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Lease - 2025 - 7542 & 7656 S Colfax Ave, Chicago, IL 60649 - 7542 and 7656 S Colfax Ave, Chicago, IL 60649.pdf

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Illinois Lease Agreement This Lease Agreement ("Lease") is entered into on February 17, 2025, by and between Lofty Holding 7542 and 7656 S Colfax Ave DAO LLC ("Landlord"), and ("Tenant"). Leased Property. The Landlord hereby leases to the Tenant the apartment located at 7542 s Colfax Ave, Chicago, Illinois 60649 ("Leased Property"). Term. This Lease shall be for a fixed term, starting on February 17, 2025 ("Start Date") and ending on February 16, 2026 ("Termination Date"). The Tenant will be ent

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Illinois Lease Agreement

This Lease Agreement ("Lease") is entered into on February 17, 2025, by and between Lofty Holding 7542 and 7656 S
Colfax Ave DAO LLC ("Landlord"), and
("Tenant").
Leased Property. The Landlord hereby leases to the Tenant the apartment located at 7542 s Colfax Ave, Chicago, Illinois
60649 ("Leased Property").
Term. This Lease shall be for a fixed term, starting on February 17, 2025 ("Start Date") and ending on February 16, 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 $
1,290.00 due on the first day of each month ("Rent"). The first month's Rent, ranging from February 17, 2025 to February
28, 2025, will be pro-rated at a rate of $552.00.
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 $100.00 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.
Security Deposit. At the time of signing this Lease, the Tenant will pay to the Landlord a security deposit in the amount
of $2,580.00 ("Security Deposit"), receipt of which is hereby acknowledged by the Landlord, as security for any damage
caused to the Leased Property during the term hereof. Such deposit will be returned to the Tenant, with interest, and less
any set off for damages to the Leased Property upon the termination of this Lease. The Landlord will hold the Security
Deposit in an account in the following Illinois banking institution:
Bank Name: __________

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Bank Address: __________, __________, __________ __________
The Landlord will not commingle the Security Deposit funds with those funds in the Landlord's primary bank account.
Rather, the Landlord will maintain the Security Deposit funds in a separate interest bearing account for the benefit of the
Tenant. The Landlord will pay interest each year (set by the Chicago City Controller) on Security Deposits and pre-paid
rent held more than six (6) months.
In accordance with the Illinois Security Deposit Return Act, the Security Deposit will be returned to the Tenant, with
required interest, within forty-five (45) days after the end of the Lease, excluding any portion retained due to payment for
damages or moneys owed by the Tenant. The Landlord must provide the Tenant with an itemization of the actual or
estimated cost of repairs within thirty (30) days of vacating the Leased Property.
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
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.

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