Summarize the Henderson lease
Can you summarize the key terms of the Henderson commercial lease?
Here are the key terms from **Henderson-Lease.pdf**:
- **Term:** 5 years from March 1, 2024, with one 3-year renewal option.
- **Base rent:** $4,200/month, escalating 3% annually.
- **Security deposit:** $8,400 (two months).
- **Use:** Retail only; no subletting without written consent.
- **Maintenance:** Landlord covers structure and roof; tenant covers interior and HVAC.
- **Early termination:** Allowed after year 3 with 90 days' notice and a two-month penalty.
The clause most likely to matter in the current dispute is **Section 11 (Maintenance)** — HVAC sits with the tenant, which supports our position. Want me to draft a demand letter citing it?
Rivertown Law