HomeMy WebLinkAboutFIRST AMENDMENT TO COMMERCIAL LEASE BETWEEN THE PORTER COMPANY AND AUGUSTA, GA QQMMERCLAL LEA SE
First Amendment
This is the First Amendment to a lease Between The Porter Company and Augusta, Georgia
dated August 5,2008.
Lessor-Landlord The Porter Company
971 Broad Street
Augusta, GA 30901
Phone 706-833-5951 - John Bowen
Lessee—Tenant Augusta, Georgia
530 Green Street
Augusta, GA 30901
Phone 706-821-2400
The intent and purpose of this amendment is to exercise the optional five year extension subject
to below revised terms.
1. Article 8. Term.
The above lease is hereby extended for a period of three (3) additional years with an
option to exercise two (2) one (1) year extensions. The renewed lease shall end December 31,
2016.
2. Article 9. Rent.
It is agreed that the rent for the lease premises shall be reduced from $16,580.00 to
$12,140.00 per month. The Lessor may increase the rent by three percent (3%) for each of the
two(2) optional extension periods.
3. Article 11. Utilities.
During the period of the lease extension, Lessee shall pay Lessor a flat rate of$1283.00
each month to cover the costs of utilities. The costs for utilities will be paid to Lessor, who shall
remit payment to the utility companies. Should actual costs be less at the closing of Lessor
books at the end of a calendar year, an adjustment would be paid to Lessee. A detailed
accounting will be furnished by Lessor in this event. In no event shall Lessee be responsible for
paying excess of the monthly payment of$1,283.00 for the cost of Utilities.
4. Article 13. Common Area Maintenance.
It is agreed that Lessee will not be charged for or responsible for payment of Common
Area Maintenance(hereinafter"CAM").
5. Article 14. Base Operations Costs.
It is agreed that Lessee will not be charged for or responsible for payment of Base
Operation Costs(hereinafter"BOC").
6. Waiver of past due Common Area Maintenance and Base Operations Costs.
It is agreed that Lessor shall waive all past due CAM and BOC.
7. Article 24.Notices.
Notices to Lessor and Lessee shall be sent by certified mail to the attention of the parties
(and their successors by amendment)as listed below:
Lessor-Landlord The Porter Company
1006 Fleetwood Plaza
Henderson,NC 28739
Phone 828-696-9912
Fax: 828-396-7799
Attention: Mr.Jimmy Porter
Copy to: Mr. John Bowen
971 Broad Street
Augusta, GA 30901
Phone:706 722-2611
Lessee—Tenant Augusta, Georgia
530 Green Street
Room 801
Augusta, GA 30901
Phone: 706-821-2400
Fax: 706-821-2819
Attention:Mr. Fredrick Russell,Administrator
Copy to: Recreation,Parks, & Facilities Department
2027 Lumpkin Road
Augusta, GA 30906
Phone:706 821-2426
Fax: 706 821-5077
Attention:Mr. Rick Acree,Facilities Manager
8. All other parts of the Lease will remain in force as is.
[SIGNATURES ON FOLLOWING PAGE]
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