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Property Management Agreement - 9919 S Oglesby Ave Chicago IL, 60617.pdf

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Description

PROPERTY MANAGEMENT AGREEMENT Background A. The subject property of this agreement is located at 9919 S Oglesby Ave Chicago, IL 60617 referred to hereunder as the ‘The Premises’. B. The Premises is currently held in a Delaware Limited Liability Company known as Lofty Holding 9919 S Oglesby Avenue LLC, referred to hereunder as ‘The DAO’. C. The DAO’s nominee is Lofty AI Inc. as Authorized Officer of Lofty Holding 9919 S Oglesby Avenue LLC, referred to hereunder as ‘The DAO Officer’. D. The appoin

Extracted Content

PROPERTY MANAGEMENT AGREEMENT Background A. The subject property of this agreement is located at 9919 S Oglesby Ave Chicago, IL 60617 referred to hereunder as the ‘The Premises’. B. The Premises is currently held in a Delaware Limited Liability Company known as Lofty Holding 9919 S Oglesby Avenue LLC, referred to hereunder as ‘The DAO’. C. The DAO’s nominee is Lofty AI Inc. as Authorized Officer of Lofty Holding 9919 S Oglesby Avenue LLC, referred to hereunder as ‘The DAO Officer’. D. The appointed member of The DAO to serve as managing member according to the terms set out below is ECO Systems LLC and/or its vendors and assignees, referred to as ‘The Manager’. E. Collectively, the DAO Officer and the Manager will be referred to as ‘The Parties’. F. The Manager shall establish or have established trust accounts for the purpose of holding, collecting and disbursement of the DAO’s funds and Operating Reserves, hereinafter referred to as ‘The Account’. G. This is an agreement (‘The Agreement’) to agree to terms with The Manager to manage The Premises as agreed herein. H. The Date of the Agreement is established upon its execution date. IN CONSIDERATION OF the DAO Officer appointing th