6321 N Hermitage Ave #G

Lease terms

LEASE AGREEMENT (Page 1 of 2) This Lease Agreement (the "Lease") is entered into on this [Day] day of [Month], 2026, by and between the Landlord and the Tenant(s) listed below. SUMMARY OF FEES & FINANCIAL TERMS Monthly Rent: $1,600.00 per month. Due Date: Rent is due in advance on the 1st day of each calendar month. Late Fee: If rent is not fully received by midnight on the 5th day of the month, a late fee of $[Late Fee Amount] (or [Percentage]% of the monthly rent) will be assessed. Security Deposit: $[Deposit Amount] (Due upon signing). Non-Refundable Move-In Fee: $500.00. Non-Refundable Pet Fee (if applicable): $300.00. Returned Payment / NSF Fee: $[Fee Amount] for any check returned for insufficient funds. Acceptable Payment Methods: Rent and all applicable fees must be paid via Zelle, cash, or check. Zelle Account: [Insert your Zelle email or phone number] Check Payable To: [Insert name for check payments] Renter's Insurance Requirement: Tenant is required to maintain a renter's insurance policy with a minimum of $100,000.00 in personal liability coverage, naming the Landlord as an "Additional Interested Party" or "Additional Insured" (as detailed in Section 5). 1. PARTIES AND PROPERTY Landlord: [Your Name / Company Name] Tenant(s): [Tenant Name(s)] 6321 N Hermitage Ave. #G, Chicago, IL 60660 Building Premises Address: 6321 N Hermitage Ave. #G, Chicago, IL 60660Click to open side panel for more information 2. LEASE TERM Commencement Date: August 1st, 2026. Termination Date: July 31st, 2027. Type of Lease: Fixed Term (reverting to month-to-month upon expiration unless terminated in writing by either party with at least 30 days' notice). LEASE TERMS & CONDITIONS (Page 2 of 2) 3. RENT & SECURITY DEPOSIT PROVISIONS Rent Payments: All rent payments must be submitted using the approved payment methods specified on Page 1. If paying in cash, Landlord will provide a written receipt to Tenant upon delivery of funds. Security Deposit Return: The Landlord shall hold the security deposit in accordance with state and local laws. This deposit will be returned to the Tenant within [Number of Days, e.g., 21 or 30] days after the Tenant vacates the Premises, less any lawful deductions for damages beyond normal wear and tear, unpaid rent, or cleaning costs. The security deposit may not be used by the Tenant as last month's rent. 4. UTILITIES AND SERVICES Landlord Provided Utilities: Landlord shall pay for and provide: [e.g., Water, Sewer, Trash, None]. Tenant Provided Utilities: Tenant shall be solely responsible for setting up and paying for all other utilities associated with the Premises, including but not limited to: [e.g., Electricity, Gas, Internet, Cable]. 5. RENTER'S INSURANCE Required Coverage: Tenant is required to obtain and maintain a renter's insurance policy throughout the entire duration of the lease term. The policy must include a minimum of $100,000.00 in personal liability coverage for damage to the landlord's property and injury to others. Verification: Tenant must provide the Landlord with written proof/certificate of insurance prior to taking possession of the Premises or receiving keys. Landlord Notification: The policy must list the Landlord as an "Additional Interested Party" or "Additional Insured" so that the Landlord is automatically notified by the insurance carrier of any policy changes, lapses, or cancellations. Exclusion of Landlord Liability: Tenant acknowledges that Landlord's property insurance does not cover the Tenant's personal belongings, electronics, furniture, or liability for accidents occurring inside the Premises. 6. USE OF PREMISES & OCCUPANCY Permitted Use: The Premises shall be used strictly as a private residential dwelling for the sole occupancy of the named Tenants. Guests: Guests staying longer than [Number, e.g., 14] consecutive days or [Number, e.g., 30] total days in any 12-month period require prior written consent from the Landlord. Subletting: Subletting, short-term rental hosting (e.g., Airbnb), or assigning this Lease is strictly prohibited without the express written consent of the Landlord. 7. PETS Pet Policy: Pets are strictly prohibited unless authorized under the fee schedule on Page 1 and accompanied by a signed Pet Addendum. 8. MAINTENANCE, REPAIRS, & ALTERATIONS Tenant Maintenance: Tenant shall keep the Premises clean, sanitary, and in good condition. Tenant is responsible for minor maintenance, such as replacing lightbulbs and keeping smoke detector batteries active. Reporting Damages: Tenant must immediately report any damage, malfunction, or hazardous condition (such as water leaks or structural issues) to the Landlord. Alterations: Tenant shall not make any alterations, painting, or structural changes to the Premises without prior written permission from the Landlord. 9. ENTRY BY LANDLORD Notice Period: Landlord or Landlord's agents shall have the right to enter the Premises for inspection, repairs, maintenance, or showing the property. Except in cases of emergency or urgent repairs, Landlord will provide Tenant with at least 24 hours' notice prior to entry. 10. SMOKING POLICY Smoking Restriction: This is a strictly non-smoking property. Smoking, vaping, or burning of any tobacco, cannabis, or other substances is prohibited inside the Premises, including any common areas, balconies, or patios. 11. DEFAULT & TERMINATION Default: If Tenant fails to pay rent when due, violates renter's insurance requirements, violates any material term of this Lease, or abandons the Premises, Landlord may issue a written notice of default and pursue legal eviction remedies as provided by Chicago and Illinois law. Governing Law: This Lease shall be governed, construed, and enforced in accordance with the laws of the State of Illinois and any municipal ordinances of the City of Chicago (including the Chicago Residential Landlord and Tenant Ordinance, if applicable). SIGNATURES By signing below, the Landlord and Tenant(s) acknowledge that they have read, understood, and agreed to all the terms, fees, and conditions of this Lease Agreement. LANDLORD: Signature: ___________________________ Date: ______________ Print Name: __________________________ TENANT(S): Signature: ___________________________ Date: ______________ Print Name: __________________________ Signature: ___________________________ Date: ______________ Print Name: __________________________