Lease Renewal Notice between Monro Muffler Brake, Inc. and The Three Marquees for 1105 North Point Road
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Summary
Monro Muffler Brake, Inc. notifies The Three Marquees of its intent to renew the lease for the property at 1105 North Point Road, Dundalk, MD, for a ten-year period starting January 1, 2007, and ending December 31, 2016. The annual rent will increase each year based on the Consumer Price Index, with a minimum increase of 3.5% and a maximum of 7%. One additional ten-year renewal option remains available to the tenant.
EX-10.82C 3 l20716aexv10w82c.htm EX-10.82C RENEWAL LETTER EX-10.82C RENEWAL LETTER
Exhibit 10.82c
March 6, 2006
Via Facsimile and Certified Mail Return Receipt Request
Mr. Frederic A. Tomarchio
The Three Marquees
P.O. Box 55
Glenelg, MD 21737
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 1105 North Point Road, Dundalk, MD [MMB #756] |
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, 2007 and expiring December 31, 2016. 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 one ten-year renewal option remaining.
Please do not hesitate to contact me at ###-###-#### if you have any questions relative to the renewal.
Yours truly,
Thomas M. Aspenleiter
VP Real Estate
VP Real Estate
TMA:mc
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