Lease Renewal Notice between Monro Muffler Brake, Inc. and The Three Marquees for 118 Back River Neck Road
Monro Muffler Brake, Inc. notifies The Three Marquees of its intent to renew the lease for the property at 118 Back River Neck Road, Essex, MD, for a ten-year period from January 1, 2017, to December 31, 2026. The annual rent will increase each year based on the Consumer Price Index for all Urban Consumers, with a minimum increase of 3.5% and a maximum of 7%. After this renewal, the tenant will have no further renewal options under the lease.
Exhibit No. 10.83d
November 30, 2015
Via Facsimile and Certified Mail – Return Receipt Request
Mr. Frederic A. Tomarchio
The Three Marquees
P.O. Box 55
Glenelg, MD 21737
| RE: | Lease Agreement dated January 1, 1997 by and between The Three Marquees (“Landlord”) and Monro Muffler Brake, Inc., successor-in-interest to Mr. Tire, Inc. (“Tenant”) for premises situate at 118 Back River Neck Road, Essex, MD [MMB #758] |
Dear Fred:
Please accept this letter as Monro Muffler Brake, Inc.’s official notification of our intent to renew said lease agreement for the ten-year renewal period commencing on January 1, 2017 and expiring December 31, 2026. The rent for said renewal shall be increased annually by the Consumer Price Index for all Urban Consumer. The adjustment shall be no less than 3.5% per year and no more than 7% per year.
Tenant shall have no renewal option remaining.
Please do not hesitate to contact Mindi Collom at ###-###-#### if you have any questions relative to the renewal.
Very truly yours,
John W. Van Heel
CEO and President
JVH:mc
