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Lease Agreement between Progressive Bank NA and Angela I Stauver

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What this Lease Agreement is and why it matters

The Lease Agreement between Progressive Bank NA and Angela I Stauver is a legally binding contract that sets the rights and obligations of the lessor (Progressive Bank NA) and the lessee (Angela I Stauver). It typically specifies the leased premises or asset, the lease term, rent and payment schedule, security deposit, permitted uses, maintenance responsibilities, default and remedy provisions, and any insurance or indemnity requirements. When executed correctly, the agreement governs occupancy and financial obligations and can be enforced in court; it may be executed electronically where ESIGN (15 U.S.C. ch. 96) and the applicable state UETA/ESRA rules permit.

Why a clear lease benefits both parties

A complete, well-drafted lease reduces dispute risk, clarifies payment and maintenance duties, preserves evidence for enforcement, and supports regulatory compliance. Electronic execution under ESIGN/UETA maintains legal validity when the parties meet intent, consent, attribution, and retention requirements.

Who typically uses this lease and in what roles

Common users include institutional lessors, individual tenants, property managers, and legal or compliance teams responsible for review and recordkeeping.

• Institutional lessors and banks who manage leased assets and require standardized documentation.
• Individual tenants or guarantors signing personal obligations and confirming identity.
• Property managers and legal counsel who implement, review, and store lease terms.

Representative signatories and roles

Progressive Bank NA

Institutional lessor and contract counterparty that typically controls payment routing, enforces lease remedies, and may require authorized officer signatures or delegated signing authority for lease execution.

Angela I Stauver

Individual lessee who must provide accurate legal name and identification, accept lease terms, and sign in the prescribed manner; mismatch in identity information can delay enforceability or trigger additional authentication requirements.

Essential lease data fields to include

Lease Term: MM/DD/YYYY to MM/DD/YYYY

Rent Amount: Currency and frequency

Security Deposit: Dollar amount

Premises Address: Street, city, state, ZIP

Permitted Use: Short description

Default Remedies: Late fee, cure period

Key risks and potential penalties for errors

Late Rent Penalties: Late fees and interest

Termination Risk: Immediate lease termination possible

Signature Defect: Improper execution may void sections

Tax Reporting: Incorrect records trigger IRS penalties

Notarization Issues: Missing notarization may limit enforcement

Data Exposure: Breach risks under privacy laws

Common preparation mistakes to avoid

• Using inconsistent party names across documents, which can delay enforcement and require corrective amendments.
• Leaving effective or termination dates blank or ambiguous, creating disputes over when obligations begin or end.
• Vague rent escalation language or undefined operating expense allocations that lead to billing disagreements.
• Assuming notarization or witness requirements are universal rather than verifying state-specific rules for the transaction.

Step-by-step: completing the lease form

Follow these sequential actions to prepare, execute, and store the lease correctly.

• 01
  Gather documents: Collect IDs, prior agreements, and insurance info.
• 02
  Complete party details: Enter legal names and addresses exactly.
• 03
  Set financial terms: Specify rent, deposit, and payment schedule.
• 04
  Sign and distribute: Execute with required authentication and retain copies.

How electronic execution and routing works

This is a typical online signing workflow for leases that uses sequential signing and a preserved audit trail.

• Upload document: Add the lease PDF or DOCX to the signing platform.
• Place fields: Insert signature, initial, date, and text fields.
• Invite signers: Send email or secure link to each party.
• Archive signed copy: Store executed agreement with audit trail.

Core components to review before signing

A professional lease should clearly separate operational, financial, and legal obligations so parties know exactly what is required.

Parties

Identify legal entities, including full legal names, entity types, and signature authority to ensure the contract binds the correct parties and avoids later challenges.

Premises Description

Describe the leased space or asset with precise identifiers such as address, unit number, parcel ID, or equipment serial number so the leased subject is unmistakable.

Term

Define the lease start, end dates, renewal options, and early termination provisions including notice periods and any rent adjustments on renewal.

Rent & Payments

Specify amount, due dates, acceptable payment methods, late fees, and any interest on overdue balances to avoid collection disputes.

Maintenance & Repairs

Allocate responsibility for routine maintenance, major repairs, and utility payments, and include insurance and indemnity obligations where appropriate.

Default & Remedies

State cure periods, acceleration rights, repossession or eviction procedures, and any indemnity or liquidated damages clauses for breach.

Recommended digital workflow settings for lease execution

Configure authentication, signing order, reminders, and retention before sending to ensure a compliant e-signing sequence.

Field	Configuration
Authentication method	Email link plus optional SMS code for signer verification.
Signing order	Progressive Bank NA signs first, then the tenant for sequential approval.
Reminder schedule	Send reminder every three days up to three reminders.
Audit trail	Include timestamps, IP, and action log for each signer.

Technical considerations for eSigning and storage

Choose a platform that supports the file types you use, meets authentication needs, and preserves a tamper-evident audit trail.

• File formats: PDF, DOCX supported
• Integrations: CRM, cloud storage, and accounting
• Security: TLS and AES-256 encryption

Confirm platform compliance for your industry (for example, HIPAA BAA for healthcare) and verify retention, export, and API capabilities for long-term recordkeeping.

Typical timing and recurring deadlines to track

Identify dates that trigger obligations: rent due dates, notice windows, and tax reporting timelines tied to lease payments.

Lease start date:

Date tenant may take possession and obligations commence.

Rent due dates:

Monthly due date and grace period if applicable.

Security deposit due:

When deposit is payable, often at lease signing.

Notice to vacate:

Required advance notice to end tenancy, commonly 30–60 days.

Tax reporting:

If payment requires 1099 reporting, note Jan 31 recipient deadline.

Key milestones from negotiation to recordkeeping

These sequential stages describe the life cycle of the lease agreement and the primary action at each milestone.

01

Negotiation

Parties finalize terms, resolve contingencies, and agree on deliverables.

02

Execution

Signatures are obtained with required authentication and notarization if applicable.

03

Possession

Tenant takes possession and landlord confirms condition and handover checklist.

04

Recordkeeping

Store executed lease, audit trail, and supporting documents in secure retention system.

eSignature pricing and feature snapshot for lease execution

Comparison of common vendor plans and capabilities to consider for lease workflows; signNow is listed first per vendor convention.

	signNow	DocuSign	Adobe Sign	PandaDoc	HelloSign
Starting Price	$8/user/mo	$15/user/mo	$14/user/mo	$19/user/mo	$15/user/mo
Free Trial	7-day free trial	Varies by plan	Varies by plan	Varies by plan	Varies by plan
Bulk Send	Yes	Yes	Yes	Yes	No
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No
Envelope Cap	No cap	100 envelopes/user/year	Varies	Varies	Varies

Real-world examples of electronic lease use

These case snapshots illustrate how organizations apply online signing and secure workflows to lease and property agreements.

Martin Properties

Tim Martin found the platform allowed fully online execution and compliance for property leases.

• He processed tenant signatures remotely and securely.
• As a result, Martin Properties reduced turnaround time, eliminated in-person signing logistics, and maintained consistent audit trails for all executed lease files.

Fertility Centers

John Butler used integrated signing to streamline consent and facility leases.

• His team relied on API integrations for record syncing.
• The solution provided reliable security controls, easier document retrieval, and simplified operational workflows without sacrificing regulatory protections.

Practical tips for accurate and efficient lease completion

Apply consistent practices to reduce errors, speed execution, and preserve enforceability.

Use exact legal names

Always enter party names exactly as on IDs or formation documents; mismatches can require corrective amendments and delay enforcement.

Preserve the audit trail

Keep the signing platform's certificate of completion, including timestamps and IP logs, to support attribution and defense in disputes.

Confirm authentication

Select an authentication level that matches transaction risk—email-only for low-risk, multi-factor or KBA for higher-risk leases.

Document amendments

Use signed amendment or addendum documents for any changes; avoid handwritten changes on printed copies without re-execution.

Frequently asked questions and practical answers

Answers to common legal, technical, and execution questions about this lease and electronic signing options.

Need help? Contact support

• Can this lease be signed electronically?
  Yes. Electronic signatures are generally enforceable under the ESIGN Act (15 U.S.C. ch. 96) and UETA where adopted. Ensure that the transaction meets the four-part validity test: intent, consent, attribution, and retention.
• Is notarization required for enforceability?
  Most residential and commercial leases do not legally require notarization, but specific transactions or local rules may require notarization for recordation or certain instruments; verify local law and lender requirements.
• What if a name is entered incorrectly?
  A mismatched legal name can impair enforceability or create tax reporting issues; correct errors via a signed amendment or re-execution to align names with government IDs.
• How should I store the executed lease?
  Retain the signed document and audit trail in secure storage with encryption and access controls. Keep originals for the term plus applicable retention periods per IRS and HIPAA rules when relevant.
• Can the lease be amended after signing?
  Yes. Use a written, signed amendment referencing the original lease, specifying changed provisions, and executed with the same signature formalities as the original agreement.
• Who enforces lease disputes?
  Enforcement occurs in the forum specified by the lease's governing law and venue clauses; parties should follow contractual notice procedures before initiating litigation or arbitration.

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