← 665 Chapman St, Edwardsville, IL 62025 · All properties

Lease - 2024-01-31 - 665 Chapman St, Edwardsville, IL 62025.pdf

This page is a searchable text preview. Use the Dropbox link for the full original file.

Open full file in Dropbox

What This File Appears To Be

Intersection Real Estate 9378 Olive Blvd. • Suite 201 • St. Louis, MO 63132 (314) 449-1991 1. Residency and Financials 1.1 PARTIES This residential lease (“Lease”) is made and entered into by and between Lofty Holding 665 Chapman Street LLC (“Landlord”), and (“Tenant”). NOTE: Each adult occupant at the Premises is deemed a Tenant hereunder and should be identified above. ADDITIONAL OCCUPANTS: 1.2 PREMISES Landlord hereby leases to Tenant, upon the terms and conditions herein set forth, certain p

Text Preview

Intersection Real Estate
9378 Olive Blvd. • Suite 201 • St. Louis, MO 63132
(314) 449-1991

1. Residency and Financials
1.1 PARTIES
This residential lease (“Lease”) is made and entered into by and between Lofty Holding 665 Chapman Street LLC (“Landlord”), and
(“Tenant”).
NOTE: Each adult occupant at the Premises is deemed a Tenant hereunder and should be identified above.
ADDITIONAL OCCUPANTS:

1.2 PREMISES
Landlord hereby leases to Tenant, upon the terms and conditions herein set forth, certain premises (“Premises”) located at:
665 Chapman St.
Edwardsville, IL 62025
Together
with
such
personal
property
and
furnishings
Washer / Dryer Combo, Electric Cooktop, Electric Oven, Refrigerator, and Dishwasher

as

are

set

forth

here:

1.3 TERM
This paragraph shall bind the parties to a fixed lease term commencing on 01/16/2023 , and terminating at 12:00 PM on 01/31/2024 ("Term").

1.4 RENT
Tenant agrees to pay an amount (“Monthly Rent”) of:
$1,750.00
per month, payable in advance on the 1st day of each month during the Term of this Lease.
The first full month’s Monthly Rent shall be paid on or before the start of this. If the lease begins on a day other than the 1stday of the Month,
the prorated balance of Monthly Rent, in the amount of $903.23 , shall be paid on or before the 1st day of the following month after the lease
commencement date.
Any parking charges, and any other fees or amounts to be paid by Tenant to Landlord pursuant to the terms of this Lease (other than
Monthly Rent) are collectively referred to as “Additional Charges.” Additional Charges shall be due and payable no earlier than thirty (30)
days after Notice thereof is delivered to Tenant (unless otherwise specified). Monthly Rent and Additional Charges are collectively referred
to as “Rent”. All Rent shall be paid on or before the date when due without set-off, counterclaim, deduction or a grace period whatsoever.

1.5 LATE FEES
All rents are due by the 1st of each month, however, tenants will be given 5 days grace period each month before late fees will be incurred.
If rent has not been collected by 11:59 PM of the last day of the grace period each month, Tenant agrees to pay LATE FEES of $50.00 Flat Fee
.

1.6 RETURNED CHECKS
There will be a $50.00 service charge on all returned payments. If any payment delivered to Landlord by Tenant is returned for insufficient
funds, then Landlord may refuse payment by that method thereafter and may require Tenant to make payment by cash via electronic pay
slip at any participating partner organization, by wire transfer, or certified funds.

1.7 SECURITY DEPOSIT
Upon execution of this Lease, Tenant shall deliver the sum of
$1,750.00
1

(the “Security Deposit”) to the Landlord to be held in a separate account as required by §535.300 RSMo for the Term as security for Tenant’s
performance of its obligations as herein specified. Landlord may withhold from the Security Deposit such amounts as are reasonably
necessary to remedy Tenant’s default in the payment of Rent; restore the Premises to its condition at the commencement of the Term,
ordinary wear and tear excepted; compensate Landlord for actual damages sustained as a result of Tenant’s failure to give adequate Notice
to terminate this Lease pursuant to law or the terms hereof; and as may otherwise be permitted by applicable law. In this regard, the parties
specifically agree that the actual cost incurred by Landlord for carpet may be withheld from the Security Deposit, unless Tenant produces
receipts that show the carpets have been cleaned by a professional carpet cleaner.
Within thirty (30) days after termination of the Lease, Landlord shall either return the full amount of the Security Deposit or furnish to
Tenant a receipt for the actual carpet cleaning costs (if applicable), along with a written itemized list of the damages for which the Security
Deposit or any portion thereof is withheld (along with the balance thereof, if any) as required by §535.300 RSMo. Refund may be made by
one check, ointly payable to all known persons and entities constituting the Tenant. Such refund check and any itemization of damages may
be mailed to one Tenant only.
The Security Deposit does not constitute liquidated damages and nothing herein shall limit Landlord’s right to recover actual damages in
excess thereof, or permit Tenant to apply any portion thereof in lieu of payment of any Rent due under this Lease. The Security Deposit (and
any prepaid Rent or other deposit hereunder) may be held in an interest bearing account. Any interest earned shall be paid to Landlord (or
its property manager if and as so designated from time to time). If Landlord conveys its interest under this Lease the Security Deposit may
be turned over to Landlord’s grantees or assigns. In such case Tenant hereby releases Landlord from any liability and shall look solely to
such grantee or assign with respect to the Security Deposit.
By initialing below, you acknowledge and agree to the terms in Section 1.

X

X

2. Policies and Procedures
2.1 USE RESTRICTIONS
Tenant agrees that the Premises shall be used and occupied as a residence only, in compliance with all zoning and any other applicable laws,
and shall not be used for any other purposes without Landlord’s prior written consent. Nothing in this paragraph shall prohibit Tenant from
hosting reasonable numbers of guests for limited periods of time. Tenant agrees that no more than the number of persons specified in the
occupancy inspection or as determined by law, shall occupy the Premises. All adult occupants shall agree in writing to be bound by the
terms of this Lease. Any proposed adult occupant of the Premises who has not signed this Lease shall be sub ect to Landlord’s application
procedures and reported to Landlord prior to such party taking occupancy. Landlord may re ect a proposed additional occupant for any
lawful reason.

2.2 JOINT LIABILITY
Each adult occupant at the Premises is deemed a Tenant hereunder and shall be ointly and severally liable for all obligations of and sums
due from the Tenant under this Lease. A violation by any person constituting the Tenant is deemed a violation by all. Each such Tenant shall
be fully responsible for the actions of all other Tenants and all guests, invitees, employees, agents, occupants or other persons located at the
Premises at any time. Landlord may, but shall not be obligated to, proceed directly against any one or more person constituting the Tenant
without waiving any right or remedy Landlord may have against any other Tenant. No discharge of any Tenant, in bankruptcy, insolvency
proceeding or otherwise, shall in any way or to any extent discharge or release any other Tenant from any liability or obligation hereunder.
Delivery of Notice to any adult occupant shall constitute Notice to all Tenants.

2.3 PREMISES CONDITION
Tenant has inspected the Premises prior to execution of this Lease and, unless and except as may be otherwise noted in a separate agreement,
shall accept and take possession on the commencement date in its “as-is” condition. Tenant will have the right to walk through property
upon taking possession with a representative of the Landlord to note any existing defects in the Premises.
Tenant agrees to keep the Premises in at least as good order, condition and repair as when received, free from any debris, trash or filth,
and to not do anything to create a danger of fire or cause an increase in rates or cancellation of insurance. Tenant shall notify Landlord
immediately of any repairs needed that, if left unattended, would result in damage to the Premises, such as water leakage, roof damage, wall
cracks and/or holes, termite or insect damage, etc. Landlord shall keep and maintain any fences at the Premises, the foundation, exterior
walls and roof of the building in which the Premises are located and the utilities and structural portions of the Premises in good repair and
habitable condition, except that any repairs required to be made by reason of the negligence, willful misconduct or neglect of Tenant, shall
be Tenant’s sole responsibility. Landlord may choose to make such repairs and Tenant shall reimburse Landlord for the cost thereof together
2