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FAX | 303.752.2897
tenant representation | office space negotiation
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SAMPLE REQUEST FOR LEASE
Mr. Listing Broker December 7, 2003
Fredrick Ross & Company
717 Seventeenth Street, Suite #200
Denver, Colorado 80202
Dear Mr. Listor,
Re: Request for Lease
This letter is to outline the business terms and conditions proposed by my client under which they
are prepared to lease the property at 1225 Seventeenth Street. If these terms and conditions meet
with the owner’s approval, please arrange to have a lease prepared for Mr. Robert Nucci’s signature
Tenant: __________________________, a Colorado Corporation
Building Address: 1225 Seventeenth Street – Denver, CO 80202
Leased Premises: Approximately 22,750 Square Feet
Rent Commencement: June 1, 2004
Possession: February 1, 2004, for purposes of construction
Lease Term: Ten Years
Gross Rental Rate: See Attached Schedule
Tenant $4/SF/Year - $40.00/SF - $910,000. Tenant to be responsible for
Improvements: construction for their own improvements and will use a licensed
contractor and architect to prepare all construction drawings.
Operating Expenses: Base Year 2004
Access: Tenant to have 24 hour access to premises
Fixtures: All of Tenant’s fixtures and equipment shall remain the property of
Tenant throughout the Term. Landlord shall waive all lien rights
against Tenant’s fixtures and equipment located in the Premises.
Condition of On the Rent Commencement Date, the Premises and all systems
Premises: serving the Premises (HVAC, electrical, plumbing, gas, sprinklers,
etc., shall be in compliance with all applicable laws, free of hazardous
materials and in good order, condition and repair). Landlord shall
maintain the Premises and all systems serving the Premises in
compliance with all applicable laws, except that Tenant shall, in
respect to the condition of the Premises, comply with (a) all laws
relating solely to Tenant’s specific nature of use of the Premises and
(b) all building codes applicable to Tenant’s improvements in the
Right to Terminate: Tenant shall have the right to terminate the lease with 6 months
written notice at the end of the fifth and eighth year of occupancy
with pre-payment of a cancellation penalty of six months base rent.
Tenant shall also reimburse landlord for all unamortized tenant
improvements and brokerage commissions per the attached
Signage: Tenant shall require individual partners be listed on the building
director and on the firm’s listing.
Security Deposit: Two month’s rent on deposit ($121,333.00) to be refunded in the
form of rental credit beginning with the 61st month, assuming timely
rental payment the prior 60 months.
Sublease Rights: Tenant shall have the right to sublease the premises, subject to the
Landlord’s approval, not to be unreasonably withheld.
Sublease deemed to be approved 20 days after Landlord receives
subtenant financial statement and sublease terms and conditions.
Sublease conditions do not apply if Tenant maintains 51% ownership
in new entity.
Landlord to receive 50% of an excess profits above and beyond the
lease rate in Tenant’s lease, after deducting all costs of re-letting the
space, including but not limited to tenant improvements, brokerage
commissions and legal costs.
Option to Renew: Tenant shall have the option to renew the space for an additional five
(5) years at the current market rate (minus any market allowance for
tenant improvements and brokerage commissions) for comparable
space within the immediate area. Tenant shall give Landlord nine (9)
months notice of intent to renew and Landlord shall respond with a
written proposal within 30 days. Tenant shall have 90 days to accept
or reject Landlord’s lease terms and conditions.
Holding Over: 125% after first 60 days of Hold Over
ADA: Tenant shall pay the required % of her total tenant finish toward any
ADA compliance issues. Beyond that amount, Landlord will be
responsible for the future compliance with ADA requirements, if it
becomes a requirement at some future date.
Brokerage Disclosure: Corporate Real Estate Advisors is a Buyer’s Agent representing only
the interests of the Tenant.
Non-Disturbance: Tenant and Landlord warrant that there shall be no business
disruption due to noise or nuisance from any other tenants in the
Landlord’s Notice: Lease to specify where tenant is to pay their rental payments and
deliver any notice to the Landlord.
Tenant’s Notice: To be delivered to Robert Nucci, CFO c/o ________________,
1225 Seventeenth Street, Denver, CO 80220, with a copy to
Corporate Real Estate Advisors, Attn: Cheryl Stafford, 8060 E.
Eastman Ave #200, Denver, CO 80231 and to Ireland, Stapleton &
Pryor & Pascoe, P.C., 1675 Broadway #2600, Denver 80202.
Good Faith Landlord and Tenant agree that once this letter has been executed
Negotiation: and for the time period during which the parties are diligently, and in
good faith, negotiating a lease for the Premises, Landlord and its
agents will not seek out or negotiate with any other potential tenants
for the Premises.
All terms and conditions of this proposal are subject to Landlord’s satisfactory review of Tenant’s
financial statements (attached). This request for lease constitutes a non-binding agreement of the
parties and is subject to a mutually agreeable lease document being fully executed between Landlord
and Tenant and neither party will have any financial or legal obligations to the other unless and until
that event occurs.
If you have any questions or comments regarding the above referenced items, please do not hesitate
to contact me. We look forward to receipt of a lease document for my client’s attorney’s review and
CORPORATE REAL ESTATE ADVISORS
Cheryl Stafford, Broker/Owner
c: R. Nucci
Acknowledged and accepted: 1225 Seventeenth Street, LLC, Landlord
Authorized Signatory Date