HomeMy WebLinkAboutManagement Analysis & Utilization, Inc
Augusta Richmond GA
DOCUMENT NAME: fY'O.~\- o..~S\S -\ uJ:i.b-co..-t\Cr>) \\'C,..
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YEAR: ad
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FILE NUMBER: \lJl\5L\
NUMBER OF PAGES: U
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AMENDMENT NO.1
TO
OFFICE LEASE AGREEMENT
BETWEEN
MANAGEMENT ANALYSIS AND UTILIZATION, INC.
("LANDLORD")
AND
AUGUSTA, GEORGIA
("TENANT")
By agreement of the parties the following amendment is made to the original Office Lease
Agreement by and between MAU, Inc. and Augusta, Georgia dated January 15,2002.
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Paragraph I.C is amended and replaced with the following:
I. C. "Premises" shall mean the area shown on amended Exhibit A to this Lease. The Premises
are located on the 3,,1 and 4th floors. The "Rentable Square Footage of the Premises" is
deemed to be 13,814 square feet. If the Premises include one or more floors in their entirety,
all corridors and restroom facilities located on such full floor(s) shall be considered part of the
Premises. Landlord and Tenant stipulate and agree that the Rentable Square Footage of the
Building and the Rentable Square Footage of the Premises are correct and shall not be
remeasured.
D. "Base Rent":
Months of Term
1-36
Annual Rate
Per Square Foot
$1 1.50
Annual
Base Rent
$158,861.00
Monthlv
Base Rent
13,238.42
E. "Tenant's Pro Rata Share": 27.6%
F. "Base Year": 2002.
G. "Tenn": A period of 36 months. The Tenn shall commence on March I, 2002 (the
"Commencement Date") and, unless terminated early in accordance with this Lease or
unless extended by Tenant, end on February 28, 2005 (the "Tennination Date").
However, if Landlord is required to Substantially Complete (defined in Section J1I.A) any
Landlord Work (defined in Section 1.0.) prior to the Commencement Date under the
terms of a Work Letter (defined in Section 1.0): (I) the date set forth in the prior sentence
as the "Commencement Date" shall instead be defined as the "Target Commencement
Date" by which date Landlord will use reasonable efforts to Substantially Complete the
Landlord Work; and (2) the actual "Commencement Date" shall be the date on which the
Landlord Work is Substantially Complete, as determined by Section III.A. In such
circumstances, the Termination Date will instead be the last day of the Term as
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determined based upon the actual Commencement Date. Landlord's failure to
Substantially Complete the Landlord Work by the Target Commencement Date shall not
be a default by Landlord or otherwise render Landlord liable for damages. Promptly after
the determination of the Commencement Date, Landlord and Tenant shall enter into a
commencement letter agreement in the foml attached as Exhibit C. Tenant shall, at no
monthly expense, be permitted access to the Leased Premises prior to occupancy for the
purpose of installing phone and computer lines, moving furniture and making other
necessary preparations for occupancy during the 2 months preceding the commencement
date of this Lease. Tenant shall have the two options to renew this Lease, each for an
additional one year period, , which options must be exercised in writing on or before
December 31, 2004 and December 31, 2005, respectively, upon the same temlS and
conditions; provided, however, the annual rental rate shall be adjusted equal to the
percentage increase in the Consumer Price Index (CPJ) for all Urban Consumers for the
South Region.
This Amendment and the following amended Exhibit C constitute the entire Amendment 1 to the
original lease by and between MAU, Inc. and Augusta, Georgia dated January 15,2002.
IN WITNESS WHEREOF said Landlord and Tenant have hereunto set their hands in duplicate, the day
and year first abov ritten.
Date:
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Date:
Randall atcher
Management Analysis and Utilization, Inc.
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EXHIBIT C
COMMENCEMENT LETTER
This Lease Commencement Letter (hereinafter referred to as this "Agreement") is
made this 1st day of May, 2002, between MAU, Inc., (hereinafter referred to as
"Landlord"), and Augusta, Georgia (hereinafter referred to as "Tenant").
WIT N E SSE T H T HAT:
WHEREAS, the Lease provides for the leasing of 13,814 square feet located on
the 4th floor of (the "Premises") within the building known as 500 Building located at 501
Greene St., Augusta, Georgia (hereinafter referred to as the "Building"); and
WHEREAS, Landlord and Tenant agreed to execute this Agreement to confirm
the actual Commencement and Expiration dates of the Lease Term, and for other
purposes;
NOW, THEREFORE, pursuant to the provisions of the Lease, Landlord and
Tenant mutually agree as follows:
1. The Commencement Date of the Lease Term IS June 1, 2002. The
Expiration Date of the Lease Term is May 31,2005.
2. Tenant is in possession of, and has accepted, the Premises demised by the
Lease, and acknowledges that all the work to be performed by Landlord in the Premises
as required by the terms of the Lease except as set forth in Paragraph 3 below, if any, has
been satisfactorily completed. Tenant further certifies that all conditions of the Lease
required of Landlord as of this date have been fulfilled and there are no defenses or
setoffs against the enforcement of the Lease by Landlord.
3. Landlord and Tenant acknowledge pursuant to Section III of the Lease
that the following items remain to be completed or corrected, which items Landlord
agrees to accomplish within a reasonable time subsequent to the Conm1encement Date (if
none, so state):
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IN WITNESS WHEREOF, the parties hereto have duly executed and sealed this
Agreement as of the date and year first above stated.
LANDLORD:
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By:
Title:
Attest: ~tL4.- ~. !),,~
Title: tJJ~, a,,-~.
[SEAL]
TENANT:
Augusta. Georgia,
a political subdivision of the State of
Georgia
^1J~A}3 y:
~- Title:Mayor
Allest J;;o/i~
Title:Clerk
[SEAL]