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Purchase_Agreement_200_Madison.pdf
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No cure period for monetary default
Landlord remedies trigger immediately upon late payment — no opportunity to cure. This exposes the tenant to rent acceleration and termination without notice.
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Tenant shall have a cure period of not less than ten (10) days following written notice of any monetary default before Landlord may exercise any remedies.
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Lease Amendment — Section 2: Term
The Lease Term is hereby extended for five (5) years, commencing upon expiration of the current Term. Base Rent shall increase by three percent (3%) annually on each anniversary…
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Purchase_Agreement_200_Madison_REDLINED.docx
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Landlord may terminate this Lease immediately upon any monetary default by Tenant.
Tenant shall have a cure period of not less than ten (10) days following written notice of any monetary default before Landlord may exercise any remedies available under this Lease or applicable law.
Added assignment restriction — requires Landlord prior written consent.
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