Chicago Residential Lease

REALTOR® Association of NorthWest Chicagoland
RESIDENTIAL LEASE

In consideration of the mutual covenants and agreements herein stated, Lessor hereby leases to Lessee and Lessee hereby leases from Lessor for a private dwelling, the unit designated above (the "Premises"), together with the appurtenances thereto, and the common elements or limited common elements appurtenant thereto, if any, for the above term. Along with the dwelling unit described herein, the Premises includes the following (check all that apply):

Parking space(s) (Identified as and containing parking spaces).

Garage (Identified as and containing parking spaces and transmitters).

Refrigerator Oven/Range/Stove Microwave Dishwasher Washer Dryer

Window Air Conditioner(s) (#) Storage locker Other (Description: ).

1. RENT. Lessee shall pay to Lessor, monthly in advance without demand, as rent for the Premises the sum stated above at Lessor’s address stated above or such other address as Lessor may designate in writing. Time of such payment is of the essence of this agreement. All rent shall be due as of the first day of each month and shall be paid not later than the fifth day of each month.

Any rent not paid by the fifth day of the month shall incur a late payment penalty of .

2. SECURITY DEPOSIT. Lessee herewith has paid to Lessor the security deposit stated above, receipt of which is acknowledged by Lessor, as security for the faithful performance of the terms of this Lease by Lessee, including, but not limited to, payment of rent and to the return of the Premises in undamaged condition. Any unused portion of the security deposit will be returned to Lessee, without interest, within days from the date that Lessee has vacated the Premises. Lessee has examined the Premises, accepts the Premises “as is,” will keep the Premises in good condition and will return the Premises to Lessor in the same condition, normal wear and tear excepted.

3. UTILITIES AND SERVICES. In addition to the monthly rent specified above, Lessee shall be responsible for payment of the following (check all that apply):

Electricity Gas Water/Sewer Heating Fuel Refuse Removal Homeowner Association Dues

If Lessee fails to pay any of the above, Lessor may pay them on Lessee’s behalf. In such event Lessee shall promptly reimburse Lessor for all such payment, plus any penalties paid by Lessor, upon demand by Lessor. In the event any of the above utilities are not levied specifically on or in respect of the Premises, the Lessee shall pay to Lessor as additional rent % of said utilities charged on the building of which the Premises is a part.

4. USE, SUBLET, ASSIGNMENT. The Premises will be used and occupied as a private, single-family premises by (list individual names)

and no others. Lessee will not permit the Premises to be used for any unlawful purpose or purposes that will injure the reputation of the Premises or of the neighborhood, and will not permit the Premises to remain vacant or unoccupied for more than thirty (30) consecutive days. Lessee will not allow the Premises to be used for any purpose that will increase the rate of insurance thereon, nor for any purpose other than that herein specified. Lessee will neither assign this Lease nor sublet the Premises without the prior written consent of Lessor; such consent will not be unreasonably withheld. Lessor’s consent in this instance will not waive Lessor’s right to refuse subsequent assignments or sub-lettings nor will Lessor’s consent release Lessee from liability under this Lease.

5. POSSESSION. Lessor will tender possession of Premises not later than the beginning date of this Lease. Possession shall be deemed to have been given when Lessor delivers to Lessee the keys for the vacant Premises. If Lessor does not deliver possession of the Premises to Lessee as stipulated herein, Lessee may cancel and terminate this Lease, with written notice to Lessor. In this instance, neither party will be liable to the other and any sums paid by Lessee under this Lease will be refunded. If Lessee accepts late delivery of the Premises, then the rent will be reduced on a pro-rated daily basis for that monthly term from the date of actual possession. The term of this Lease will not be extended by any such late delivery.

6. ALTERATIONS AND IMPROVEMENTS. Lessee will not make any alterations or improvements, including decorating, without the prior written consent of Lessor. Any alterations or improvements that are made will remain and be surrendered upon termination of this Lease. Any such acceptance will not relieve Lessee for any costs incurred by Lessor as a result of any alterations or improvements. Lessee shall be responsible for all costs incurred by Lessor as a result of any unapproved alteration or improvement.

7. MAINTENANCE AND REPAIR. Lessee will keep the Premises in good and sanitary condition and repair at Lessee’s sole expense during the term of this Lease and during any renewal period or extension thereof. Lessee will maintain the fixtures and mechanical systems in good operating order, and will further be responsible for the following (check all that apply):

Snow/ice removal from driveways and sidewalks; Lawn mowing; Landscape maintenance (other than lawn mowing) Scavenger service Other

Lessor will be responsible for any structural or major maintenance and repairs, other than routine maintenance and repairs, that are not due to Lessee’s misuse, waste or neglect or to that of Lessee’s authorized occupants or visitors. Any appliances contained in the Premises are provided for the Lessee’s convenience. Lessor does not warrant the fitness or uninterrupted use or enjoyment of such appliances by Lessee. Any interruption of Lessee’s use and enjoyment of such appliances shall not constitute “constructive eviction,” nor form the basis for any defense, set-off or counter claim by Lessee.

Lessee agrees to pay for any and all repairs, including approved or unapproved improvements or alterations, that shall be necessary to put the Premises in the same condition as existed at commencement of this Lease, reasonable wear and tear and loss by fire or acts of nature excepted, and the expense of such repairs shall be included within the terms of this Lease. In the event Lessee shall fail to maintain the Premises as provided hereunder, and upon notice by the Lessor fails to correct any deficiencies, such failure shall constitute grounds for termination of this Lease by Lessor.

Any maintenance or repair that is not the obligation of Lessee shall be the responsibility of the Lessor. Lessor shall discharge its maintenance and repair responsibilities in a timely manner. In the event Lessor fails to do so, and upon notice by Lessee fails to correct any deficiencies, such failure shall constitute grounds for termination of this Lease by Lessee.

8. DAMAGE BY FIRE OR CASUALTY. If the Premises is damaged by fire or other casualty not due to Lessee’s negligence, Lessor will begin repairs as soon as possible. If the damaged Premises is uninhabitable, the rent will cease until the repairs are made. If the Premises is not restored to habitable condition within days this Lease may be terminated at the option of Lessee upon written notice to Lessor. If Lessor decides not to repair or re-build, Lessor may terminate this Lease by giving Lessee immediate written notice and Lessee will surrender the Premises to Lessor. Lessor shall be responsible for all costs of repair of the Premises, provided the damage is not caused by any willful act or negligence on the part of Lessee. If the damage is caused by Lessee’s willful act or negligence, Lessee shall be responsible for all costs of repair of the Premises and Lessee shall remain obligated to pay all rent and other charges through the end of this Lease, regardless of the habitability of the Premises.

9. CONDEMNATION. If any part of the Premises is taken by any authority for any public or quasi-public purpose or use or a settlement or a compromise or a settlement in lieu thereof be made that would substantially alter the intended use of the Premises, this Lease will terminate from the date when possession of the Premises is taken. Lessee will have no right to any damages awarded or settlement made in this regard.

10. DEFAULT. If rent or any other sum due Lessor is unpaid; if there is default in compliance with any term of this Lease; if the Premises is abandoned, deserted or vacated by Lessee, then Lessor will have the right to terminate this Lease in accordance with any applicable statute or ordinance. In the event of a lawsuit between the parties the prevailing party shall be entitled to their attorneys fees and costs.

11. HOLDOVER. Lessee will deliver possession of the Premises to Lessor upon expiration or termination of this Lease. If Lessee fails to do so Lessee will pay an amount equal to three (3) times the monthly rent specified in this Lease for each month or portion thereof that Lessee remains in possession of the Premises. Lessee will have no rights in the Premises and will be a tenant in sufferance. Lessee will pay to Lessor any damages and costs incurred by Lessor as a result of any holding over. Acceptance of rent after expiration or termination of this Lease will constitute a renewal on a month to month basis.

12. LIABLITY. Lessor will not be liable to Lessee for any damage to Lessee’s person or property or agents, employees, guests or invitees other than for Lessor’s gross negligence. Lessee will indemnify and hold Lessor harmless from all claims of any nature. Lessee shall shall not be required to maintain renters insurance during the term of this Lease. If renters insurance is to be maintained, Lessee shall furnish a copy of said policy to Lessor.

13. RIGHT OF ENTRY. Lessor or Lessor’s agents will have the right to enter the Premises at reasonable times with reasonable notice, except in the event of an emergency, in order to inspect, to make ordinary, necessary repairs or alterations, to enforce the provisions of this Lease and to show the Premises to prospective purchasers or lessees. Lessee will allow Lessor to have placed upon the Premises, at all times, notices of "For Sale" and/or "To Rent" and will not interfere with the same.

12. SUBORDINATION. This Lease is subject to and subordinate to the lien of all mortgages now or hereafter placed on any part of Lessor’s property that includes the Premises, to any extensions and renewals thereof and to advances now or thereafter made on the security thereof. Lessee will execute such instruments evidencing subordination at Lessor’s request. If Lessee fails to comply with such request, Lessee hereby irrevocably empowers Lessor to do so in Lessee’s name.

13. NOTICES. Any notice to Lessee addressed to the Premises or the Lessor at the address designated by Lessor will be sufficient, if in writing and delivered to either party in person or by certified mail.

14. SEVERABILITY. If any part if this Lease is construed to be unenforceable, the remaining parts will remain in full force and effect as though any unenforceable part was not written into this Lease.

15. LEAD-BASED PAINT DISCLOSURE. Prior to signing this Lease, Lessee (check one) has has not received the EPA Pamphlet, "Protect Your Family From Lead in Your Home," and (check one) has has not received a Lead-Based Paint Disclosure.

16. RULES AND REGULATIONS. Lessee and other authorized occupants and guests will comply with all occupancy rules and regulations of Lessor, if any, and, with any homeowner association or condominium association rules and regulations as amended from time to time and furnished to Lessee. Failure to comply with the occupancy rules and regulations will be considered a default under the terms of this Lease.

17. OTHER TERMS OR PROVISIONS.

(a) Pets are are not permitted under this Lease. If pets are permitted, such permission is limited as follows:

(b) In addition to any other remedies afforded to Lessor under this Lease, Lessor may charge Lessee the sum of $ for any returned check. Two occurrences of returned checks during the term of this Lease, including any extension of the term thereof, will require all future rental payments by Lessee to be made by cashiers or certified check.

(c) Lessee shall pay ten dollars ($10.00) for each and any lost key replaced by Lessor.

(d) Lessee will not install satellite dishes, antennae or cables for television, radio, sound equipment, computer equipment or Internet access without Lessor’s written consent in each case, and shall remove same and restore all walls or other appurtenances prior to vacating Premises.

(e) (Check all that apply) Notice is hereby provided pursuant to Illinois statute that Lessor Lessee is an Illinois licensed Real Estate Broker or Salesperson.

18. ENTIRE AGREEMENT. This Lease and any attachments constitute the complete and entire agreement between the parties. No oral statements will be binding on either party. This Lease may only be modified by mutual agreement of the parties. The following are hereby incorporated herein and made part of this Lease:

THIS IS A LEGALLY BINDING DOCUMENT. THE PARTIES ARE ADVISED TO CONSULT WITH THEIR RESPECTIVE ATTORNEYS BEFORE SIGNING.

THIS DOCUMENT IS PROVIDED AS A COURTESY BY THE REALTOR® ASSOCIATION OF NORTHWEST CHICAGOLAND AND MAY NOT COMPLY WITH ALL THE LAWS, ORDINANCES AND REGULATIONS IN EVERY JURISDICTION. PRIOR TO THE EXECUTION OF THIS LEASE, LESSOR AND LESSEE ARE ENCOURAGED TO CHECK ORDINANCES AND REGULATIONS TO VERIFY THE REQUIREMENTS OF THE MUNICIPAL BODY IN WHICH THE PREMISES IS LOCATED.

IN WITNESS WHEREOF, the parties have signed and sealed this Lease on the date before written.

GUARANTEE

For value received, the undersigned hereby guarantees the payment of the rent and the performance of the covenants by the Lessee of the terms of the Lease.

GUARANTOR’S ADDRESS, CITY, ZIP