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Lease - 2024 - 7542 & 7656 S Colfax Ave, Chicago, IL 60649 - 7542 and 7656 S Colfax Ave, Chicago, IL 60649.pdf

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DocuSign Envelope ID: 94AE6CE9-5A12-4B7B-8659-88E64596B5A1 This is a legally binding Contract; if not understood seek advice from an attorney. SINGLE FAMILY RESIDENCE OR CONDOMINIUM LEASE 1. PARTIES: The parties to this Lease are the owner of the Property, Landlord: Lofty Holding 7542 & 7656 S. Colfax Ave, LLC; and Tenant(s): 2. PROPERTY: Landlord leases to Tenant the following real property: Address: 7656 S Colfax Ave Unit 2 Chicago (Cook County) IL 60649-6557 United States The following additi

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DocuSign Envelope ID: 94AE6CE9-5A12-4B7B-8659-88E64596B5A1

This is a legally binding Contract; if not understood seek advice from an attorney.
SINGLE FAMILY RESIDENCE OR CONDOMINIUM LEASE
1.

PARTIES: The parties to this Lease are the owner of the Property, Landlord: Lofty Holding 7542 & 7656
S. Colfax Ave, LLC; and Tenant(s):

2.

PROPERTY: Landlord leases to Tenant the following real property:
Address: 7656 S Colfax Ave Unit 2 Chicago (Cook County) IL 60649-6557 United States
The following additional items of non-real-property items are included: N/A The real property and
the non-real-property are collectively called the “Property.”

3.

TERM:
A.

Primary Term:

The primary term of this Lease begins and ends as follows:

Commencement Date: January 1, 2024 Expiration Date: December 31, 2024
B.

4.

Delay of Occupancy: Tenant must occupy the Property within five days after the Commencement
Date. If Tenant is unable to occupy the Property by the fifth day after the Commencement Date
because of construction on the Property or a prior tenant’s holding over of the Property, Tenant
may terminate this Lease by giving written notice to Landlord before the Property becomes
available to be occupied by Tenant as Tenant’s sole remedy, and Landlord will refund to Tenant
the security deposit and all rent paid. If Tenant does not terminate this Lease, then Landlord will
abate rent on a daily basis for a delay caused by construction or a prior tenant’s holding over.
This paragraph does not apply to any delay in occupancy caused by cleaning, repairs, makeready items, or any matters other than construction or holdover by a prior tenant.

AUTOMATIC RENEWAL AND NOTICE OF TERMINATION:
A. If the Tenant wishes to terminate this Lease at the end of the Term, Tenant must give the Landlord written
notice ninety (90) days before the Expiration Date. This notice must be in writing and must be sent by
certified mail or personally delivered to Landlord at the address specified in Paragraph 32. AN ORAL
NOTICE IS NOT SUFFICIENT.
B. If Tenant does not provide written notice as detailed in Paragraph 4(A), This Lease automatically is
automatically renewed on a month-to-month basis.
C. If this Lease automatically renews on a month-to-month basis, it will continue to renew on a month-tomonth basis until either party provides written notice of termination to the other party and the notice of
termination will be effective on the date designated in the notice but not sooner than sixty (60) days after
the notice is given and, if necessary, rent will be prorated on a daily basis.

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