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2026-07-14 · Board Packet · Page 13

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Meeting date: 2026-07-14
Resource: Board Packet
Page: 13
Archived on: 2026-08-07T00:38:20.786250+00:00
Fetch method: Direct download
Checksum: 0c290a0f8611
Text extraction: Native PDF text
Snapshot: 2026-08-07T00:38:51.383185+00:00
Document version: 2026-07-14_board_packet_v1

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Suite S
New Lease Details
❖ $9,769.81 Lease annual revenue with and additional $1,200.00 
annually in Common Area Maintenance fees. 
❖ Lease is for an initial term of two years
➢ Annual escalation clause that is tied to the Consumer Price 
Index with a maximum of 2.5% increase
❖ Three options to extend the Lease
➢ Options are for one year
❖ Maximum number of years on lease is 5 years
❖ Projected Effective Date of the Lease Agreement is August 1, 2026
❖ Carla would like to add two hair wash stations which will require 
a small amount of plumbing. She will hire a licensed contractor 
who will properly permit the work.