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Posted: March 16th, 2022
Calvert Crossings Marketplace
Calvert Crossings Marketplace
Pansat, LLC
16625 South Springs Drive
Clifton, Virginia 20124
HK Calvert Crossings Marketplace, LLC
c/o Hyper-Kapital
3520 Prospect Street, NW
Suite 302
Washington, DC 20007
Attn: Phil Knox Via Federal Express
AssignmentTutorOnline
Re: Notice of Default and Reservation of Rights
Dear Landlord:
This letter is being sent on behalf of Pansat, LLC (the “Tenant”) under the Deed of Lease (the
“Lease”) with HK Calvert Crossings Marketplace, LLC (the “Landlord”) for the rentable space
located at Calvert Crossings Marketplace (the “Premises”).
This letter shall constitute a notice to Landlord of Tenant’s intent to terminate the Lease that a site
plan amendment in accordance with Section 29.29 of the Lease as a result of the failure of the Site
Plan Contingency which requires issuance of a Site Plan Amendment permitting a single drive
through lane with no less than four (4) vehicle spaces along the Building on or before that date
which is one hundred eighty (180) days following the Effective Date of the Lease. Specifically,
as of the date of this letter, the site plan submitted by Tenant (the “Site Plan”) providing for eight
(8) spaces has not been approved by the local government authorities. Accordingly, the Lease
shall be terminated upon that date which is thirty (30) days after the date hereof.
Please be governed accordingly.
Yours Truly
__________________
Charles Fairbanks
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