Amendment Number Four to Lease Agreement between Cherokee Equities Corporation and BancCompliance Group, LLC

Contract Categories: Real Estate › Lease Agreements
Summary

This amendment renews the lease agreement between Cherokee Equities Corporation (landlord) and BancCompliance Group, LLC, along with Constance and David Edwards (tenants), for commercial property at 256 Seaboard Lane, Franklin, Tennessee. The renewal period is for 12 months, from May 1, 2013, to April 30, 2014, with a monthly rent of $2,300 due on the first of each month. The landlord will arrange for carpet cleaning in traffic areas. All other terms of the original lease and prior amendments remain unchanged.

Read More Arrow
EX-10.7 17 d672637dex107.htm EX-10.7 EX-10.7

Exhibit 10.7

AMENDMENT NUMBER FOUR

WHEREAS, the parties listed herein known respectively as CHEROKEE EQUITIES CORPORATION as Landlord and BANCCOMPLIANCE GROUP, LLC., a Tennessee Limited Liability Company and Constance and David Edwards, personally as Tenant entered into a Lease Agreement dated October 17, 2005, for commercial real estate property (“the Premises”) located at Suite A 102 in Premier Professional Office Park, located at 256 Seaboard Lane, Franklin, Tennessee 37067, and

WHEREAS, the parties amended said Lease by Amendment Number One dated October 30, 2008, Amendment Number Two, dated May 1, 2010, Amendment Three Dated March 11, 2012, and

WHEREAS, the parties desire to renew said Lease by virtue of this Amendment Number Four, and have mutually agreed to the following terms

 

  1. Term: The Term of this renewal period shall be twelve months (12 months) commencing on the first day of May 2013, and ending on April 30, 2014.

 

  2. Rental: The monthly rental for the renewal period shall be $2,300.00 from May, 2013 - April 2014 payable without demand or further notice on the first day of each month.

3. Carpets will be cleaned along traffic areas and other areas accessible upon arrangement for a suitable date with Tenant.

All other terms and conditions of the original Lease and Amendments shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment in duplicate on the date as noted below

 

LANDLORD. Cherokee Equities Corporation     TENANT: BancCompliance Group, Inc.
By:   The Stanton Group, Inc. Agent     Constance E. Edwards, President
     
 

 

Debra C. Viol, President and Agent for Cherokee Equities Corporation

    

 

      Constance E. Edwards
Date:  

6/19/13

     Date:  

June 7, 2013

Witness:       Witness: