Southtowns Record

Planning Board agenda packet — September 30, 2026

Government
City of Lackawanna
Board
Planning Board
Meeting
Sep 30, 2026
Kind
Agenda packet
Topics
Zoning and land use, Water, sewer and drainage, Parks and recreation, Budget and taxes, Housing, Public safety

Original document

Same meeting

Text · page 101 of 131

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© Jotformsicgn  Document ID: 261815503788061

  COMMERCIAL  LEASE

THIS LEASE AGREEMENT  is made and entered on this__1  _ day of August
2026 by and between 123 FARM  PROPERTY  HOLDINGS,  INC., with an address of
1971 Abbott Road, Lackawanna, New York 14218 (herein referred to as “Lessor”)
and ASSET RECOVERY  BUREAU  LLC., with an address of 1971 Abbott Road,
Suite “A”, Lackawanna, New York 14218 (herein referred to as “Lessee”). Lessor
agrees to lease to Lessee the premises situated at 1971 Abbott Road, Suite “A”,
Lackawanna, New York 14218, being commercial office space consisting of 3534 sq.
ft. under the following terms and conditions:

1. Term. This Lease has a maximum term of two (2) years and shall commence on
August 1, 2026 and terminate on July 30, 2028.

2. Rent. Lessee agrees to make, without demand, following rental payments to Lessor:

  Years 1 (August 1, 2026 thru July 30, 2027): The monthly rental payment shall
  be THREE  THOUSAND  FIVE HUNDRED  THIRTY FOUR DOLLARS
  ($3,534.00).

  Years 2 (August 1, 2027 thru July 30, 2028): The monthly rental payment shall
  be THREE THOUSAND  SEVEN HUNDRED  FORTY  SIX DOLLARS
  ($3,746.04).

All rental payments shall be made in U.S. funds, due and payable in advance on the
1st day of each calendar month to the Lessor at 1971 Abbott Road, Lackawanna, New
York 14218, or at such other address as Lessor may designate.

3. Security Deposit. Lessee agrees to keep a security deposit with Lessor the sum of

SEVEN THOUSAND  SIXTY EIGHT DOLLARS  ($7,068.00), to be held without
interest, as a security deposit for the full and faithful performance of all lease terms
and conditions. Lessee agrees and understands that under no condition shall the
security deposit be applied to the last month’s rent under this Lease. During the terms
of this lease, the security deposit may be used by Lessor to cover any unpaid rent,
additionally rent or damages arising from Lessee’s breach of the Lease terms. In the
event the security deposit is used for such charges, Lessee agrees within ten (10) days
of demand, to fully replenish the security deposit. Lessor agrees that at the end of the
term, to make an inspection of the Premises to determine the cost of cleaning and
repairs, if any, arising from Lessee’s occupancy and use of Premises. Lessee agrees to
pay any such cleaning or repair charges out of the security deposit. Lessee further
agrees to immediately pay any deficiency as a result of such cleaning or repair charges