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Lease Agreement - 2023 - 3024 W. 103rd Street, Cleveland, OH 44111.pdf

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B2B Property Management 4320 Ridge Rd • Brooklyn, OH 44144 (216) 465-4011 1. Leasing Agreement 1.1 LEASE AGREEMENT THIS LEASE AGREEMENT (this “Lease”) is made and entered into on this 08/17/2023 by and between LOFTY HOLDING 3024 W 103RD STREET, LLC , the owner of record herein called "Landlord," and, herein called "Tenant." Landlord is represented by B2B Realty, and hereby agrees to rent to Tenant under the following terms and conditions the dwelling located at: 3024 W 103 ST. Cleveland, OH 4411

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B2B Property Management
4320 Ridge Rd • Brooklyn, OH 44144
(216) 465-4011

1. Leasing Agreement
1.1 LEASE AGREEMENT
THIS LEASE AGREEMENT (this “Lease”) is made and entered into on this 08/17/2023
by and between LOFTY HOLDING 3024 W 103RD STREET, LLC , the owner of record herein called "Landlord," and,
herein called "Tenant." Landlord is represented by B2B Realty, and hereby agrees to rent to Tenant under the following
terms and conditions the dwelling located at:
3024 W 103 ST.
Cleveland, OH 44111
under the following terms and conditions:

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1.2 FIXED-TERM AGREEMENT (LEASE):
Tenants agree to lease this dwelling for a fixed term of 12 months , beginning 10/01/2023 and ending 09/30/2024 . 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,
sub ect 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. There will be an additional month-to-month
fee of $75.00 per month in addition to the regular rent.

1.3 EARLY TERMINATION OF LEASE:
Tenant shall have the right to terminate this agreement early with a 30 day notice to Landlord. The security deposit will be forfeited to
landlord and an early termination fee of $3570will be charged and landlord will absolve tenant of any legal duty to fulfill remainder of the
lease.

1.4 RENT:
Tenant agrees to pay landlord as rent the sum of $1,190.00 per month as rent for the term of the Agreement. Due date for rent payment
shall be the 1st day of each calendar month and shall be considered advance payment for that month. Weekends and holidays do not delay
or excuse Tenant’s obligation to timely pay rent. ONLINE PAYMENT AND PAYSLIP ARE THE ONLY ACCEPTED FORM OF PAYMENT.
PaySlip is a PayNearMe Cash PaySlip that may be requested from Landlord which allows Tenant to pay rent with cash at a nearby Walmart,
7-Eleven, CVS, Walgreens, Casey s General Store, or Ace Cash Express. Transaction fees may apply to online payments or PaySlip. In the
rare event that an online payment is returned due to Non Sufficient Funds (NSF) or returned unpaid for any reason, Tenant agrees to pay a
returned transaction charge of $30.00 and any additional late fees until the rent is paid in full. Landlord will apply all funds received from
Tenant first to any non-rent obligations of Tenant including late charges, returned check charges, charge-backs for repairs, brokerage fees,
unpaid utilities, then to current rent, regardless of any notations on a check. It is expressly understood and agreed that the tenant shall be
and remain liable for any deficiency in rent until the lease expires or until such time as in the interim, the premises are leased by another
acceptable tenant.
Paying rent with money orders is discouraged, but is the only other form of acceptable payment method for Tenants residing near B2B
Realty s office. A $15.00 money order processing fee applies for all money orders mailed in or dropped off at B2B Realty s office. Unless
Landlord notifies Tenant of a change in address, all money order payments must be made out to B2B Realty and mailed or delivered to
Landlord at the following address: 4320 Ridge Road, Brooklyn, OH, 44144.

1.5 RENT DUE DATE/LATE FEE:
Rent shall be deemed received when actually delivered to, and received by, Landlord at the payment location. Rent is due in full on the 1st
of every month. If partial payments have been made, rent will still be late. If the full amount is not in the landlord’s possession on or before
the end of the 5th day of the month a late fee will be charged for any additional amount that is past due. Payments made after the 5th of
the month will incur a $75.00 late fee. Late fees charged under this section shall not exceed any maximum limitation imposed by law. B2B
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Property Management may report rental payment data to credit agencies.

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1.6 SECURITY DEPOSIT:
Contemporaneously with the execution of this Lease, Tenant shall deposit with Landlord a security deposit in the amount of 2250 as security
for the return of the Premises at the expiration of the term of this Lease in as good condition as when Tenant took possession of the Premises,
as well as the faithful, timely and complete performance of all other terms, conditions and covenants of the Lease. 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. Landlord may retain the Security Deposit for nonpayment of Rent or Additional Rent,
damage to the Premises, replacement of damaged or missing items on the Premises, and/or cleaning of the Premises, to perform any
obligation Tenant fails to perform under this Lease, or in connection with Landlord’s remedies under this Lease. Tenant shall not have the
right to require landlord to apply any or all portions of such security deposit to the payment of rent. No interest will be paid on this money.
It will be held intact by Landlord until at least thirty (30) working days after Tenants have vacated the property. At that time Landlord
will inspect the premises thoroughly and assess any damages and/or needed repairs. This deposit money minus any necessary charges
for missing/dead light bulbs, garage door remotes, repairs, cleaning, etc., will then be returned to Tenant with a written explanation of
deductions, within 60 days after they have vacated the property. The tenant agrees to provide the landlord, in writing, a forwarding address
upon vacating the premises. Landlord shall mail the return or accounting to the forwarding address provided by Tenant or, if no forwarding
address has been provided, to Tenant’s last known address. If Tenant consists of more than one person, Tenant agrees that Landlord may
provide, at Landlord’s discretion, the return or accounting to one representative of Tenant or pro-rata refunds to each person.

1.7 SECURITY DEPOSIT FORFEITURE
In the event the Security Deposit is not paid by Tenant through the channels and within the due date provided by Landlord, this Leasing
Agreement shall be considered null and void. Additionally if the Security Deposit is paid, Landlord shall reserve the dwelling for Tenant,
and in the event Tenant does not pay all remaining move-in charges and fails to successfully complete a move-in, Security Deposit shall be
forfeited by Tenant and retained by Landlord to recover lost rent resulting from reserving the dwelling for Tenant.

1.8 ABANDONMENT:
In the event tenant abandons the premises at any time during the term, Landlord may, at landlord s options, obtain possession of the
premises in the manner provided by law, and without becoming liable to tenant for damages or for any payment of any kind whatever
including removing and disposing of any personal property left by tenants.

1.9 LANDLORD' S PROPERTY:
Any appliances or other furnishings or fixtures provided by landlord shall remain the property of landlord at all times. Tenant shall exert
reasonable care in maintaining such appliances, furnishings, and fixtures and shall avoid damage to same. Smoking inside the dwelling
is not permitted. Tenants will be responsible for any stains, buts, bums and other excessive wear to the carpeting. If anyone removes any
property belonging to Landlord without the express written consent of the Landlord, this will constitute abandonment and surrender of the
premises by Tenant and termination by them of this Rental Agreement. Landlord may also take further legal action.

1.10 SIGNS:
Landlord reserves the right to affix signs to the property or place signs in the yard. Tenant is forbidden from removing, defacing and or
damaging any of the Landlord’s signage. Tenant will be charged a minimum of $95 per sign plus the cost of labor and materials associated
with replacing the signage that has been damaged, defaced or removed from the property while property was in tenant’s possession.

1.11 CHANGES IN TERMS OF TENANCY:
(This paragraph applies only when this Agreement is or has become a month-to-month agreement). Landlord shall advise Tenants of any
changes in terms of tenancy with advance notice of at least thirty (30) days. Changes may include notices of termination, rent ad ustments,
or other reasonable changes in the terms of this Agreement.

1.12 TENANT COOPERATION WHEN SHOWING UNIT:
Tenant agrees to cooperate with the Landlord in showing the property to prospective tenants, buyers and/or any other individuals the
Landlord wishes to view the property.

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