UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 1-U
CURRENT REPORT PURSUANT TO REGULATION A
Date of Report (Date of earliest event reported): July 19, 2022
LANDA APP 3 LLC
(Exact name of issuer as specified in its charter)
| Delaware | 87-2881696 | |
| (State or other jurisdiction of incorporation or organization) |
|
(I.R.S. Employer Identification No.) |
6 W. 18th Street
New York, NY 10011
(Full mailing address of principal executive offices)
646-905-0931
(Issuer’s telephone number, including area code)
| Membership Interests: | ||
| Landa App 3 LLC - 6696 Mableton Parkway SE Mableton GA LLC | Landa App 3 LLC - 132 Cornelia Street Brooklyn NY LLC | |
| Landa App 3 LLC - 1363 Hancock Street Brooklyn NY LLC | Landa App 3 LLC - 24 Ditmars Street Brooklyn NY LLC | |
| Landa App 3 LLC - 996 Greenwood Avenue NE Atlanta GA LLC | Landa App 3 LLC - 368 Irwin Street NE Atlanta GA LLC | |
(Title of each class of securities issued pursuant to Regulation A)
Item 9. Other Events
The following updates certain information provided in the Master Series Table found in the offering circular (the “Offering Circular”) of Landa App 3 LLC (the “Company”), dated June 28, 2022, regarding the property set forth below (the “Property”).
New Lease Agreements and Renewals
The following lease agreement (the “Lease Agreement”) was entered into with a tenant on the terms set forth in the table below.
| Series | Address | Lease Commencement Date | Monthly Rental Income (1) | Lease Expiration Date (2) | ||||||
| Landa App 3 LLC - 368 Irwin Street NE Atlanta GA LLC | 368 Irwin Street NE Unit #1, Atlanta, GA 30312 | July 19, 2022 | $ | 2,450.00 | July 18, 2023 | |||||
| (1) | The Monthly Rental Income reflects the monthly rental payment set forth in the Lease Agreement. |
| (2) | After the Lease Expiration Date, the Lease Agreement will become a month-to-month lease, unless the tenant provides written notice at least thirty (30) days prior to the Lease Expiration Date of an intention to terminate the Lease Agreement. |
The foregoing is a summary of the terms of the Lease Agreement for the Property set forth in the table above and does not purport to be a complete description of such terms. This summary is qualified in its entirety by reference to the Lease Agreement, a form of which is available here.
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SIGNATURE
Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: July 25, 2022 | LANDA APP 3 LLC | |
| By: | Landa Holdings, Inc., | |
| its Manager | ||
| By: | /s/ Yishai Cohen | |
| Name: | Yishai Cohen | |
| Title: | Chairman, Chief Executive Officer, and President | |
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