Residential Lease Agreement Document № BK-2024-0742

The Residence at
Evergreen Terrace.

Executed
March 14, 2024
Commencement
April 1, 2024
Jurisdiction
Kings County, NY
Landlord
Terrace Holdings LLC
c/o Meridian Property Group
208 Montrose Avenue, Brooklyn NY 11206
&
Tenant
Margaret E. Holloway
Daniel R. Chen
Joint & several tenants
Two (2) named occupants
The Premises
742 Evergreen Terrace Apartment 3B · Brooklyn, NY 11221
2
Bedrooms
1
Bath
3B
Floor
i.

Principal Terms

Lease Term
Twelve (12) MonthsApril 1, 2024 – March 31, 2025
Base Rent
$3,200.00 / monthDue on the 1st of each month
Security Deposit
$3,200.00Held in escrow per NY RPL §7-103
Pet Deposit
$500.00Refundable, less damages
Late Fee
$50 after the 5thGrace period applies once per quarter
Utilities
Tenant responsibilityWater & trash included by Landlord
First Month
$3,200.00
Payable at signing
Security
$3,200.00
Refundable
Pet Deposit
$500.00
Refundable
Due at Signing
$6,900.00
ii.

Covenants & Use

01

Occupancy & Quiet Enjoyment

The Premises shall be used solely as a private residence for the named Tenants. Quiet hours are observed between 10:00 PM and 8:00 AM in accordance with building rules and NYC Noise Code.

02

Rooftop Access Privilege

Tenant is granted shared, non-exclusive access to the common rooftop terrace during published hours (7:00 AM – 11:00 PM). Grilling permitted in designated areas only. Access is revocable for rule violations.

03

Maintenance & Repairs

Landlord shall maintain all major systems including HVAC, plumbing, and electrical. Tenant is responsible for routine upkeep, light bulbs, and damages beyond ordinary wear and tear.

04

Alterations & Subletting

No structural alterations, painting, or fixture modifications without prior written consent. Subletting or assignment requires Landlord approval pursuant to NY Real Property Law §226-b.

Paragraph 12 · Pet Provision

Pet-Friendly Premises

Tenant is permitted up to two (2) domesticated animals (cats or dogs under 50 lbs) subject to registration with Landlord, current vaccinations, and a refundable pet deposit. Tenant assumes full liability for any pet-related damages or disturbances.

$500
Pet Deposit
iii.

Execution

By signing below, the parties acknowledge they have read, understood, and agree to be bound by all terms set forth in this Residential Lease Agreement, including any addenda referenced herein.

For the Landlord
Jonathan P. Mercer
Jonathan P. Mercer, Managing Partner 03 / 14 / 2024
For the Tenant
Margaret E. Holloway
Margaret E. Holloway & Daniel R. Chen 03 / 14 / 2024