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<p class="MsoNormal"><span style="font-size:14.0pt">Lessee client has commercial lease and has been notified that Sound Transit is by condemnation taking the lessor’s property of which the lessee’s parcel is a small part. Sound Transit indicates it will
proceed with condemnation but will lease back for the same period of time the parcel is currently leased by lessor, but will not honor the lease and will insist on a new lease. Balance of current lease term will likely not conflict with Sound Transit’s plan.
Because the duration does not appear to be a major issue (lessee was planning to move, but new location not likely available until end of current lease), the issue is the rental rate as current lease is “old” and has a reasonable rental rate for today’s market.</span></p>
<p class="MsoNormal"><span style="font-size:14.0pt"> </span></p>
<p class="MsoNormal"><span style="font-size:14.0pt">Will Sound Transit take subject to the lease, or if new lease, pay lessee the amount of increase, if there is to be an increase in the rent? (moving expenses not an issue)</span></p>
<p class="MsoNormal"><span style="font-size:14.0pt"> </span></p>
<p class="MsoNormal"><span style="font-size:14.0pt">Appreciate any comment and suggestion as to how best to proceed.</span></p>
<p class="MsoNormal"><span style="font-size:14.0pt"> </span></p>
<p class="MsoNormal" style=""><span style="font-size:10.0pt; font-family:"Verdana","sans-serif"">Ronald L. Coleman<br>
</span><span style="font-size:7.5pt; font-family:"Verdana","sans-serif"">Direct 253-238-5129 - rcoleman@dpearson.com</span><span style="font-size:12.0pt; font-family:"Times New Roman","serif""></span></p>
<p class="MsoNormal" style=""><b><span style="font-size:13.5pt; font-family:"Times New Roman","serif"; color:#5A647F">Davies Pearson,
</span></b><b><span style="font-size:10.0pt; font-family:"Times New Roman","serif"; color:#5A647F">P.C.</span></b><span style="font-size:12.0pt; font-family:"Times New Roman","serif""><br>
</span><span style="font-size:7.5pt; font-family:"Verdana","sans-serif"; color:#5A647F">ATTORNEYS AT LAW</span><span style="font-size:12.0pt; font-family:"Times New Roman","serif""><br>
</span><span style="font-size:7.5pt">920 Fawcett Avenue / PO Box 1657, Tacoma, WA 98401<br>
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