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Lease - 2024 - 2 - 1456 W 85th St, Cleveland, OH 44102.pdf

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Lofty Cleveland Portfolio 1468 West 9th Street • Suite #100 • Cleveland, OH 44113 (205) 940-6363 1. Residency and Financials 1.1 RESIDENTIAL RENTAL AGREEMENT This lease (hereinafter referred to as the Lease) is made 06/02/2024 by and between Evernest Holdings, LLC, a Delaware limited liability company, (hereinafter referred to jointly and severally as the Landlord) and Tenants(s): Co-Signer(s): hereinafter referred to jointly and severally as the Tenant). The covenants and conditions stated in t

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Lofty Cleveland Portfolio
1468 West 9th Street • Suite #100 • Cleveland, OH 44113
(205) 940-6363

1. Residency and Financials
1.1 RESIDENTIAL RENTAL AGREEMENT
This lease (hereinafter referred to as the Lease) is made 06/02/2024 by and between Evernest Holdings, LLC, a Delaware limited liability
company, (hereinafter referred to jointly and severally as the Landlord) and
Tenants(s):
Co-Signer(s):
hereinafter referred to jointly and severally as the Tenant). The covenants and conditions stated in the Lease shall bind both the Landlord
and the Tenant jointly and severally.

1.2 PREMISES LEASED
The landlord, in consideration of the rent to be paid and covenants and agreements to be performed by the Tenant does hereby lease the
following described premises located at:
1456 W 85th St Unit 3
Cleveland, OH 44102
(hereinafter referred to as the Premise). The Premises shall include the following personal property owned by the Landlord:

1.3 LEASE TERM
The Tenant agrees to occupy said Premises for an original term commencing on 07/01/2024 ending on 07/01/2025 . The Lease shall
automatically renew for month to month basis with a rent increase 20.0% (rounded up to the nearest $5 increment) in the case that Tenant
chooses not to accept the renewal offered by Landlord prior to the required 30-day notice period (each of which shall be referred to as a
“Renewal Term”). Any early termination of the Agreement will be in strict accordance with Landlord’s most recent version of the Early
Termination Addendum (attached hereto). Any other termination must be in accordance with the renewal provisions below.

1.4 RENT
The tenant agrees to pay as rent for the Premises the rate of $800.00 per month plus pro-rated amount should the term of the Lease
commence on any date other than the first day of the month.
Upon signing this Agreement Tenant agrees to pay Landlord a $$200 Renewal Fee.
The Monthly Rent is comprised of $800.00 for the rental of the Premises, plus any amount of pet rent and/or pet fee as outlined in Section
1.9 of this Agreement, the Resident Benefits Package (RBP) of $39.99, and the Building Protection Plan Fee of $11.
Total Monthly charges:
Resident Benefit Package 2.0

$39.99

Building Protection Plan

$11.00

Rent Income

$800.00

Total:

$850.99

RENT IS DUE ON OR BEFORE THE FIRST OF EACH MONTH (THE DUE DATE).
RENT UNPAID 5 days after the due date is delinquent and will authorize all remedies in the lease. If all rent is not received on or before
the 5th day of the month, the Tenant agrees to pay as an initial late fee of 10% of Monthly Rent for any Monthly Rent that is paid late and
landlord is force to post an eviction notice on your unit. All funds received shall be applied for check charges, late charges, damage charges,
delinquent rent, and current rent, in that order.

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Tenant agrees to pay $30.00 for each dishonored, failed, or rejected payment for bookkeeping costs and handling charges, plus late charges if
the check is not made good before the third day after the due date. All future rent and charges shall be paid in the form of cashier's checks,
certified check or money order. If any check for the security deposit or the first month's rent is returned for insufficient funds, Landlord may
declare this Agreement void and immediately terminated.
Landlord strongly suggests using the Tenant Portal for payment via ACH (direct deposit from Tenant’s checking account), by credit or
debit card (additional card processing fees may apply), or using Landlord's PayNearMe system in order to avoid a processing fee. Rent
paid via check or money order, mailed or dropped at the office, is subject to a $20 administrative fee per occurrence.
The tenant agrees further that acceptance and/or refusal by the landlord of the rent payment after the due date shall in no manner constitute
a waiver of the landlord's rights in the event of the tenant's failure to make rental payments as herein prescribed and agreed, nor shall it be
considered as a change in the date upon which the tenant is to pay said rent. Failure to demand the rent when due shall not constitute a
waiver by the landlord, and the necessity of demand for the rent by the landlord when the rent is overdue, is hereby waived.
The landlord agrees to notify the tenant, in writing, at least 30 days prior to the expiration of the lease, or any renewal thereof, of any increase
in the rent charged for occupancy of the Premises.

1.5 OCCUPANCY
The tenant agrees that only the persons listed below shall occupy the premises.

Notwithstanding the foregoing, Tenant acknowledges and agrees that under no circumstances shall the number of persons residing in the
Premises exceed two (2) times the number of bedrooms in the Premises. No persons shall be released from the covenants of the lease without
first obtaining the written agreement of the other tenants and/or consignees set forth herein and written approval of changes from the
landlord. If such changes are agreed upon, all parties herein agree to make the necessary changes to the lease before changes are valid.
The tenant agrees that the premises are to be occupied for residential purposes only. The premises shall not be used or allowed to be
used for any unlawful purpose, or for any purpose deemed hazardous by the landlord because of fire or any other risk or in any other
manner which would disturb the peaceful, quiet enjoyment of any other occupant of the apartment community of which the premises are
a part. The landlord reserves the right of eviction for the illegal manufacture, distribution, use or other illegal activities in connection with
controlled substances. A criminal conviction shall not be necessary before the landlord can institute an eviction action.

1.6 SECURITY DEPOSIT
The tenant has paid a Damage/Security Deposit to the Owner or Owner's broker in the amount of
before the date of the tenant's first
occupancy of the premises. The tenant agrees the deposit is not an advance payment of rent and does not relieve the obligation to pay
rent including rent for the last month of occupancy. The landlord, at the expiration of the lease or hold-over tenancy, may apply the
security deposit for past due rent, fees, utilities, and/or for the cost of replacing damages beyond reasonable wear and tear to the premises
caused by the tenant, his/her guests, family or invitees. Also, abandonment or vacating of the premises by the tenant before the end of the
term shall result in the landlord deducting damages he has incurred from the security deposit. The landlord shall attempt to mitigate any
damages as a result of abandonment. The aforementioned tenants shall be jointly and severally responsible for all losses incurred by the
landlord occasioned by the tenancy.
The tenant agrees to provide the landlord, in writing, a forwarding address upon vacating the premise. The landlord agrees to return
to the tenant the security deposit, or whatever part has not been applied in payment of any tenant allegations under the lease, within 30
days after the expiration or any renewal of the lease and delivery of possession of the premises to the landlord, whichever is last to occur.
Any deductions from the security deposit shall be itemized and identified in writing by the landlord during this same time period. This
provision does not waive rights of the landlord to seek damages in excess of the security deposit, The tenant agrees to reimburse the landlord
for any rent, fees, utilities due and/or damages exceeding the security deposit.
Deposit Waiver Fee: If this property qualifies, Tenant may elect to pay a Deposit Waiver Fee in lieu of paying a Security Deposit. Please see
attached Deposit Waiver Fee Addendum for more information where applicable.

1.7 KEYS
All keys must be returned when tenant vacates premises. There will be a $100.00 re-keying charge per door/key not being returned upon
vacating. No additional locks shall be placed upon any doors of the premises. In the event that tenant changes the lock to their apartment
entrance door without written permission from landlord, any damages that may result to the premises as the result of the landlord not being
able access to the premises will be borne by tenant. In the event of a lockout, only a Tenant who has signed this Lease may request entrance
into the Premises. A minimum service charge of $100.00 will be made for opening Tenant's entrance door. If Landlord’s personnel are not
available, Tenant may hire the services of a private locksmith at Tenant's sole cost and expense, and Tenant shall be responsible for any and
all costs incurred by Landlord to re-key the locks to match Landlord’s master key, if necessary.
• A. MOVE OUT NOTICE AND RENEWAL. Unless another lease is signed by the parties hereto or unless written notice of termination
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