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Purchase Contract - 7411 Elton Ave, Cleveland, OH 44102.pdf

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dotloop signature verification: dtlp.us/h46O-o1aG-khhY AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE To: Lofty Holding 7411 Elton Avenue LLC From: Jad Boudiab PROPERTY ADDRESS: 7411 Elton Ave, Cleveland, OH 44102 Date: This is to give you notice that Jad Boudiab has a business relationship with Venture Land Title Agency, LLC. Jad Boudiab is an equity owner of Venture Land Title Investors IV, LLC. Venture Land Title Investors IV, LLC owns 49% of Venture Land Title Agency, LLC. Because of this relati

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dotloop signature verification: dtlp.us/h46O-o1aG-khhY

AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE
To: Lofty Holding 7411 Elton Avenue LLC
From: Jad Boudiab
PROPERTY ADDRESS:

7411 Elton Ave, Cleveland, OH 44102

Date:
This is to give you notice that Jad Boudiab has a business relationship with Venture Land Title
Agency, LLC. Jad Boudiab is an equity owner of Venture Land Title Investors IV, LLC. Venture Land
Title Investors IV, LLC owns 49% of Venture Land Title Agency, LLC. Because of this relationship,
this referral may provide Jad Boudiab a financial benefit.
In addition, Venture Title Holdings, LLC owns 51% of Venture Land Title Agency, LLC. The
owners of Chicago Title Agency of Northeast Ohio, Inc., Lawyers Title Agency of Chardon and Ohio
Real Title Agency, LLC have ownership in Venture Title Holdings, LLC. Chicago Title Agency of
Northeast Ohio, Inc., Lawyers Title Agency of Chardon and Ohio Real Title Agency, LLC will provide
settlement services in conjunction with the services performed by Venture Land Title Agency, LLC.
Because of the relationship between Chicago Title Agency of Northeast Ohio, Inc., Lawyers Title Agency
of Chardon and Ohio Real Title Agency, LLC and Venture Land Title Agency, LLC, this referral may
provide Chicago Title Agency of Northeast Ohio, Inc., Lawyers Title Agency of Chardon, or Ohio Real
Title Agency, LLC a financial or other benefit as well.
Set forth below is the estimated charge or range of charges for the settlement services listed. You
are NOT required to use Venture Land Title Agency, LLC as a condition of purchase, sale or refinance of
the subject property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS
AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE
THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE
SERVICES.
Venture Land Title Agency, LLC’s range of charges:
Title insurance premium
Title examination fee
Title Commitment fee

As filed with the State of Ohio
$295.00 to $395.00
$100.00

I/We have read this disclosure form and understand that Jad Boudiab is referring me/us to
purchase the above described settlement services from Venture Land Title Agency, LLC.
In the event the Lender involved in this transaction does not act as settlement or closing agent,
then the closing will be handled by Ohio Real Title Agency, LLC, Lawyers Title Agency of Chardon or
Chicago Title Agency of Northeast Ohio, Inc.

Jamal Julia Boudiab

dotloop verified
02/15/22 4:06 PM EST
CSRV-A8WX-HETA-LXYH

Jerry Chu - Manager at Lofty Holding

dotloop verified
02/15/22 5:32 PM CST
VRTM-SHO4-VD8S-TOOC

Buyer/Borrower

Date

Seller

Date

Buyer/Borrower

Date

Seller

Date

dotloop signature verification: dtlp.us/HogG-RGKy-j752

OFFER TO PURCHASE REAL ESTATE AND ACCEPTANCE
BUYER: The undersigned Lofty Holding 7411 Elton Avenue LLC
___________________________________________________________offers to buy the
Elton Avenue
following described property located at: 7411
____________________________________________________________________,
Cleveland
______________________________________, Ohio, (the “Property”). Permanent Parcel No._________________________

The Property, which BUYER accepts in its “AS IS” PRESENT PHYSICAL CONDITION, shall include the land, all appurtenant
rights, privileges and easements, and all buildings and fixtures, including such of the following as are now on the Property: all
electrical, heating, plumbing and bathroom fixtures;; all window and door shades, blinds, awnings, screens, storm windows,
curtain and drapery fixtures;; all landscaping, disposal, smoke detectors, garage door opener(s) and _____ controls;; all
permanently attached carpeting. The following items shall also remain: □ satellite dish;; □ range and oven;; □ microwave;; □
kitchen refrigerator;; □ dishwasher;; □ washer;; □ dryer;; □ radiator covers;; □ window air conditioner;; □ central air
conditioning;; □ gas grill;; □ fireplace tools;; □ screen;; □ glass doors □ fireplace grates □ all existing window treatments;; □
ceiling fan(s);; □ wood burner stove inserts;; □ gas logs;; and □ water softener.
Also included: _______________________________________________________________________________________
NOT included: ________________________________________________________________________________________
_____________________________________________________________________________________________________

SECONDARY OFFER: This □ is □ is not a secondary offer. This secondary offer, if applicable, will become a primary contract
upon BUYER’S receipt of a signed copy of the release of the primary contract on or before _______/_______/_______.
BUYER shall have the right to terminate this secondary contract at any time prior to BUYER’S receipt of said copy of the
release of the primary contract by delivering written notice to the SELLER or to SELLER’S agent. BUYER shall deposit earnest
money within four (4) days of becoming the primary contract.
PRICE: BUYER shall pay the sum of
payable as follows:

108,500
$______________________________

Earnest Money paid to Escrow Agent, as defined below, or Broker
(the “Depository”) will be deposited in a non--interest bearing
2500
trust account and credited against purchase price:
$______________________________
□ Check to be made payable to Escrow Agent or Broker
and deposited within four (4) Days from the date of Agreement, as defined below;; or
□ Note to be redeemed and deposited within four (4) Days from the date of Agreement.
NOTE: Ohio law requires deposits to an Escrow Agent in excess of $10,000 to be conveyed by wire transfer.
Cash down payment to be deposited in escrow via wire transfer:

$______________________________

Mortgage loan to be obtained by BUYER:
$______________________________
□ CONVENTIONAL □ FHA □ VA, □ CASH □ OTHER _______________________________________________________
FINANCING: This offer is conditioned upon BUYER making written application for the above mortgage loan within
____________ days after Acceptance, as hereinafter defined, and obtaining a written commitment for that loan on or about
_______/_______/_______. If, despite BUYER’S good faith efforts, that commitment is not timely obtained, then this
AGREEMENT shall be null and void. Upon signing of a mutual release by SELLER and BUYER, the earnest money deposit
shall be returned to the BUYER upon confirmation that the deposit has cleared and without any further liability of either party to
the other or to Broker and their agents. NOTE: In the event of a dispute between the parties regarding the earnest money, the
Escrow Agent or Broker (the “Depository”) is required by Ohio law to maintain such funds in its trust account until its receipt of
(a) written mutual authorization of both parties specifying disbursement; or (b) a final court order that specifies to whom the
earnest money is to be awarded. If within two years from the date the earnest money was deposited with the Depository, the
parties have not provided the Depository with such signed instructions or written notice that such legal action to resolve the
dispute has been filed; the Depository shall return the earnest money to BUYER with no further notice to Seller.
CLOSING: All funds and documents necessary for the completion of this transaction shall be placed in escrow with the lending
institution or escrow agent on or before 03/16/2022
_______/_______/_______ and title shall be transferred on or about
_______/_______/_______
03/17/2022
POSSESSION: SELLER shall deliver possession and occupancy to BUYER on or before 6:00 p.m., 0________ day(s) after
recording of the Deed or 03/17/2022
__________/__________/____________, whichever is later. SELLER agrees to maintain utilities up
to the date of title transfer, and BUYER agrees to transfer utilities as of the date of title transfer.

JC_______/_______

_______/_______

BUYERS INITIALS/DATE

SELLERS INITIALS/DATE

02/15/22
5:32 PM CST
dotloop verified