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Lease Agreement - 2025 - 5541 S Peoria St, Chicago, IL 60621.pdf
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| Property | 5541 S Peoria St, Chicago, IL 60621 |
|---|---|
| Folder | Lease Agreements |
| Kind | |
| Updated | 2025-02-24 |
| Dropbox path | 02 - Lease Agreements/Lease Agreement - 2025 - 5541 S Peoria St, Chicago, IL 60621.pdf |
What This File Appears To Be
Illinois Lease Agreement This Lease Agreement ("Lease") is entered into on February 21, 2025, by and between Lofty Holding 5541 S Peoria St DAO LLC ("Landlord"), and ("Tenant"). Leased Property. The Landlord hereby leases to the Tenant the apartment located at 5541 s Peoria st, Chicago, Illinois 60621 ("Leased Property"). Term. This Lease shall be for a fixed term, starting on February 21, 2025 ("Start Date") and ending on February 21, 2026 ("Termination Date"). The Tenant will be entitled to po
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Illinois Lease Agreement
This Lease Agreement ("Lease") is entered into on February 21, 2025, by and between Lofty Holding 5541 S Peoria St
DAO LLC ("Landlord"), and
("Tenant").
Leased Property. The Landlord hereby leases to the Tenant the apartment located at 5541 s Peoria st, Chicago, Illinois
60621 ("Leased Property").
Term. This Lease shall be for a fixed term, starting on February 21, 2025 ("Start Date") and ending on February 21, 2026
("Termination Date"). The Tenant will be entitled to possession of the Leased Property beginning on the Start Date and
shall maintain possession of the Leased Property until the Termination Date unless terminated through approved methods
outlined in this Lease or under Illinois law.
Rent. The Tenant agrees to pay to the Landlord as rent for the use and occupancy of the Leased Property the sum of $
1,350.00 due on the first day of each month ("Rent").
The Rent shall be paid by the following method(s):
Electronic Payment Methods
The following electronic payment methods will be accepted:
Baselane
The Rent shall be payable to Yhome Nursing LLC, located at 52 Point Pleasant Drive, Palm Coast, FL, Palm Coast, Florida
32164. Yhome Nursing LLC can be reached at
If any payment is returned for non-sufficient funds or because the Tenant stops payments, then, after that, the Landlord
may, in writing, require the Tenant to pay future Rent payments by cash, cashier's check, or money order.
Non-Sufficient Funds. The Tenant shall be charged $25.00 as reimbursement of the expenses incurred by the Landlord
for each check that is returned to the Landlord for lack of sufficient funds. In addition, a check returned due to insufficient
funds will be subject to any and all Late Payments provisions included in this Lease. All charges will be immediately due
from the Tenant and failure to make immediate payment will constitute a default under the terms of this Lease.
The Landlord reserves the right to demand future Rent payments by cash, cashier's check, or money order, in the event a
check is returned for insufficient funds. Nothing in this paragraph limits other remedies available to the Landlord as a
payee of a dishonored check. The Landlord and the Tenant agree that 3 returned checks in any 12-month period constitute
frequent return of checks due to insufficient funds and may be considered a just cause for eviction. The Landlord shall
notify the Tenant of this election at least 30 days before the date the Tenant is to make the first payment by cash, cashier's
check, or money order.
Late Fee. In accordance with MUN. CODE CH. 5-12-140(h), if the Tenant fails to pay Rent on time, the Landlord may
charge a late fee of $10 per month on rents under $500 plus five percent (5%) per month on that part of the Rent that
exceeds $500.
Default. The Tenant will be in default of this Lease if the Tenant fails to comply with any material provisions of this Lease
by which the Tenant is bound. Subject to any governing provisions of law to the contrary, if the Tenant fails to cure any
financial obligation (or any other obligation) after written notice of such default is provided by the Landlord to the Tenant,
the Landlord may elect to cure such default and the cost of such action will be added to the Tenant's financial obligations
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under this Lease. All sums of money or charges required to be paid by the Tenant under this Lease will be additional rent,
whether or not such sums or charges are designated as "additional rent." The rights provided by this paragraph are
cumulative in nature and are in addition to any other rights afforded by law.
Utilities. The Tenant agrees to pay all charges for all utilities, including electricity, internet, cable, gas, water, garbage
disposal, and telephones, used in or on the Leased Property during the term of this Lease. The Tenant shall make payments
for these utilities directly to the utility companies. The Tenant also agrees to comply with any environmental, waste
management, recycling, energy conservation, or water conservation programs implemented by the Landlord.
Separate Gas Meter. The Landlord does provide a separate gas meter for the Leased Property so that the Tenant's meter
measures only the gas service to the Leased Property.
Separate Electric Meter. The Landlord does provide a separate electric meter for the Leased Property so that the Tenant's
meter measures only the electric service to the Leased Property.
Keys and Locks. After any previous tenant has vacated the Leased Property and prior to the Tenant gaining possession of
the Leased Property, the Landlord will change or re-key the locks. If the Landlord fails to do so, the Landlord is liable to
the Tenant for any damages the Tenant may incur if a theft occurs at the dwelling unit that is attributable to the Landlord's
failure to rekey or change the lock. The Tenant will be given a set number of keys for the Leased Property. If all keys are
not returned to the Landlord following termination of the Lease, the Tenant will be charged a monetary fee to replace the
keys. If a Security Deposit was collected by the Landlord at the time of signing this Lease, then such amount will be
subtracted from the Security Deposit. The Tenant is not permitted to change any lock or place additional locking devices on
any door or window of the Leased Property without the Landlord's approval prior to installation. If allowed, the Tenant
must provide the Landlord with keys to any changed lock immediately upon installation.
Occupancy of Leased Property. Except as stated otherwise in this Paragraph, only those individuals identified in this
Lease as the "Tenant" (including their minor children) may reside in the Leased Property. The individuals identified as the
"Tenant" shall sign this Lease. It is explicitly understood that this Lease is between the Landlord and each Tenant signatory
individually and jointly. If any one signatory defaults, the remaining signatories are collectively responsible for timely Rent
payment and all other terms of this Lease. The Tenant may have up to 2 guests on the Leased Property at any one time. A
"guest" shall be considered anyone who is invited by the Tenant to be present at the Leased Property, and who is also not
included in the Lease. The Tenant may not have guests on the Leased Property for more than 14 days. No other person
shall be permitted to occupy the Leased Property except with the prior written approval of the Landlord.
Use of Leased Property. No retail, commercial, or professional use of the Leased Property is allowed unless the Tenant
receives prior written consent of the Landlord and such use conforms to applicable zoning laws. In such a case, the
Landlord may require the Tenant to obtain liability insurance for the benefit of the Landlord. The Landlord reserves the
right to refuse to consent to such use in its sole and absolute discretion.
The Tenant is required to obtain the Landlord's approval in writing before bringing pets onto the Leased Property or
allowing pets to reside there.
The Tenant must ensure that no actions or activities in or around the Leased Property obstruct or interfere with the rights of
neighboring occupants, causing them harm or annoyance, or utilize the Leased Property for improper illegal or
objectionable purposes. Additionally, the Tenant must prevent or refrain from creating or allowing any nuisances on the
Leased Property, or engaging in any activities that may lead to increased insurance rates, affect fire insurance coverage, or
result in the cancellation of any insurance policies for the property or its contents.
Use of the roof and/or the fire escapes by the Tenant and/or guests is limited to emergency use only. No other use is
permitted, including but not limited to, the placement of personal property.
Assigning or Subletting. The Tenant may not do any of the following without the Landlord's prior written consent: (1)
assign this Lease; (2) sublet all or any part of the Leased Property; (3) allow any person to use the Leased Property other
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