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Lease for 26 Pender Street, Vancouver, British Columbia Yip Sang Company 1937

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Full Text

 Code 976077
S-466/2
British Columbia
s
s
n
THIS INDENTURE made the.
?&mm
FIRST
day of_
MS$L
.one thousand nine hundred and-f^M^L-^MM-
IN PURSUANCE OF THE SHORT FORMS OF LEASES ACT:
BETWEEN:
IMPERIAL OIL LIMITED, a corporate body having its head office at the
City of Sarnia, in the County of Lambton, hereinafter called the Lessor;
OF THE FIRST PART;
—AND—
EAHQ tS II? of the City of Vancouver,  in the- Province
hereinafter called the Lessee;     oF British Columbia
OF THE SECOND PART.
WITNESSETH that the said Lessor doth demise unto the said Lessee, his executors,
administrators and assigns, subject to the conditions hereunto annexed and forming part
hereof and evidenced by the signature of the Lessee, and of the terms and conditions of the
Lease under which the Lessor now holds:
ALL AND SINGULAR
that certain parcel or tract of lane* and premises
situate lying ano. being in the City of Vancouver, and located at
# 26 Pender Street ^ast, near Carrall, in said City, together with
buildings and equipment. Code 976077
S-iSS/2
British Columbia
^
TO HAVE AND TO HOLD the said demised premises for and during the term of_J?!!I
XEAR __. t ^ * „__     flttf J M '!KIt  1957
.to be computed from the.
_day of_
and
from thenceforth next ensuing and fully to be complete and ended.
YIELDING AND PAYING therefor yearly and every year, during the said term unto
the said Lessor, its successors and assigns, the sum rf-TM
■      *      a      &
#   t 00,0 0
payable on the following days and times, that is to say;
%E6$®h ......   .per month    /£**_ J^At /AJA
..day of._!l^-2!aZ
the first of such payments to be made on the,.
FIRST
Should the Lessor make any additions or improvements to the buildings, plant and equipment in or upon the said premises, the Lessee's annual rent shall be increased by an amount
equal to ten per centum of the cost of such increase from the date on which the said cost
shall be notified to the Lessee , such annual increase in rental to be payable in monthly
instalments together with the payments of rental above provided for.
THE said Leasee, covenants with the said Lessor to pay rent.
AND to pay taxes ;   only
AND to repair, reasonable wear and tear, and damage by fire, lightning and tempest only
excepted;
AND will not assign without leave;
AND the said Lessor may enter and view state of repair and that the said Lessee will
repair according to notice reasonable wear and tear, and damage by fire, lightning, earthquake and tempest only excepted;
AND will not sub-let without leave;
AND that he will leave the premises in good repair, reasonable wear and tear and damage
by fire, lightning, earthquake and tempest,only excepted.
PROVIDED that the Lessee may remove his fixtures.
PROVISO for re-entry by the said Lessor on non-payment of rent or non-performance of
covenants;
PROVIDED that in the event of fire, lightning or tempest rent shall cease until the
premises are re-built, or, at the option of the Lessor these premises forthwith to become null
and void, and the premises hereby leased to be surrendered forthwith to the Lessor.
THE said Lessor covenants with the said Lessee     for quiet enjoyment.
IT IS MUTUALLY AGREED that these presents are executed by the Lessor upon
the express condition that the Lessee will purchase from the Lessor and no other, for re-sale
on the premises during the term hereby created, all the Lessor's regular trade mark brands
of oil and petroleum and other products manufactured, dealt in, and/or sold by the Lessor.
The Lessee agrees to pay the Lessor cash on delivery for gasoline at the Lessor's tank-wagon
market price, and for all other products, the Lessor's dealer's price, cash on delivery, which
prices may be current at the time of each purchase.
If the Lessee at any time fails, refuses or neglects to perform any of the conditions,
stipulations or agreements herein contained which on his part ought to be performed, or shall
become bankrupt, or have a petition in bankruptcy filed against him, ui ■ uiiiili "iimAi any cum-*
position with or assignment for the benefit of his creditors, or shall permit any execution to
be levied upon his goods, then and in any such case, the Lessor (in addition to any right or
remedies heretofore conferred upon the Lessor) or its agents or Manager, or any other person
authorized by it on its behalf, shall be at liberty to give fifteen days' notice of the termination
of this Lease and forthwith, upon the expiry of the said fifteen days from the mailing of the
said notice or the delivery of the same to the said Lessee , this Lease shall be determined
and at an end and the Lessor may thereupon enter into and take possession of the said
premises.   Nothing herein contained shall be deemed or construed to make the Lessee     agent Code 976077
S-466/2
British Columbia
of the Lessor, and the Lessee covenants and agrees to indemnify and save harmless the
Lessor from all loss, costs, damages and expenses arising out of the existence of these presents
or of anything done or maintained hereunder.
PROVIDED that the Lessor may terminate this Agreement at any time by giving the
Lessee thirty (30) days' notice in writing of its intention so to do, and at the expiration of the
said thirty days the Lessee will quietly and peacefully deliver possession of the premises to
the Lessor.
The covenants and agreements herein entered into by the Lessees where there are more
than one are to be construed as both joint and several.
IN WITNESS WHEREOF the party hereto of the first part has caused its corporate seal
to be affixed evidenced by the hands of its proper officers in that behalf and the party of the
second part has hereunto set his hand and seal the day and year first above written.
SIGNED,, SEALED and DELIVERED:
Iiyjhe Presence of: qajp       V,   4.   Jt6"bfr   XaQf*
i
f
DESCRIPTION.
7>
\
Lor.ATinM §  26 Pender street -faast, near
Carrall St. VANCOUVER B. G.
V
y t
if
„ /
■Je
■y
1
a
O—*
STREET AND NUMBER
IMPERIAL    OIL    LIMITED
— TO —
-/ yHJ Mifi KE» IIP
*     E /      a ■■'^■^^^•9^9/
of the City of Vancouver,
in the Province of British Coluadia
30?as?
CODE 976077        S-466/2—BRITISH COLUMBIA
CJBW 4983

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