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GROUND LEASE - RIDGE VIEW COMMONS II
City of Pleasanton
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GROUND LEASE - RIDGE VIEW COMMONS II
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8/22/2024 1:40:57 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
6/1/2024
LONG TERM AGREEMENTS - NAME
GROUND LEASE - RIDGE VIEW COMMONS II
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
LONG TERM AGREEMENTS - NOTES
LOC IN RC II FOLDER
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reasonable inspections performed during reasonable business hours in order to assure compliance <br />by Lessee with its obligations under this Lease. <br />ARTICLE 14. <br />VACATION OF LEASED PREMISES <br />Section 14.1 Vacation Upon Termination. Lessee covenants that upon any termination <br />of this Lease, whether by lapse of time or because of any of the conditions or provisions <br />contained herein, Lessee will peaceably and quietly yield and surrender possession of the Leased <br />Premises to Lessor. The foregoing, however, will be subject to the rights of Tenants or others in <br />possession pursuant to Tenant Leases with Lessee, provided that such Tenants are not in default <br />thereunder and attorn to Lessor as their lessor. An action of forcible detainer shall lie if Lessee <br />holds over after a demand for possession is made by Lessor. <br />ARTICLE 15. <br />NON -MERGER <br />Section 15.1 Non -Merger. Except upon expiration of the Term or upon termination of <br />this Lease, there shall be no merger of either this Lease or Lessee's Estate with Lessor's fee <br />interest in the Land or Lessee's fee interest in the Improvements by reason of the fact that the <br />same person may acquire, own or hold, directly or indirectly (a) this Lease, Lessee's Estate or <br />any interest in this Lease or the Improvements, and (b) a fee interest in the Land or the <br />Improvements, unless and until the Lessor, all Lenders with an Approved Loan, and all persons, <br />including any assignee of Lessor, having an interest in (i) this Lease or Lessee's Estate, and (ii) <br />the fee estate in the Leased Premises or any part thereof, shall join in a written instrument <br />effecting such merger and shall duly record the same. <br />ARTICLE 16. <br />TRANSFERS <br />Section 16.1 Restrictions on Transfer. The Regulatory Agreement (i) sets forth certain <br />restrictions on the Transfer of the Project and Lessee's interest in the Property, and on changes in <br />the ownership and control of Lessee, and (ii) describes requirements for proposed Transfers. <br />Lessee shall comply with all such restrictions and requirements, including without limitation the <br />requirement that any approved transferee shall assume the rights and obligations of Lessee under <br />this Lease, the Regulatory Agreement, and the other City Documents pursuant to a written <br />instrument satisfactory to Lessor and recorded in the Official Records. <br />35 <br />4859-3312-3005v5 <br />
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