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DocuSign Envelope ID: 47D7D6D7-B90D-430F-935F-49FCBBA4A677 Chicago Residential Lease For Apartments, Condominiums, Single Family Homes, and Townhomes © 2021 by Chicago Association of REALTORS® - All rights reserved This Contract is Intended to be a Binding Real Estate Contract Date of Lease Lease Beginning Date / 16 / 2021 06 Leased Address (Premises): Term of Lease Lease Ending Date & Time 07/01/2021 06/30/2022 V8.0 2021 Monthly Rent $1200.00 7542 S. Colfax Ave. Unit 3, Chicago IL 60649 In cons

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DocuSign Envelope ID: 47D7D6D7-B90D-430F-935F-49FCBBA4A677

Chicago Residential Lease

For Apartments, Condominiums, Single Family Homes, and Townhomes
© 2021 by Chicago Association of REALTORS® - All rights reserved
This Contract is Intended to be a Binding Real Estate Contract
Date of Lease
Lease Beginning Date

/ 16 / 2021

06

Leased Address (Premises):

Term of Lease
Lease Ending Date & Time

07/01/2021

06/30/2022

V8.0 2021
Monthly Rent

$1200.00

7542 S. Colfax Ave. Unit 3, Chicago IL 60649

In consideration of the mutual covenants and agreements herein stated, Landlord(s) hereby leases to Tenant(s) and Tenant(s) hereby leases from
Landlord(s) for use as a private dwelling only, the Premises, together with the fixtures and appliances listed below (if any) in the Premises, for the above
Term of Lease, subject to all the provisions of this Lease.
[Yes]

[No]

X
If YES,
must complete

The following are incorporated into this Lease when indicated
A Security Deposit is being held by Landlord (if any)
$
Illinois Financial Institution (Name and Address)
where Security Deposit shall be or is held (if any)
Non-Refundable Move-In Fee (if any)
Pets Permitted (description of any pet permitted during lease):
Parking included in lease (space number(s) if any):
Additional Storage Location (if any):
Furnished? If yes, attach Rider 23 - Furnished Lease Rider

X
X
X
X
X

Rent shall include the following (check those that apply):
Personal property owned and provided by Landlord (check those that apply):

$

X☐ Water ☐ Electricity ☐ Gas ☐ Basic Cable ☐ Satellite ☐ Internet
X Snow Removal ☐
X
X
☐ Lawn Care ☐
Other____________________
Garbage
☐
☐ Oven/Range ☐ Dishwasher
X Refrigerator ☐ Microwave X
☐ Washer ☐ Dryer ☐ Other__________________________

Landlord’s Property Insurer (Required for properties with 4 units or more)
(Name, Address, and Phone of Homeowner Insurance Company):
Tenant’s Property Insurer, if required by Landlord:
(Name, Address, and Phone of Renter Insurance Company):

Identification of Tenant(s):

Landlord(s) or Authorized Management Agent:

Name(s)

Name(s):

GC Realty & Development, LLC
219 E. Irving Park Road

Address:
Telephone:
Email:
Check if applicable

Roselle, IL 60172

Telephone:

630-587-7400

Email:

office@gcrealtyinc.com

Check if applicable

☐ ______________________________ (Tenant Name) is a Licensed
Broker in the State of Illinois leasing the Premises.

Debra Brown
☐
(Landlord Name) is a Licensed
X ______________________________
Broker in the State of Illinois and has direct or indirect interest in the Premises.

Name(s) of persons authorized to occupy Premises:

Person authorized to Act on Behalf Of Owner for the Purpose of Service of
Process and Accepting Notices:
Name:

Debra Brown

Address:

219 E. Irving Park Rd. Roselle IL 60172

Telephone:

630-587-7400

Additional Agreements and Covenants:
***ASSURANT BOND HELD

IMPORTANT: This is a Chicago Association of REALTORS® form lease and is not specifically tailored to the legal requirements of your particular situation. The applicable
laws and regulations for residential leases frequently change and differ between municipalities. It is important that you consult with an attorney prior to using this lease.
Page 1 / 20

Tenant Acknowledgemen

________ ________

DocuSign Envelope ID: 47D7D6D7-B90D-430F-935F-49FCBBA4A677

Lead-Based Paint and Radon Disclosures (Separate Documents)

access during the Lease Term, and is satisfied with their general condition and
appearance. Tenant acknowledges that there have been no representations, promises
or other undertakings by Landlord, or any agent of Landlord, made to induce Tenant to
enter into this Lease, except those expressly made in writing, relative to the repairs,
decorating, additions to, or removal of any portion of the Premises or of the property.
Tenant further acknowledges that attached hereto are copies, if any, of notices received
from the City of Chicago during the twelve months prior to the date hereof concerning
code violations, and copies of notices from any utility provider regarding termination of
utility services.

Lead-Based Paint Hazard Disclosure: X
☐ Attached Separately ☐ Not Applicable
Protect Your Family From Lead in Your Home Pamphlet:  Included in this Lease
Disclosure of Radon Hazards: ☐ Attached Separately X
☐ Not Applicable
Radon Testing Guidelines Pamphlet:  Included in this Lease

Tenant Acknowledgment

The tenant acknowledges they have received and executed separately the above
applicable document(s).
Tenant Acknowledgme

____ _________

Heating Cost Disclosure

The cost of heating is the responsibility of the X
___Tenant ___ Landlord. The average
monthly cost of utility service projected by the utility providing the primary source of heat
(heating supply) based on energy consumption during the most recent annual period of
continuous occupancy by one or more prior occupants, current or expected rates and
normalized weather by the method approved by the Illinois Commerce Commission is
$__________________.
Tenant Acknowledgme

____ _________

Notice of Conditions Affecting Habitability
☐ None Known
X
☐ See Attached

Tenant hereby acknowledges that Landlord has disclosed any code violations, code
enforcements litigation and/or compliance board proceedings during the previous 12
months for the Premises and common areas and any notice of intent to terminate utility
service, copies of which, if any, are attached to this Lease.
Tenant Acknowledgment _________ _________ _________

Tenant hereby acknowledges receipt of the following:

X City of Chicago Building Code Violations (if any)
X Preventing Bedbug Infestations in Apartments Pamphlet
X City of Chicago Residential Landlord and Tenant Ordinance Summary
X Residential Landlord and Tenant Ordinance Rate of Interest on Security Deposits
____ Heating Cost Disclosure (if applicable)
Security Deposit Receipt (if applicable)
Condominium Association Rules & Regulations (if applicable)
Landlord’s Recycling Procedures (Required for buildings with 5 or more units)
Tenant Acknowledgme

____ _________

Confirmation of Dual Agency (if applicable)

Only complete if Licensee is acting as a Dual Agent. Landlord and Tenant confirm that
they
have
previously
consented
and
agreed
to
have
_____________________________________ ("Licensee") act as Dual Agent in
providing brokerage services on behalf of both Landlord and Tenant and specifically
consent to Licensee acting as Dual Agent on the transaction covered by this Lease.
Initial Only if Applicable
Landlord Acknowledgment _________ _________ _________
Tenant Acknowledgment _________ _________ _________

LEASE COVENANTS AND AGREEMENTS

1. Application. Tenant covenants that all representations made in the Application for
this Lease are incorporated into this Lease and made a part of it. Tenant covenants that
all information contained in the Application is true and that this information was given as
an inducement for Landlord to enter into this Lease, and therefore constitutes a material
covenant.
Tenant Acknowledgment

__ _________

2. Tenant Inspection Prior to Occupancy: Building Code Violations. Tenant has
inspected the Premises and all common areas of the property to which Tenant has lawful

______ _________

3. Tenant Responsibility Regarding Bed Bug Infestation. Tenant shall be responsible
for all requirements and obligations set forth in the Municipal Code of Chicago deemed
“Tenant responsibility” and shall be liable for any and all damages which may occur as a
result of Tenant’s failure to strictly abide by any requirement as set forth in the Municipal
Code of Chicago concerning any duty, condition, or responsibility required of Tenant with
regard to reporting, treatment, or cooperation with Landlord in regards to bed bug
infestation.
Tenant Acknowledgme

___ _________

4. The Rent. Tenant shall pay the Monthly Rent to Landlord or Landlord's agent on the
first day of each month as set forth herein.
5. Late Fee. The Monthly Rent shall be automatically increased $10, plus 5% of the
amount by which the Monthly Rent exceeds $500, as additional rent, if received by
Landlord after the 5th of the month for which it is due.
6. Returned Bank Items. If any check or other bank instrument tendered for payment
of any tenant obligation hereunder is returned for insufficient funds, Tenant shall pay
50.00fee as additional rent. Landlord shall further have the right to demand
Landlord a $_____
that any such returned item be replaced by a cashier's check or money order. If Tenant
tenders more than two checks or bank drafts during the term of this Lease which are
returned for insufficient funds, Landlord shall have the right to demand that all future
obligations hereunder be paid by cashier's check or money order.
7. Possession. Landlord shall deliver possession of the Premises to Tenant on the
Beginning Date of the Lease. If Landlord is unable to deliver possession to Tenant on
such date, this Lease shall remain in full force and effect except that the Monthly Rent
shall be abated pro rata until possession is delivered, unless Tenant elects to maintain
an action for possession of the Premises or, upon written notice to Landlord, elects to
terminate this Lease.
8. Security Deposit. (If applicable). If Landlord has accepted the Security Deposit to
insure Tenant's specific performance of each and every agreement, covenant, rule and
obligation contained in this Lease, Landlord shall have the right, but not the obligation, to
use the Security Deposit in whole or part, as a setoff against any default, either in
payment of rent or other breach, which results in any loss to Landlord. If Tenant has
complied with all obligations under this Lease, Landlord shall, within 45 days after Tenant
vacates the Premises, refund the Security Deposit. The Security Deposit shall be held
in a Federally Insured interest bearing account in a bank, savings and loan association,
or other financial institution located in the State of Illinois. Interest on the Security Deposit
shall be paid at the rate set by the City Comptroller for security deposits held more than
six months and may be paid to Tenant either directly or by credit in the form of a rent
reduction. The Security Deposit shall not be allocated by Tenant toward payment of rent.
9. Use of Premises. The Premises shall be occupied exclusively for residential
purposes by Tenant and the other persons specifically listed in the Application and any
children which may be born to or in the legal custody of Tenant during the Lease term.
Unless agreed to in writing by Landlord, no person may occupy the Premises for more
than a single two week period, during any single year of the Lease term unless listed in
the Application. Neither Tenant nor any person in legal occupancy of the Premises shall
perform or permit any practice which could cause damage to the reputation of the building
or Landlord, be injurious thereto, illegal, immoral, or increase the rate of insurance on the
property. At no time during the Term of this Lease shall more persons reside in the
Premises than would be permitted by the applicable building and/or zoning codes for the
City of Chicago.
Use of Premises as a Shared Housing Unit (as that term is defined in Section 4-14-010
of the Municipal Code of Chicago) (check one)

☐ Shared Housing Units, AirBNB and/or rooms for rent ARE ALLOWED under this
Lease. If checked, Shared Housing Acknowledgement must be attached and
signed.
☐
X Shared Housing Units, AirBNB and/or rooms for rent ARE NOT ALLOWED under
this Lease. At no time shall Tenant enter into short-term subleases, rooms for rent, or

Page 2 / 20

Tenant Acknowledgemen

__ ________