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

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Meyer Property Group 40A Edwardsville Professional Park • Edwardsville, IL 62025 (618) 656-1824 1. Lessor, Lessee, Term 1.1 LESSOR & LESSEE This is intended to be a legal and binding real estate contract. Lofty Holding 665 Chapman Street LLC ,hereinafter jointly and severally referred to as "LESSOR". hereinafter jointly and severally referred to as "LESSEE". 1.2 LEASE OF PREMISES/TERM In consideration of the rental below specified, and of the covenants hereinafter stipulated, the LESSOR hereby l

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Meyer Property Group
40A Edwardsville Professional Park • Edwardsville, IL 62025
(618) 656-1824

1. Lessor, Lessee, Term
1.1 LESSOR & LESSEE

This is intended to be a legal and binding real estate contract.
Lofty Holding 665 Chapman Street LLC ,hereinafter jointly and severally referred to as "LESSOR".

hereinafter jointly and severally referred to as "LESSEE".

1.2 LEASE OF PREMISES/TERM
In consideration of the rental below specified, and of the covenants hereinafter stipulated, the LESSOR hereby leases to LESSEE, and LESSEE
hereby leases from LESSOR, upon and subject to the terms and provisions hereof,

665 Chapman Street
Edwardsville, IL 62002
(hereinafter, the “premises”), to have and to hold the premises unto LESSEE for the

TERM COMMENCING: 08/01/2024 and,

TERM ENDING: 07/31/2025 .

It is expressly understood and agreed, however, that LESSOR shall not be liable to LESSEE for any failure or delay in delivery of
possession of the premises to LESSEE for any reason. LESSEE shall promptly vacate the premises at the expiration of the above stated
term hereof, and no holding over by LESSEE after such expiration shall constitute an extension of this lease; nevertheless, LESSEE shall, for
and during the period of any such holding over, strictly observe and perform all of the terms hereof and shall pay to LESSOR, in advance,
monthly rents equal to double the amount of the monthly rental installments provided in Paragraph 2 hereof. LESSEE further acknowledges
that, regardless of the expiration of the term hereof and without extension of this lease, LESSEE shall remain liable to LESSOR for the
payment of the rents provided in Paragraph 2 hereof from the commencement date until the premises shall be surrendered to LESSOR
in the same condition as upon the commencement of this lease, and that LESSEE shall be responsible for all of the costs of restoration of
the premises to such condition; LESSEE therefore expressly agrees that LESSOR or LESSOR’S AGENT, MEYER PROPERTY GROUP, may
conduct inspections of the premises at all reasonable times during the term (upon 24 hours’ advance verbal notice) in order to determine the
necessity of cleaning, repairs and other restorative efforts by LESSEE prior to the close of the term.

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