Example ContractsClausesannual fixed rent and escalations for the substitute storage spaceVariants
Annual Fixed Rent and Escalations for the Substitute Storage Space
Annual Fixed Rent and Escalations for the Substitute Storage Space contract clause examples

On or prior to the Substitute Storage Space Commencement Date, Tenant shall deliver to Landlord possession of the Storage Space vacant and broom clean, free of all occupancies and encumbrances and otherwise in accordance with the terms, covenants and conditions of the Lease as if the Substitute Storage Space Commencement Date were the Expiration Date. Landlord acknowledges that Landlord has inspected the Storage Space and is fully familiar with the condition thereof and agrees to accept the surrender thereof at the Substitute Storage Space Commencement Date in its then “as-is” condition.

The term of the Lease with respect to the Substitute Storage Space shall continue under the same terms, covenants and conditions contained in the Lease, except to the extent specifically modified by this Agreement for a term (the “Substitute Storage Space Term”), commencing on the Substitute Storage Space Commencement Date and ending on the Expiration Date or on such earlier date upon which the term of the Lease shall expire, be canceled or terminated pursuant to any of the conditions or covenants of the Lease or pursuant to law (and the term “Premises”, as used in the Lease, shall from and after the Substitute Storage Space Commencement Date, mean the Premises and the Substitute Storage Space).

The parties acknowledge that Tenant has inspected the Substitute Storage Space and the Building and is fully familiar with the physical condition thereof and Tenant agrees to accept the Substitute Storage Space at the Substitute Storage Space Commencement Date in its then “as is” condition. Tenant acknowledges and agrees that Landlord shall have no obligation to do any work in or to the Substitute Space in order to make it suitable and ready for occupancy and use by Tenant except to the extent expressly provided for in this Article 3.

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