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Lease Agreement - 2025 - 4318 Clybourne Ave Cleveland, OH 44109.pdf

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RENTAL LEASE AGREEMENT This Rental Lease Agreement (this “Agreement”) is made and entered into this 12/09/2024 ________________, by and between Aligned Properties (“Landlord”) and _ _____________________________ (each, a “Tenant” and together, the “Tenants”). WHEREAS, Landlord is the Manager of certain real property in Cuyahoga County, Ohio, known as ____________________________________________________ (the “Property”); 4318 Clybourne Ave - Rear, Cleveland, OH 44109 Ave - Rear at the Property (t

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RENTAL LEASE AGREEMENT
This Rental Lease Agreement (this “Agreement”) is made and entered into this 12/09/2024
________________, by
and between Aligned Properties (“Landlord”) and _
_____________________________
(each, a “Tenant” and together, the “Tenants”).
WHEREAS, Landlord is the Manager of certain real property in Cuyahoga County, Ohio, known as
____________________________________________________
(the “Property”);
4318
Clybourne Ave - Rear, Cleveland, OH 44109
Ave - Rear at the Property (the “Premises”);
WHEREAS, there is an residency designated as 4318 Clybourne
_________________

WHEREAS, Tenants desire to lease the Premises from Landlord on the terms and conditions of this
Agreement; and
WHEREAS, the following named individuals have been identified by Tenant as permitted occupants of
the Premises, who shall occupy Premises (“Permitted Occupants”):
Name: _

_________________________

Name: ____________________________________
Name: ____________________________________

WHEREAS, Landlord desires to lease the Premises to Tenants on the terms and conditions of this
Agreement.
In consideration of the covenants and obligations of this Agreement and other good and valuable
consideration, the sufficiency of which is acknowledged by the parties, the parties agree as follows:
1

Rental Lease Agreement – ______________
1. TERM. Landlord leases to Tenants, and Tenants lease from Landlord the Premises for a term

of twelve (12) months, beginning 01/01/2025
____________________, and ending 12/31/2025
__________________
(the “Term”).
2. RENT. Tenants shall pay to Landlord as total rent for the Term the sum of $8,340.00
(____________), in
$695.00 each (“Rent”), due on the First (1) day of each month (“Due
monthly installments of ($______)

Date”). All payments shall be made on or before the due date, without demand, and shall be
remitted at such place as Landlord may from time to time specify by written notice to Tenant.
Tenants shall pay Landlord a thirty dollar ($30.00) fee for any returned check. If the Rent is not
received by Landlord within three (3) days following the payment due date on or before the Due
Date, TENANT shall pay, as an additional rent, a late charge in the amount of 5% of the
monthly Rent .
3. EARLY TERMINATION. Notwithstanding the Term, as set forth above, the Tenant shall have

the exclusive right to terminate this lease prior to the expiration of the Term, provided the
following conditions are met: (1) Tenant provide Landlord with written notice of his/her intent
to exercise this right to “Early Termination”, (2) Tenant is current in the payment of Rent, and
not in default of the terms and conditions of this Lease, (3) Tenant pays an amount equal to
__2__ months Rent, as consideration for this right to “Early Termination”.
4. HOLDING DEPOSIT. Tenants shall deposit with Landlord the sum of $695.00
$__________ as

a ”Holding Deposit” for the Premises. Landlord agrees to cease advertising the Premises once
this is received. If Tenant refuses to take occupancy of the Premises by lease beginning date for
any reason, Tenant agrees to forfeit holding deposit.
5. SECURITY DEPOSIT. In the event the Tenants do not terminate this Agreement prior to the
Term, as provided in Section 3, the Holding Deposit of $695.00
($__________) shall be held as security

for any damage caused to the Premises during the Term (“Security Deposit”). Landlord shall be
permitted to apply the Security Deposit to any rent that is due and remains unpaid or to repair
damages to the Rental Unit in excess of ordinary wear and tear or to pay the cost of cleaning the
Rental Unit or disposing of personal property left in the Rental Unit. Furthermore, Landlord
may apply the Security Deposit to pay any fines or costs required to be paid by any local, state,
or federal governments as a result of any of Tenant’s conduct. If, after the above deductions, if
any of the Security Deposit remains, Landlord shall refund it to Tenant no later than the thirty
days after the Expiration date, provided that Tenant provide Landlord with a valid forwarding
address. Landlord and Tenant agree to comply with the Terms of R.C. Sec. 5321.16 related to
procedures for security deposits.
6. UTILITIES AND SERVICES.

a. Landlord Provided. Landlord provides, at his own expense, the following: water, sewer,
2