LEASE
AGREEMENT
Thorstenson
Management LLC
THIS LEASE, made this day of March, 2016 by and between: Thorstenson
Management LLC (LANDLORD) and TENANT(S) listed:
WITNESSETH THAT LANDLORD hereby leases to TENANT the premises known and
described as:
Property Address: 404 W.
Washington, Unit A, Champaign, IL 61820.
For a term of 12 months. Beginning on the of , 2016.
Ending on the day of ,
2017 (hold over past lease end are
charged $95/day plus costs incurred)
DAMAGE DEPOSIT: ( $ )
MONTHLY PAYMENT: ( $ )
GRAND TOTAL: ( $ )
Groups must combine payment on a single deposit slip. (Damage deposit
due upon signing lease)
In consideration thereof, it is agreed as follows:
PARTIES
1. Where the
singular word "TENANT" is used herein, it shall be construed as
meaning each and every person signing this lease as a tenant, jointly and
severally. In the event that said
premises are leased to more than one (1) person for joint occupancy thereof,
the obligations here under shall be joint and several as to each such
person. The actions and/or
omissions of any one such person shall be construed against each and every
person signing this lease. The LANDLORD may, at his sole option and discretion,
exercise all of his rights and remedies hereunder against each and every person
signing this lease. Wherever the
word "TENANT" appears, it shall refer to and identify the lessee(s)
of the leased premises; wherever the word "LANDLORD" appears, it
shall refer to and identify the lessor of the leased premises. These words are used for the benefit and
understanding of the TENANT and in no way are meant to restrict or deny the
legal rights and obligations of either party.
USE
2. Said leased premises shall be used as
a residence and shall not be occupied by more than__2_person(s); the TENANTS
shall be charged with a penalty of $25 each additional person per
day for the period of
unauthorized occupancy. There is no smoking allowed in the unit.
_X_ Unfurnished
with the exception that stove, dishwasher, washer, dryer and refrigerator are
furnished.
INSPECTION
3. TENANT
will conduct an inspection of the premises prior to signing lease and thereby accepts
condition as is unless improvements/additions are expressly noted, including
furnishings. Also, TENANT will
within (5) days of the date of possession and tender, in writing, a statement
regarding the condition of said leased premises. TENANT shall receive 1
key/person (limited 2) at the time of possession of the
premises.
RENTAL PAYMENT AND BILLING CHARGE
4.
TENANT agrees to pay the above-stated monthly rent on or before the first day of each month for the
duration of the lease. The time of
each and every payment of rent is of the essence of this lease. To cover LANDLORD'S added costs for
billing late rent payments and additional finance charges incurred due to
delayed payments. TENANTS shall pay
$2.00 per day after the FIRST day of each month. On the FIFTH day a late fee of $25 will
be assessed and the daily fee will increase to $4.00 per day that the rent is
not paid in good funds. Rent mailed in shall be deemed paid on the date of
receipt by LANDLORD. In the event
said rent is not paid in good funds, TENANT shall pay landlord a Twenty Five
($25.00) dollar service charge in addition to any late rent service charge that
may accrue before said rent is paid in good funds. LANDLORD shall have the right to demand
all rent payments be made in cash or with a cashier’s check.
All payments provided for herein shall be made to and delivered or
mailed to: Todd Thorstenson, 41 E.
University Avenue, 3rd Floor, Champaign,
IL 61820. Moneys received will be
applied first to late charges, then to NSF charges, then to past due utility
charges, then to late rent, then to current rent. TENANT is responsible for
properly identifying source of payment.
UTILITIES
5.
TENANT acknowledges that all utilities shall be paid by Lessee, except sanitary
hauling which shall be paid by Landlord.
DAMAGE DEPOSIT
6. TENANT
agrees to post with the LANDLORD a damage deposit of $
. TENANT agrees that the
deposit will be applied against any damages to said leased premises and for any
damage to or loss of the appliances, furnishings, and fixtures of LANDLORD
caused by TENANT or his guest(s), excepting normal wear and tear, destruction
by fire not caused by TENANTS negligence, or acts of GOD; further, upon written
notice to TENANT, by LANDLORD may terminate this lease due to TENANTS damages
to said premises. TENANT further
agrees that the deposit will also be applied against any costs for cleaning, and repairing items
incurred by LANDLORD due to TENANTS possession and occupancy of said leased
premises; said costs of cleaning, repairs of maintenance include, but not
limited to, vacuuming carpeting, shampooing carpeting, cleaning of bathrooms
and bedrooms, cleaning of stove, closets and cabinets, defrosting and cleaning
of refrigerator, and also exterminating expense-caused by uncleanness. TENANT
agrees that LANDLORD may deduct from TENANT'S damage deposit Fifteen Dollars
($15.00) for each building key, Thirty Five Dollars ($35.00) for door key, and
Forty Five Dollars ($45.00) for Mailbox key not returned by TENANT to LANDLORD at
the termination of this lease.
TENANT further agrees that any unpaid utility bills, NSF charges and/or
unpaid late charges will be deducted from Tenant's damage deposit. The damage
deposit shall not stand for payment of rent due hereunder except at Landlord's
option. Tenant agrees to immediately reimburse LANDLORD for the cost
thereof. Failure or refusal to do
so by TENANT will constitute a breach of this lease. TENANTS
liability is not limited to the amount of the damage deposit. Any balance of
TENANT's damage deposit remaining due to TENANT shall be returned by LANDLORD
to only one address by way of TENANT PROVIDED SELF ADDRESSED STAMPED ENVELOPE according to Illinois
Revised Statutes. Failure to
provide such forwarding address will cause damage deposit to be held at the
management office until directed by TENANT.
MAINTENANCE
7. TENANT
agrees to notify LANDLORD for the purpose of reporting repair or maintenance
problems "IN WRITING".
LANDLORD agrees to take care of repair or maintenance requests within a
reasonable time, taking into equitable consideration the objectives of both
TENANT and LANDLORD. TENANT shall be responsible to reimburse LANDLORD for
repairs or maintenance to the leased premises or any appliances provided
therein which are occasioned by TENANT or his guest(s)' negligence or
damage. Light bulb, battery, filter
replacements, unplugged drains, lockouts, keys or lock replacements, window
treatments, and resetting of circuit breakers, are all services and or products
which may be supplied by management at the residents option and expense.
Repairs not authorized by management will not be reimbursed. Heat must be maintained by resident at a
minimum of 60 degrees to avoid freezing of pipes.
ACCESS
8. TENANT agrees to allow LANDLORD access
to said leased premises for the purpose of examining or exhibiting the same, or
making any repairs or improvements to said premises which LANDLORD elects to
make. LANDLORD reserves the right
to put up a "FOR RENT", or "FOR SALE" sign at any time during
the term of this Lease, and may show the premises upon 4 hour notice to TENANT.
DAMAGE
9. TENANT
agrees that ALL refuse shall be placed in garbage facilities provided by
LANDLORD. Damage beyond normal wear
and tear walls or woodwork shall be deducted from TENANT's damage deposit; this
shall include any damage caused by hanging of pictures or other uses of the
walls and woodwork. TENANT agrees to be careful that no hair, thread, string,
rags, sanitary items, or rubbish of any description shall be allowed to enter
the drainage or waste pipes of said lease premises, and will be responsible for
damages resulting there from.
LIABILITY
10. In
case said leased premises shall be rendered untenable by fire or other
casualty, LANDLORD may, at LANDLORD'S option, terminate this lease or repair
said premises within (29) days.
Failure to so repair will terminate this lease without further liability
to TENANT. All TENANTS personal property of any kind and description shall be
kept in said leased premises at TENANTS sole risk. TENANT agrees that LANDLORD or
MANAGER/AGENT shall not be liable for any damage to or loss of TENANTS personal
property regardless of the source or cause of such damage, casualty or
calamity; said damage or loss of TENANTS personal property includes, but is not
limited to fire, theft, omission, leaking or bursting of water or sewer pipes,
explosions OR loss of food due to refrigerator malfunction. A TENANT's insurance policy will cover
these items and may be taken out at TENANT's option & expense. TENANT further agrees to work
cooperatively with MANAGER/AGENT in all transactions, dealings, or complaints,
understanding that work loads may vary and result in
delays especially during AUGUST move in season. TENANT agrees not to have a waterbed on
the premises but if TENANT does have a waterbed on the premises and said
waterbed leaks, TENANT assumes all liability for any damages and cost of
repairs for said damages.
PETS
11. Only
with LANDLORD'S written permission may TENANT have a pet or pets upon the
premises. If LANDLORD grants TENANT
permission to have a pet or pets upon the premises, TENANT agrees to sign the
Pet Addendum and agrees to abide by the conditions stored therein. If TENANT has a pet or pets upon the
premises without Landlord's written permissions, TENANT shall be liable and
held responsible for all appropriate charges, duties and obligations which
would have been incurred had LANDLORD granted TENANT permission to keep said
pet or pets. In the absence of
contrary proof, LANDLORD shall charge and hold TENANT liable for all charges
for said pet or pets since the beginning of the term of this lease, charges
shall accrue at a rate of $75.00/mo. for each dog and $45.00/mo. for each cat.
SUBLET
12.
TENANT has the right to sublet said leased premises to applicants approved by
LANDLORD. If TENANT does sublet or assign said lease premises, TENANT
understands and agrees that, in the absence of a written agreement between
LANDLORD and TENANT the contrary, TENANT remains secondarily liable for the
terms of his/her lease. A forty
($40.00) dollar charge will be imposed by the LANDLORD for each sublease made
by TENANT or his subleases.
POSSESSION
13. If LANDLORD/AGENT is unable to
deliver possession of premises at the commencement hereof, LANDLORD/AGENT shall
not be liable for any damages caused thereby, nor shall this agreement be
voided or voidable, however, TENANT shall not be liable for any rent until
possession is delivered. In case
said leased premises shall be vacated during the term of this lease for greater
than 10 days, the LANDLORD may take immediate possession thereof for the
remainder of the term, and at LANDLORD's discretion and option, relet the same and apply the proceeds upon this lease. The
TENANT is to remain liable for the unpaid balances of rent. If it becomes necessary to evict the
tenant for any reason, the tenant shall pay all legal expenses involved
including sheriff's fees, court costs, attorneys' costs, and all other incidental
expenses.
RENEWAL
14. This lease shall automatically renew
itself for a period of one year from date of expiration unless notices of
intent not to renew is given in writing at least 90 days prior to expiration of
this lease. LANDLORD will give 120
day notice prior to renewal date.
CONDUCT
15. Both
LANDLORD and TENANT hereby expressly agree that the lease premises are for
residential use and enjoyment of those who have signed this lease. TENANT agrees that TENANTS conduct or
the conduct of TENANT's guests disturb other occupants or LANDLORD or
LANDLORD's agents, or creates a nuisance, such conduct shall be a breach of the
lease agreement and LANDLORD may terminate this lease upon giving written
notice to TENANT.
ATTORNEY’S
FEES AND COSTS
16. If LANDLORD/TENANT shall
at any time incur any expense, including reasonable attorney’s fees and
costs, for successfully enforcing any provision of this Agreement by litigation
or otherwise, the sum paid by LANDLORD/TENANT shall be deemed damages in favor
of LANDLORD/TENANT against LANDLORD/TENANT and shall be immediately due and
payable. In the event of default, TENANT shall be responsible for all costs
incurred by Landlord to enforce this lease, including but not limited to
attorney fees, collection company expenses (ranging from 30-50%) and court costs.
THIS
LEASE constitutes the whole contract between LANDLORD and TENANT, and TENANT
states that no representations promises or other inducements have been made to
him/her by LANDLORD or AGENT/MANAGER.
RECEIPT: Each of the parties
acknowledges receipt of a copy of this agreement. This agreement shall be binding and
inure to the benefit of the LANDLORD and successors in interest.
IN
WITNESS WHERE OF, the parties have hereto signed on the day and year first above written:
____________________________________ ____________________________________
Lessor: Todd Thorstenson Lessee
41 E. University Ave, Champaign, IL 61820 ____