← 9919 S Oglesby Ave, Chicago, IL 60617 · All properties

Demand Letter to Yhome Nursing LLC - 9919 S Oglesby Ave Chicago IL, 60617 (signed) - 9919 S Oglesby Ave, Chicago, IL 60617.pdf

This page is a searchable text preview. Use the Dropbox link for the full original file.

Open full file in Dropbox

What This File Appears To Be

ECO Systems LLC 500 Westover Dr. #33191 Sanford, NC 27330 ecosystemspm@gmail.com (518) 291-8191 CEASE AND DESIST DEMAND Date: July 5, 2025 To: Yhome Nursing LLC ℅ Calixte Duffaut 52 Point Pleasant Drive Palm Coast, FL 32164 RE: IMMEDIATE RETURN OF WITHHELD TENANT RENTS AND SECURITY DEPOSITS — PROPERTY LOCATED AT 9919 S Oglesby Avenue, Chicago, IL 60617 Mr. Duffaut: This letter serves as formal demand that you immediately cease withholding and deliver all funds owed to the ownership group (the “D

Text Preview

ECO Systems LLC
500 Westover Dr. #33191
Sanford, NC 27330
ecosystemspm@gmail.com
(518) 291-8191

CEASE AND DESIST DEMAND
Date: July 5, 2025
To:
Yhome Nursing LLC ℅ Calixte Duffaut
52 Point Pleasant Drive
Palm Coast, FL 32164

RE: IMMEDIATE RETURN OF WITHHELD TENANT RENTS AND SECURITY DEPOSITS —
PROPERTY LOCATED AT 9919 S Oglesby Avenue, Chicago, IL 60617
Mr. Duffaut:
This letter serves as formal demand that you immediately cease withholding and
deliver all funds owed to the ownership group (the “DAO”) relating to the abovereferenced property.
Specifically, as of the date of this notice, you and Yhome Nursing LLC are in possession of
funds belonging to the DAO and the tenant, as follows:
•
•
•

Net Rents Collected Less PM Fees and Vendor Expenses:
$16,725.90
Tenant Security Deposits:
$1,800.00
Total Funds Owed:
$18,525.90

These funds were collected throughout the past lease term and have been repeatedly
promised for forwarding, including on multiple occasions and on recorded phone
conversations directly with the tenant, yet remain unlawfully withheld.
Your continued retention of these funds constitutes, at minimum, conversion and breach
of fiduciary duty. The entire year of tenant rent payments should have been remitted or
retained in escrow for the benefit of the ownership, not applied to any other purpose or
withheld without authorization.

The property now faces an urgent repair requirement for removal of a fallen tree, with an
approved estimate in the amount of $2,760, which cannot proceed because of your failure
to remit the funds that rightfully belong to the ownership. The consequence of this delay is
a hazardous condition that places the property, the tenants, and the DAO at unnecessary
risk.
DEMAND FOR IMMEDIATE ACTION
You are hereby instructed to:
1. Immediately release and remit the full amount of $18,525.90 to the DAO or its
designated agent (Lofty or ECO Systems LLC) no later than seven (7) calendar
days from the date of this notice.
2. Provide written confirmation of the payment and accounting of any amounts
withheld or disbursed, including dates and payees.
Failure to comply will compel the DAO and ECO Systems LLC to pursue all available legal
remedies without further notice, including but not limited to:
•
•
•

A formal complaint to the Illinois Department of Financial and Professional
Regulation (IDFPR)
Civil litigation for conversion, breach of fiduciary duty, and accounting
A claim for treble damages and attorneys’ fees where permitted by law

Please be aware that no portion of the demanded funds will be waived or excused absent
written agreement by the DAO members, and any further delay or attempt to redirect the
funds will be used as evidence of willful misconduct.
Should you wish to avoid escalation, you must comply with this demand by July 11,
2025. No further delay will be tolerated.
Respectfully,

Earl V. Co
Manager, ECO Systems LLC
Member and Property Manager, Lofty Holding 9919 S Oglesby Avenue LLC ℅ Lofty Holding
9919 S Oglesby Avenue DAO LLC

CC:
Jerry Chu, CEO, Lofty AI Inc.
Max Ball, COO, Lofty AI Inc.
Lofty AI Inc. Legal Counsel
Lofty Holding 9919 S Oglesby Avenue LLC – Members and Legal Counsel