ADDENDUM TO THE LEASE AGREEMENT
THIS ADDENDUM TO THE LEASE AGREEMENT dated this day of _,
BETWEEN:
Landmark Communities, LLC d/b/a City Center Residential (the “Landlord”)
AND
GO Capital Investments, LLC d/b/a Go Somewhere (the “Tenant”)
The Landlord and Tenant are collectively referred to as “Parties” or individually as “Party”) and
includes that Party’s successors and assigns.
Background
A. The Landlord and the Tenant entered into the lease (the “original agreement”) dated
_, for the Premises located at 107 N 7th St, Allentown, PA 18101 Unit
Number___________________.
B. This Addendum (hereinafter “agreement”) is the first amendment to the original
agreement.
C. The Parties desire to amend the original agreement and do hereby agree to make the
following changes and additions that are outlined below. These additions shall be made
valid as if they are included in the original agreement.
IN CONSIDERATION OF the Landlord and Tenant agreeing to amend their existing Lease
Agreement, and other valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, both parties agree to keep, perform, and fulfill the promises, conditions and
agreements below:
Amendments
The original agreement is amended as follows:
- The provisions of Paragraph 5 are hereby deleted and replaced with the following
provision “Landlord accepts, and understands that Tenant is a Corporate Housing
Company, leasing the said apartment unit(s) for business purposes of furnishing,
managing, cleaning and marketing the apartment unit(s) to travelers for short term stays
across third-party travel booking sites. Notwithstanding anything to the contrary,
Landlord hereby undertakes to allow the Tenant to undertake such actions as would be
ordinarily in the Tenant’s industry, and performance of its business functions therein,
including but not limited to permitting the Tenant to:
Market the apartment unit(s) to guests on travel booking sites, and advertise the
property on lodging websites;
Host guests for short-term stays of less than 30 days;
Receive payment from their guests;
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Perform routine maintenance;
Clean the apartment unit(s);
Decorate the apartment unit(s);
Furnish the apartment unit(s);
Install security systems; and
Have their guests use the Property’s facilities.
The Tenant agrees to restore the Apartment unit(s) to its original condition before moving
out of the Apartment. Moreover, Tenant may terminate the lease at any time, without
notice or penalty where the Tenant’s business is no longer permissible per applicable
laws, rules or regulations.
- Paragraph 6 is hereby deleted
- Paragraph 15 is amended to read “At least seventy-five (75) days before the Apartment
Lease Agreement is over, the Landlord may notify the Tenant in writing of any changes
in Rent and/or or changes of any other terms of the Apartment Lease Agreement. Should
Tenant reject the changes in rent and/or other terms, Tenant must respond to Landlord
within fifteen days of the date of Landlord’s notification to let the Landlord know that
Tenant desires to end the Lease. Any and all rent changes are to be mutually agreed on by
both parties.” - Paragraph 18E is hereby amended by adding the following provision “Landlord
however undertakes to allow Tenant to make any installations necessary for the
performance of their aforesaid business functions e.g. installation of security systems for
Tenant’s business activities and the safety of Tenant’s guests and Landlord’s other
residents. Security devices may include but are not limited to motion-based camera
surveillance on the outside of the apartment unit(s) and noise monitoring systems on the
inside of the apartment unit(s). Tenant will integrate business management systems with
property’s security system (e.g. ButterflyMX, apartment unit door locks, etc.) to allow
and restrict building access to Tenant’s guests and management and cleaning teams
without interrupting other resident access. If integration is not possible with apartment
unit door lock, Tenant may replace door lock and provide Landlord with a copy of
physical key. Should there be any court action taken by the Landlord herein, Landlord
shall serve Tenant with notice of the said action” - The provision of Paragraph 18F is hereby deleted and replaced with the following
provision “The Tenant may transfer or assign this agreement or subcontract its
obligations hereunder at any time without Landlord’s consent. If the Tenant does so,
anyone to whom the Tenant transfers, assigns, or subcontracts any or all of its obligations
will have all of the Tenant’s rights with respect to such obligations. Where applicable,
any reference to the Tenant shall include reference to its guests e.g in Paragraph 18 O on
access to parking.”
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- Paragraph 18 I is hereby amended to read “The Tenant agrees not to make any changes
or alterations to the outside of the building or to the common areas.” - Paragraph 18 J is hereby deleted.
- Paragraph 19 C is hereby amended to read “The Tenant agrees to permit Landlord to
have access to the Apartment, after service of reasonable notice by the Landlord of at
least 24hrs) for:
(a) Enforcing the terms of this Lease;
(b) Inspecting the Apartment;
(c) Making repairs, alterations, performing seasonal maintenance; and
(d) Examination of Apartment by potential purchasers, clients/guests, and/or potential
residents.” - Paragraph 21(b) is hereby amended to read “All moving and storage costs, and other
expenses of the Landlord in evicting the Tenant and collecting the money the Tenant
owes (Tenant shall not be liable for Landlord’s legal fees)” - Paragraph 24 is amended by adding the phrase “Landlord understands that Tenant’s
staff, maintenance, and cleaning teams will access Tenant’s designated storage space.” - Paragraph 38 is hereby deleted.
No Other Change
Except as otherwise expressly provided in this Agreement, all of the terms and conditions of the
Original Agreement remain unchanged and in full force and effect.
Governing Law
Subject to the terms of the Lease Agreement, it is the intention of the parties that this Agreement,
and all suits and special proceedings under this Agreement, be construed in accordance with and
governed, to the exclusion of the law of any other forum, by the laws of the Commonwealth of
Pennsylvania, without regard to the jurisdiction in which any action or special proceeding may
be instituted.
Miscellaneous Terms
This Agreement may be amended only by the written consent of the Parties hereto. If any
provision is held to be invalid or unenforceable, it shall not affect the validity or enforceability of
any other provision. The parties will exercise utmost good faith in this Agreement. Except where
otherwise provided, failure by either party to enforce any of these terms or conditions shall not
be a waiver of their right to enforce them. No waiver by a party of any breach of, or of
compliance with, any condition or provision of this Agreement by the other party shall be
considered a waiver of any other condition or provision or of the same condition or provision at
another time. This Agreement may be executed in any number of counterparts, each of which
shall be an original and all of which constitute the same instrument.
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The Article and Section headings in this Agreement are for convenience, and they form in no
part of this Agreement and shall not affect its interpretation. Whenever used herein, the singular
number shall include the plural, and the plural number shall include the singular. Any references
herein to the masculine gender or the masculine form of any noun, adjective, or possessive shall
be construed to include the feminine or neuter gender and form, and vice versa.
Please read this Addendum carefully. It is part of the attached original agreement; you agree to
the terms and conditions provided herein concerning the original agreement by signing it. Any
breach of the terms and conditions of this Addendum is a breach of the original agreement.
IN WITNESS WHEREOF the Parties have duly affixed their signatures under hand and seal as
follows;
Signed by the duly authorized representative
of the LANLORD
Signature:
Name: …………………………………………
Designation: ……………………………………
Date: …………………………………………….
Signed by the duly authorized representative
of the TENANT
Signature:
Name: …………………………………………
Designation:
……………………………………
Date:
…………………………………………….
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