SolarMax extends Riverside HQ lease to 2033
SolarMax Technology, Inc. entered into an amendment to the lease for its headquarters facilities at 3080 12th Street in Riverside, California.
Rhea-AI Filing Summary
SolarMax Technology, Inc. entered into an amendment to the lease for its headquarters facilities at 3080 12th Street in Riverside, California. The amendment extends the lease expiration from December 31, 2026 to December 31, 2033.
The annual base rent during the extended term is $1,855,566 for 2026 and increases each year until it reaches $2,282,112 for 2033. SolarMax will continue to pay certain operating expenses as under the prior lease. The amendment also allocates certain construction costs between the landlord and the company and includes mutual releases between the parties.
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8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What key agreement did SolarMax Technology (SMXT) disclose in this 8-K filing?
How long is SolarMax Technology’s headquarters lease now extended under the amendment?
What are the annual base rent amounts for SolarMax Technology’s lease after the amendment?
Does SolarMax Technology continue to pay operating expenses under the amended lease?
How are construction expenses handled in SolarMax Technology’s amended lease agreement?
What legal provisions are included in the SolarMax Technology lease amendment?
Where can investors find the full details of SolarMax Technology’s lease amendment?
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