $64,800.00 annually, payable in <br />12 monthly installments of $5,400.00. Notwithstanding anything in the Lease to the contrary, the lease term <br />shall not automatically extend and the Option Term shall only commence if Tenant has provided written notice <br />of its election to exercise the option. Further, Landlord and Tenant acknowledge and agree that there is no right <br />to extend the Lease past the stated Option Term. <br />3. Notwithstanding anything to the contrary contained in the Lease, Landlord and Tenant <br />acknowledge and agree that any notices required or permitted to be sent to Tenant under the Lease shall be <br />addressed as follows: <br />Tenant: <br />Mattress Firm # 052123 <br />c/o Mattress Firm, Inc. <br />10201 South Main Street <br />Houston, Texas 77025 <br />Attention: Real Estate Department <br />With a copy of default notices, if any, to: <br />Mattress Firm # 052123 <br />c/o Mattress Firm, Inc. <br />10201 South Main Street <br />Houston, Texas 77025 <br />Attention: Lease Admin. Department <br />
The URL can be used to link to this page
Your browser does not support the video tag.