Rent Review Memorandum for International House Lease between Multi Construction Ltd and HI Europe Ltd

Contract Categories: Real Estate Lease Agreements
Summary

This memorandum documents the agreement between Multi Construction Ltd (landlord) and HI Europe Ltd (tenant) regarding the revised annual rent for International House, Bramhall Technology Park, Stockport. The rent has been reviewed and set at £107,500 per year, effective from July 31, 2005, as per the terms of the original lease. The agreement also notes that future rent reviews will occur as outlined in the lease.

EX-10.5.16 8 l22011aexv10w5w16.htm EX-10.5.16 EX-10.5.16  

Exhibit 10.5.16
Rent Review Memorandum
         
Date
  :   ILLEGIBLE 2006
 
       
Premises
  :   The property as described within the lease as International House, Bramhall Technology Park, Stockport, Greater Manchester.
 
       
Lease
  :   A lease dated 31 July 2000 and made between (1) Meggitt Properties plc and (2) Business & Market Research Ltd.
 
       
Current Landlord
  :   Multi Construction Ltd
 
       
Current Tenant
  :   HI Europe Ltd
By this memorandum the Landlord and the Tenant record the fact that the rent reserved by the Lease has been reviewed in accordance with the lease and agreed at One Hundred and Seven Thousand Five Hundred Pounds (L107,500) per annum (exclusive of value added tax) payable from and including 31 July 2005 subject to further review as provided in the lease
     
/s/ ILLEGIBLE
  /s/ ILLEGIBLE
     
 
   
Signed by an authorized signatory for and on Behalf of the Landlord
  Signed by an authorized signatory for and on behalf of the Tenant