<format type="json">{agreement_id: string, document_date: date, lease_parties: list[{party_type: string, entity_name: string, entity_address: string optional, contact_person: string optional}], property_details: {property_address: string, unit_identifier: string optional, square_footage: number, property_type: string}, lease_term: {start_date: date, end_date: date optional, term_duration_months: number, renewal_options: list[{option_number: number, renewal_period_months: number, notice_period_days: number, rent_escalation_method: string}]}, financial_terms: {base_rent_initial: number, rent_frequency: string, security_deposit_amount: number optional, escalation_schedule: list[{escalation_type: string, effective_date: date, increase_value: number, increase_unit: string}], additional_rent_components: list[{component_name: string, payment_structure: string, estimated_annual_cost: number optional}]}, maintenance_obligations: {lessor_responsibilities: list[string], lessee_responsibilities: list[string]}, use_restrictions: list[string], legal_provisions: {force_majeure_clause_present: boolean, sublease_assignment_terms: string, dispute_resolution_method: string optional}}</format> <data>**INTERNAL MEMORANDUM - LEASE ABSTRACT**

**TO:** Portfolio Management Team
**FROM:** Legal & Compliance Dept.
**DATE:** 2025-08-13
**RE: Summary of Executed Lease Agreement: LEASE-COVER-2022-732

This serves as a summary of the commercial lease executed on 2022-11-10 between the Lessor, Young, Trevino and Hunt, and Lessee, Williams LLC. The subject of this agreement is the Office property at 55295 Lindsey Orchard Suite 826, Suite 1795, Jonathanview, Kentucky 33247, comprising approximately 11,453 square feet. All relevant documentation has been filed under our standard procedures, and the original document is stored in the main vault.

The lease term is set for 120 months, commencing on 2023-01-16 and concluding on 2033-01-15. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $2,586.36, payable on a monthly basis. The lease includes a structured rent escalation schedule, with the first increase of 6.97% taking effect on 2024-01-16. Additional rents include Common Area Utilities (Fixed annual contribution), Operating Expenses (CAM) (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Structural repairs to building exterior and roof. The Lessee's duties include: Minor repairs to plumbing and electrical; All utility payments for the premises; Pest control within the unit; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. No structural alterations without Lessor approval.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Requires prior written consent from Lessor, not to be unreasonably withheld. A force majeure clause is notably absent in the agreement. Any potential disputes are to be resolved via Binding arbitration in Brownhaven. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-COVER-2022-732",
  "document_date": "2022-11-10",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Young, Trevino and Hunt",
      "entity_address": "48490 Sexton Crossroad\nJohnberg, MS 14246"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Williams LLC",
      "entity_address": "64266 Taylor Alley Suite 998\nJonesberg, WV 85794"
    }
  ],
  "property_details": {
    "property_address": "55295 Lindsey Orchard Suite 826, Suite 1795, Jonathanview, Kentucky 33247",
    "square_footage": 11453,
    "property_type": "Office"
  },
  "lease_term": {
    "start_date": "2023-01-16",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2033-01-15"
  },
  "financial_terms": {
    "base_rent_initial": 2586.36,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-01-16",
        "increase_value": 6.97,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-01-15",
        "increase_value": 4.4,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-01-15",
        "increase_value": 5.67,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-01-15",
        "increase_value": 0.93,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 9577.26
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution"
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "All utility payments for the premises",
      "Pest control within the unit",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Binding arbitration in Brownhaven"
  }
}