LEASE AMENDING AGREEMENT
THIS LEASE AMENDING AGREEMENT dated this day of , _
BETWEEN:
Landmark Communities, LLC d/b/a City Center Residential (the “Landlord”)
OF THE FIRST PART
AND
GO Capital Investments, LLC d/b/a Go Somewhere (the “Tenant”)
OF THE SECOND PART
Background
A. The Landlord and the Tenant entered into the lease (the “Lease Agreement”) dated
_, for the premises (the “Premises”) located at 107 N 7th St, Allentown, PA
18101 Unit Number___________________.
B. The Landlord and the Tenant desire to amend the Lease Agreement on the terms and
conditions set forth in this Lease Amending Agreement (the “Agreement”), which will
take effect on _________________
C. This Agreement is the first amendment to the Lease 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 Lease Agreement is amended as follows:
a. Paragraph 5 of the Lease is amended by deleting the phrase “The Tenant will use the
Apartment only as a private residence. The Tenant shall not allow anyone to use the
Apartment for any business, professional or commercial purpose.” and replacing it
with the phrase “Landlord understands that Tenant is a business and will be using
the Apartment to conduct business activities. Such business activities may include but
are not limited to marketing apartment unit(s) to guests on travel booking sites,
advertising property on lodging websites, hosting guests for short-term stays of less
than 30 days, receiving payment from guests, and performing routine maintenance
and cleaning of apartment unit(s).”
b. Paragraph 18, Subparagraph E is amended by adding the phrase “Landlord
understands that the Tenant will install security devices in the Apartment or outside
the Apartment to allow for Tenant’s business activities and the safety of Tenant’s
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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. Tenant
agrees to restore the Apartment to its original condition before moving out of the
Apartment.”
c. Paragraph 18, Subparagraph J is amended by deleting the phrase “The Tenant agrees
not to paint or paper the walls, ceilings, floor, or fixtures without the Landlord’s
written permission. If the Landlord gives written permission, the Tenant agrees to
restore the Apartment to its original condition before moving out of the Apartment. “
and replacing it with the phrase “Landlord agrees to allow the Tenant to paint or
paper the walls, ceilings, floor, or fixtures. Tenant agrees to restore the Apartment to
its original condition before moving out of the Apartment.”
d. Paragraph 18, Subparagraph J is amended by deleting the phrase “Guests are not
permitted to park in the parking decks or garages” and replacing it with the phrase
“Landlord will allow Tenant’s guests access to Parking Deck as defined in Parking
Addendum through use of the unit’s designated Parking Access Card(s).”
e. 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.”
No Other Change
- Except as otherwise expressly provided in this Agreement, all of the terms and conditions
of the Lease Agreement remain unchanged and in full force and effect.
Incorporation - This Agreement incorporates and is subject to the Apartment Lease Agreement.
Additional Details - Tenant has the intent of maintaining a long-term relationship with Landlord and will
continue to lease apartment unit(s) as long as Tenant business remains profitable. Any
and all rent changes are to be mutually agreed on by both parties.
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Miscellaneous Terms
- Capitalized terms not otherwise defined in this Agreement will have the meanings
ascribed to them in the Lease Agreement. Headings are inserted for the convenience of
the parties only and are not to be considered when interpreting this Agreement. Words in
the singular mean and include the plural and vice versa. Words in the masculine include
the feminine and vice versa. The words “Landlord” and “Tenant” as used in this
Agreement include the plural as well as the singular; no regard for gender is intended by
the language in this Agreement.
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.
IN WITNESS WHEREOF the Landlord and Tenant execute this Lease Amending Agreement.
LANDLORD OR LANDLORD’S AGENT (signing on behalf
of Landlord)
DATE
TENANT
DATE
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