Common use of Retail Store Clause in Contracts

Retail Store. (a) Landlord leases 10,000 square feet of the Building to Tenant for the operation of a retail store. The 10,000 square feet of the Building to be used as a retail store is outlined in yellow in Exhibit "A." Tenant agrees to lease the 10,000 square feet of the Building for the operation of a retail store. Notwithstanding anything contained in this Lease to the contrary, Tenant shall have the right to terminate the retail store lease at arty time after the end of one (1) year from the Commencement Date by giving Landlord written notice of termination. (b) The rent for the retail store shall be $18,000.00 per annum, payable in monthly installments of $1,500.00 each. The term of the lease for the retail store shall be thirty-six (36) months with four (4) options to extend the term for periods of eighteen (18) months each. (c) Landlord agrees to furnish adequate heating, ventilating, and air conditioning to the retail store. Tenant agrees to construct and finish the retail store promptly after the space is delivered to Tenant. Tenant shall not be obligated to construct, finish, stock, staff, or otherwise operate the retail store in the Building in the same manner as Tenant constructs, finishes or operates its other retail stores. Tenant shall have the right to construct, finish, stock, staff, and operate the retail store in the Building in the manner Tenant elects in its sole and absolute discretion.

Appears in 2 contracts

Sources: Office Lease Agreement (Hastings Entertainment Inc), Office Lease Agreement (Hastings Entertainment Inc)