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Lease Upper Unit - Lofty Holding 1845 W 48th Street LLC.pdf

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Tenant: Shannon Hager 216-259-3743 RESIDENTIAL RENTAL AGREEMENT CLE Airbnb LLC This Rental Agreement is made by and between _______________________ (Owner) hereinafter referred to as “Owner”, Keller Williams Greater Cleveland – Management (Landlord) 1548 Lakewood Ave. Lakewood, OH Shannon Hager 44107 hereinafter referred to as “Landlord”, and _______________________________________________(Tenant) hereinafter referred to as “Tenant”. 1. Rental Unit Description: Up Landlord leases to Tenant, and

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Tenant: Shannon Hager
216-259-3743

RESIDENTIAL RENTAL AGREEMENT
CLE
Airbnb LLC
This Rental Agreement is made by and between
_______________________
(Owner) hereinafter referred
to as “Owner”, Keller Williams Greater Cleveland – Management (Landlord) 1548 Lakewood Ave. Lakewood, OH
Shannon Hager
44107 hereinafter referred to as “Landlord”, and
_______________________________________________(Tenant)
hereinafter referred to as “Tenant”.

1. Rental Unit Description:
Up
Landlord leases to Tenant, and Tenant leases from Landlord, Unit _______,
located at the following address
1845 W48th St. Cleveland OH, 44102

______________________________________________________________, (hereinafter, the “Rental Unit”).
2. Use of Rental Unit:
A.

Tenant shall use the Rental Unit only for residential purposes.

B.

Tenant shall ensure that Tenant is in compliance with all applicable laws, including, but not limited
to, all state, local, municipal and zoning laws, and Chapter 5321 of the Ohio Revised Code.

C.

Tenant shall be responsible for the safety of Tenant’s, subtenants, guests, licensees, and invitees.

D.

Tenant may permit the following persons, and no others, to reside in the Rental Unit:
Shannon Hager, John Hagger, Michael Hager, Brandy
Hager
____________________________________________________________________________

four people to reside in the Rental Unit for a period
Under no circumstances shall Tenant permit more than _____
of more than 7 days. The use illegal drugs or substances is strictly prohibited in the or about the grounds of
the Rental Unit, and violation of this provision shall be an immediate default of this Rental Agreement.

3. Term of Rental Agreement
A. Term:
The term of this Rental Unit shall be for 1 year, commencing on
March
1, 2023
March 1,
2022
_____________________________,
and terminating at 5:00 pm on
______________________,
both
dates inclusive, unless sooner terminated hereafter, as provided in this Rental Agreement or by Tenant’s
default of any provision contained herein. Delivery of possession is contingent upon full payment of
security deposit and rent. Tenant will have no right to possess the property until all amounts are
paid in full.
______ Tenant Initials
B. Termination, Return of Possession and Renewal: Upon the termination of this Rental Agreement or
Tenant’s right of possession, whether by lapse of time or otherwise, Tenant shall deliver immediate
possession of the Rental Unit to Landlord and deliver all keys to the Landlord at the Landlord’s principal
place of business, or as Landlord otherwise directs.
Tenant and Landlord agree that both parties may agree to renew the Lease for a period of one year upon
the same terms and conditions set forth in the Lease, subject to Landlord’s right to increase the rent for
any renewal term, upon one party giving written notification of such intent to renew at least thirty (30)
days prior to the termination of this Lease, and the other party agreeing to renew the Lease within ten
(10) days of said notification. Notwithstanding the above, both parties agree that this Rental Agreement
shall automatically convert into a month to month tenancy if both parties fail to give notice to either
renew or terminate this Rental Agreement.

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2/10/2022

4. Rent
A. Rent: Tenant agrees to pay Landlord, his successors and assigns, at the Landlord’s principal place

of business or such other place as designated by Landlord, in the manner and method required by
Landlord, as Rent for the Rental Unit the sum of 15000
$________.00 for said term, due and payable in
monthly installments of 1250
$________.00, hereinafter referred to as the "Rent,” PLUS $15 per month
as Additional Rent, for required tenant liability insurance, as set forth herein. (“Due Date”).
______ Tenant Initials
5. Application of Rent Payments
A. All payments received by Landlord shall be applied as follows: First, to current and outstanding rental
charges and then to any past due charges, (including, but not limited to past due administrative fees,
utility bills, bad check fees, property damages and late charges).
In the event Tenant’s check is dishonored and returned unpaid, for any reason, to Landlord, Tenant agrees
to pay Landlord an additional thirty-five dollars ($35.00) to defray the expenses incurred by Landlord
for extra handling. The returned check charges shall be in addition to the late payment charge and are
considered “additional rent.” Landlord may also levy criminal charges against Tenant for attempting
payment with a bad check.
______ Tenant Initials
B. Monthly Rent Due Date: Rent for the Term is due on the first day of the month with no grace period.
For purposes of
R.C. Sec. 5321.17, the “periodic rental date” shall be the first day of the month.
HOT TO PAY RENT TO KELLER WILLIAMS:
2/10/2022

Not Applicable

1. ONLINE TENANT PORTAL
2. PAYSLIP
3. MAIL MONEY ORDERS TO – KW Greater Cleveland – Management at address: 1548 Lakewood
Ave. Lakewood, OH 44107
Tenant hereby acknowledges receipt of instruction on the various payment methods and understands the
same.
______ Tenant Initials
C. Effect of Late Payment of Rent: For any given month, if Landlord has not received the monthly rent
payment by the fifth day of the month, then Tenant shall pay a late fee of $25.00 (twenty-five dollars)
in consideration of the added administrative costs for Landlord to contact Tenant and make arrangements
for payment. Notwithstanding and in addition to the previous sentence, if rent is not received on the
first day of the month, Tenant shall be deemed to be in default of the terms of this Lease and
Landlord may pursue Landlord’s forcible entry and detainer remedies to evict Tenant or any other
remedies available under the laws of Ohio.
D. Personal Guaranty: In the event that Tenant is late at any time during the term of this Rental Agreement,
Landlord may require Tenant to obtain a personal guaranty from a person satisfactory to Landlord as
consideration for Tenant’s continued occupancy of the Rental Unit for subsequent months.
E. Accounting for Overdue Rent Payments: If Landlord accepts Tenant’s late payment of Rent (or any part
thereof), which Landlord is not obligated to accept, the late payment shall be applied first to the monthly

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