| Status | Date | Obligation | Consequence if missed | Source |
|---|---|---|---|---|
| CRITICAL | 2026-07-03 11 days |
Renewal option exercise notice Option / Renewal · Tenant |
The one 5-year renewal option becomes null and void. Tenant must vacate or renegotiate a new lease at market. Time is of the essence is stated expressly. Renewal Term annual Base Rent approx $397,800 (12,400 sf at ~$32.08/sf after four 3% escalations); loss of option exposes Tenant to relocation cost and market re-pricing. |
Article 5 (Option to Extend) |
| URGENT | 2026-07-14 22 days next alert 2026-06-30 |
2025 CAM reconciliation audit/dispute window CAM / Operating Expense · Tenant |
2025 Reconciliation Statement is deemed final and binding. Tenant waives the right to audit or recover any CAM overcharge for 2025. 2025 CAM/Operating Expenses billed at $94,217.00 for the Premises; any overcharge becomes unrecoverable after this date. |
Article 4.3 (Audit Right) |
| UPCOMING | 2026-09-30 100 days next alert 2026-08-16 |
Renewal certificate of insurance due Insurance / Compliance · Tenant |
Lapse in evidenced coverage is a compliance default and can trigger Landlord-placed insurance charges. | Article 9 (Insurance) |
| UPCOMING | 2026-10-31 131 days next alert 2026-07-03 |
Lease expiration (decide renew / vacate / negotiate) Term · Tenant |
Without a renewal or new lease, Tenant must surrender the Premises or fall into holdover at 150% of Base Rent. | Article 2 (Term) |
| UPCOMING | 2026-10-31 131 days next alert 2026-10-01 |
Letter of Credit return after lease end Security / Letter of Credit · Landlord |
Tenant should track for return/cancellation of the standby LOC (current face $88,350 after the 2024 reduction) within 30 days of lease end. Standby LOC capital tied up until returned. |
Article 8 (Security; Letter of Credit) |
| UPCOMING | 2026-11-01 132 days next alert 2026-10-02 |
Annual Base Rent escalation (3.0%) - applies if renewed Rent · Tenant |
Budget item. The 2026-11-01 Adjustment Date applies only if the renewal option is exercised; otherwise the Lease has expired. 3.0% step-up on Base Rent each Adjustment Date. |
Article 3.2 (Annual Escalation) |
| EVENT-DRIVEN | — | Estoppel certificate response (10 business days) Event-Driven · Tenant |
Late delivery is a default and is deemed a conclusive admission of the stated matters. Track from the date any request is received. | Article 10 (Estoppel Certificates) |
| EVENT-DRIVEN | — | Right of First Offer on Suite 220 (15 days) Event-Driven · Tenant |
Right to take adjacent ~3,100 sf lapses if not accepted within 15 days of Landlord's availability notice. | Article 7 (Right of First Offer) |
| LAPSED | 2024-01-31 873 days ago |
Early termination right (one-time) Option / Termination · Tenant |
Right has lapsed (notice deadline 2024-01-31 passed). Included to confirm no live early-exit remains. | Article 6 (Early Termination Option) |
| REFERENCE | — | Holdover rate (150% of Base Rent) Reference · Tenant |
Reference only. Quantifies the cost of running past the Expiration Date without a signed renewal or new lease. Holdover at 150% of approx $33,150/mo Base Rent equals roughly $49,700/mo plus Additional Rent. |
Article 11 (Holdover) |