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L-7329 C-22-03-111-4-05 EN11417.Public-11417 4834-2557-7395v1 TENANT ESTOPPEL CERTIFICATE March _______, 2020 SOCIÉTÉ GÉNÉRALE FINANCIAL CORPORATION 245 Park Avenue New York, New York 10167 Re: Lease between Freanel & Son, LLC, an Arizona limited liability company, as Landlord (“Landlord”) and Maricopa County, as Tenant (“Tenant”) dated March 26, 2003 for approximately 23,500 square feet of space in Gilbert Towne Center Shopping Center (the “Property”), as amended, supplemented and/or modified by the amendments, modifications, side letters, guaranties, letters of credit and other documents listed on Schedule 1 attached hereto (as so amended, supplemented and/or modified, the “Lease”) Gentlemen: The undersigned Tenant understands and acknowledges that Landlord has obtained or is in the process of obtaining a mortgage loan (the “Loan”) from SOCIÉTÉ GÉNÉRALE FINANCIAL CORPORATION (“Lender”) which Loan is or will be evidenced by a note secured by a mortgage upon the captioned property (the “Mortgage”) and that Lender, in making the Loan, is relying upon Tenant’s certification herein. Tenant hereby certifies to Landlord and Lender that: 1. The Lease has commenced pursuant to its terms and is in full force and effect. Tenant has not given Landlord any notice of termination under the Lease. 2. There are no amendments, supplements or modifications of any kind to the Lease except as set forth on Schedule 1. The Lease represents the entire agreement between Tenant and Landlord with respect to the leasing and occupancy of the Property; there are no other promises, agreements, understandings, or commitments of any kind between Landlord and Tenant with respect thereto. 3. There has not been and is now no subletting of the Property, or any part thereof, or assignment by Tenant of the Lease, or any rights therein, to any party, other than as follows: [list or if none, say “None”]: None. 4. The Property has been accepted by the Tenant and the Tenant now occupies the Property pursuant to the Lease terms. 5. No uncured default, event of default, or breach by Landlord exists under the Lease, and no facts or circumstances exist that, with the passage of time or giving of notice, will or could constitute a default, event of default, or breach by Landlord under the Lease. Tenant has made no claim against Landlord alleging Landlord’s default under the Lease. L-7329 C-22-03-111-4-05 62576115_3 143576115 EN11417.Public-11417 4834-2557-7395v1 6. All of the construction obligations of Landlord under the Lease have been duly performed and completed including, without limitation, any obligations of Landlord to make or to pay Tenant for any improvements, alterations or work done on the leased premises, and the improvements described in the Lease have been constructed in accordance with the plans and specifications therefor and have been accepted by Tenant. All common areas of the Property (including, without limitation, parking areas, sidewalks, access ways and landscaping) are in compliance with the Lease and are satisfactory for Tenant’s purposes. 7. To Tenant’s knowledge, there are no rental, lease, or similar commissions payable with respect to the Lease, except as may be expressly set forth therein. 8. The current term of the Lease commenced on July 1, 2016 and terminates on June 30, 2021, unless sooner terminated in accordance with the terms of the Lease. Tenant has no option to renew or extend the Lease term except as follows [list or if none, say “None”]: None. 9. The minimum base rent in the monthly amount of $25,086.25 and a monthly operating expense and real estate tax estimate in the amount of $6,416.97 are currently payable under the Lease. The date of Tenant’s last rental payment was January 27, 2020. Tenant is current with respect to, and is paying the full rent and other charges stipulated in the Lease. 10. As of the date hereof, Tenant is not entitled to any credits, reductions, offsets, defenses, free rent, rent concessions or abatements of rent under the Lease or otherwise against the payment of rent or other charges under the Lease. 11. A security deposit in the amount of $0.00 has been given by Tenant under the terms of, or with respect to, the Lease. 12. Tenant has no option or right to purchase the property of which the Property is a part, or any part thereof. 13. Tenant has not at any time and does not presently use the Property for the generation, manufacture, refining, transportation, treatment, storage or disposal of any hazardous substance or waste or for any purpose which poses a substantial risk of imminent damage to public health or safety or to the environment. 14. The undersigned representative of Tenant is duly authorized and fully qualified to execute this instrument on behalf of Tenant thereby binding Tenant. 15. Tenant is not presently a debtor in any proceeding pursuant to the United States Bankruptcy Code of 1978, as amended. 16. Tenant acknowledges and agrees that Landlord, Lender, or any other persons or entities named above in the first paragraph shall be entitled to rely on Tenant’s certifications set forth herein. [Remainder of Page Intentionally Left Blank; Signature Page Follows] L-7329 C-22-03-111-4-05 62576115_3 143576115 EN11417.Public-11417 4834-2557-7395v1 TENANT: Maricopa County ___________________________________ C. Michelle Colby, SR/WA Director, Real Estate Department APPROVED as to FORM: ___________________________________ Deputy County Attorney Date L-7329 C-22-03-111-4-05 62576115_3 143576115 EN11417.Public-11417 4834-2557-7395v1 Schedule 1 Amendments, Modifications, Side Letters, or other Modifications between Landlord and Tenant [List or, if none, say “None”] Amendment #1 4-20-2005 Amendment #2 4-27-2011 Amendment #3 3-11-2015 Amendment #4 6-22-2016