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Non-Payment Notice Lease Agreement 2025
Non-Payment Notice Lease Agreement 2025
Schulte
Kelly R. Boier Notolie K. Ditmors
Gregory J. Seyfer Roymond R. Rinkol, Jr.
Deon A. Spino Dovid M. Coves
Joseph E. Schmoll Melisso A. Conington
Brodley G. Horf Louro M. Hyer
Wílliom J. Neppl Mork R.Von Heukelom
Williom T. McCorton
Moureen G. Kenney
Bnnolry eu Rir-Ey pc Korl M. Sigworlh*
Ryon S. Fisher
Vernon P. Squires ArroRNpys AND CouNSELoRS Jeremioh D. Junker
Timolhy J. Hill CEDAR RAPIDS . IOIøA CITY
Poul D. Burns RETIRED
DIRECT DIAL:
319-861-8742
February 23,2017
VIA EMAIL
Jordan Farley
Raj an Devan djr4i!!]@parl,colq
Mo Semra mo.semral lâemail.com
Gentlemen:
Bradley & Riley PC represents 2025 Development Group, LLC ("Landlord") regarding your
Lease Agreement with for the property located at 1202 3'd Street SE, Cedar Rapids, IA 52401.
On January 17,2017, you were provided a Notice of Default and Right to Cure advising you that
you were in default under the Lease Agreement and had ten days to remedy that default.
Specifically, your default consists of your failure to pay rent when due. You have failed to cure
this default within 10 days.
The amount of rent currently due and owing under the Lease Agreement is $281665.98. If
you fail to pay this amount within 10 days of the date of this letter, Landlord may take
steps, including legal action, to preserve, protect, and enforce its rights. Such action may
include, without limitation, (1) pursuing judicial proceedings against Manifest Events LLC, Rain
EDM, Rajan Devan, and Jordan Farley to collect all amounts due and owing to Landlord under
the Lease, including attorneys' fees; (2) terminating your right to possess and use the Leased
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BRADLEY & RILEY PC
February 23,2017
Page2
Premises; and (3) terminating the Lease. In the event your right to possess and use the Leased
Premises is terminated, you may remain liable for future rent under the Lease.
Additionally, Landlord may exercise its legal rights to enforce its landlord lien rights against any
property located on the Leased Premises. In this regard, you are hereby instructed not to remove,
sell or otherwise dispose of any equipment, inventory, furnishings and other property located on
the Leased Premises. Landlord is prepared to immediately initiate legal action to take possession
of all such property, to foreclose its liens and security interests, and to cause such property to be
sold via sheriff s sale or private sale (as permiued by law) to the extent necessary to recover past
and future amounts owed to Landlord under the Lease.
To avoid legal action, it is imperative that you immediately send your payment of $28,665.98 to
2025 Development Group, LLC at 1641 Boyson Square Dr., Ste 100, Hiawatha, IA 52233.
This is a serious matter that requires your immediate attention. GOVERN YOURSELF
ACCORDINGLY.
Sincerely,
M. Hyer
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