Ceradyne Inc. Contracts
Sample Business Contracts
California-Costa Mesa-3163 Redhill Avenue Lease - Trico Rents and Ceradyne Inc.
Lease Forms
- Start a state-specific lease for the rental of commercial property. Specify the term and rent due, as well as whether the landlord or tenant is responsible for property taxes, insurance, and maintenance and repairs.
- When a tenant vacates commercial property before the lease term has expired, it may be able to rent the premises to a third party. The tenant would be the sublessor and the third party would be the sublessee. Besides preparing a sublease, both parties will want to review the provisions for assignment or subletting in the original lease agreement between the landlord and the sublessor.
- Tenants of residential property should prepare a sublease agreement if they are seeking to sublease a room or the entire apartment or house to a third party. All parties should review the original lease agreement to see if there are any restrictions on subletting or assigning the premises.
- Triple net leases are a type of commercial leases where the tenant has to pay for property taxes, insurance, utilities, and maintenance, in addition to the monthly rent.
- When renting an office space, tenants should understand the amount of the rent and duration of the lease. Other important terms include whether the space can be subleased, which parties are responsible for maintenance, and whether any furniture and furnishings will be provided.
Date: June 8, 1995 Extension No. 2 --------------------- ------------------ STANDARD LEASE RENEWAL FORM LEASE to be renewed is that certain lease described as follows: Lessor: TRICO RENTS, a California General Partnership ------------------------------------------------------------ Lessee: CERADYNE, INC., a Delaware Corporation ------------------------------------------------------------ Property Leased: 3163 Redhill Avenue ------------------------------------------------------------ Costa Mesa, CA 92626 ------------------------------------------------------------ Lease Dated: March 31, 1986 ------------------------------------------------------------ The term of the referenced lease is hereby extended from: November 1, 1995 through October 31, 2000 ----------------------------------- ------------------------------------ With the following changes only: A. Security Deposit decreased from: $13,120.00 to $9,350.00 -------------------- -------------------- B. Rent: Throughout the term of this Lease Extension the following rental schedule shall prevail: Rental Period Monthly Amount ------------- -------------- November 1, 1995 - October 31, 1996 $ 7,833.00 November 1, 1996 - October 31, 1997 8,146.00 November 1, 1997 - October 31, 1998 8,472.00 November 1, 1998 - October 31, 1999 8,811.00 November 1, 1999 - October 31, 2000 9,163.00 The above rental figures do not include the estimated monthly Common Area Maintenance (CAM) charges which are currently $187.00, per month. Note: A credit of $3,770.00 shall be applied to the November, 1995 rent to offset the reduction in the security deposit requirement ($13,120.00 - $9,350.00 = $3,770.00). C. Option to Renew. Lessor hereby grants to the Lessee an Option to Renew this Lease for an additional five (5) years under the following terms and conditions: A. Lessee must notify Lessor, in writing, on or before May 1, 2000 of Lessee's intent to exercise its Option to Renew. B. The renewal period shall commence, if the Option is exercised, on November 1, 2000 and shall terminate on October 31, 2005. C. The terms and conditions of this option period shall be the same as the terms and conditions of the original Lease, including extensions, except that the following monthly rental schedule shall prevail throughout this option period: Rental Period Monthly Amount ------------- -------------- November 1, 2000 - October 31, 2001 $ 9,530.00 November 1, 2001 - October 31, 2002 9,911.00 November 1, 2002 - October 31, 2003 10,307.00 November 1, 2003 - October 31, 2004 10,719.00 November 1, 2004 - October 31, 2005 11,148.00 The above rental figures do not include the estimated monthly CAM charges. All other terms and conditions of the Lease dated March 31, 1986 -------------------------- shall remain the same. APPROVED BY: LESSOR APPROVED BY: LESSEE TRICO RENTS, a CERADYNE, INC., a Delaware California General Partnership Corporation /s/ Clarence J. Turner /s/ James F. Gardner ------------------------------ -------------------------------- Clarence J. Turner James F. Gardner /s/ David P. Reed -------------------------------- David P. Reed DATED: 6/8/95 DATED: 6/8/95 ------------------------ --------------------------------