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Washington Lease Agreement (Multi-Tenant Triple Net(NNN)Lease) Form

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Washington Lease Agreement (Multi-Tenant Triple Net(NNN)Lease) Form Page 2
Washington Lease Agreement (Multi-Tenant Triple Net(NNN)Lease) Form
© Commercial Brokers Association
Association 2011
ALL RIGHTS RESERVED
CBA Form MT-NNN
Multi-Tenant NNN Lease
Rev. 3/2011
Page 2 of 25
LEASE AGREEMENT
(Multi-Tenant Triple Net (NNN) Lease)
(Continued)
h. Notice and Payment Addresses.
Landlord:
Fax No.:
Email:
Tenant:
Fax No.:
Email:
i. Tenant's Pro Rata Share
. Landlord and Tenant agree that Tenant's Pro Rata Share is %,
based on the ratio of the agreed rentable area of the Premises to the agreed rentable area of the Building
and all other buildings on the Property as of the date of this Lease. Any adjustment to the Premises' or
Building's rentable floor area measurements will be reflected in an adjustment to Tenant's Base Rent or
Pro Rata Share.
2. PREMISES
.
a. Lease of Premises
. Landlord leases to Tenant, and Tenant leases from Landlord, the Premises upon the
terms specified in this Lease.
b. Acceptance of Premises
. Except as specified elsewhere in this Lease, Landlord makes no
representations or warranties to Tenant regarding the Premises, including the structural condition of the
Premises or the condition of all mechanical, electrical, and other systems on the Premises. Except for
any tenant improvements to be completed by Landlord as described on attached ExhibitC (the “Landlord's
Work”), Tenant shall be responsible for performing any work necessary to bring the Premises into a
condition satisfactory to Tenant. By signing this Lease, Tenant acknowledges that it has had an adequate
opportunity to investigate the Premises; acknowledges responsibility for making any corrections,
alterations and repairs to the Premises (other than the Landlord's Work); and acknowledges that the time
needed to complete any such items shall not delay the Commencement Date.
c. Tenant Improvements
. Attached Exhibit C sets forth all Landlord's Work, if any, and all tenant
improvements to be completed by Tenant (the “Tenant's Work”), if any, that will be performed on the
Premises. Responsibility for design, payment and performance of all such work shall be as set forth on
attached Exhibit C. If Tenant fails to notify Landlord of any defects in the Landlord's Work within thirty
(30) days of delivery of possession to Tenant, Tenant shall be deemed to have accepted the Premises in
their then condition. If Tenant discovers any major defects in the Landlord's Work during this 30-day
period that would prevent Tenant from using the Premises for the Permitted Use, Tenant shall notify
Landlord and the Commencement Date shall be delayed until after Landlord has notified Tenant that
Landlord has corrected the major defects and Tenant has had five (5) days to inspect and approve the
Premises. The Commencement Date shall not be delayed if Tenant's inspection reveals minor defects in
the Landlord's Work that will not prevent Tenant from using the Premises for the Permitted Use. Tenant
shall prepare a punch list of all minor defects in Landlord's Work and provide the punch list to Landlord,
which Landlord shall promptly correct.
Washington Lease Agreement (Multi-Tenant Triple Net(NNN)Lease) Form
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