<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-GENERATION-2022-298

This serves as a summary of the commercial lease executed on 2022-08-14 between the Lessor, Garcia-Lynn, and Lessee, Jordan-Mullins. The subject of this agreement is the Warehouse property at 9212 Wang Ridge, Suite 603, Zacharyview, South Dakota 56731, comprising approximately 9,789 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 84 months, commencing on 2022-10-29 and concluding on 2029-10-28. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $45,652.47, payable on a annually basis. A security deposit of $45,652.47 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 4.34% taking effect on 2023-10-29. Additional rents include Common Area Utilities (Pro-rata share (3%)), Insurance (Fixed annual contribution), Insurance (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Parking lot maintenance. The Lessee's duties include: Janitorial services within leased premises; Minor repairs to plumbing and electrical; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. Signage must be approved by Lessor. No structural alterations without Lessor approval.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Permitted only to an affiliate entity with 30 days prior notice. A force majeure clause is present in the agreement. Any potential disputes are to be resolved via Binding arbitration in Quinnport. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-GENERATION-2022-298",
  "document_date": "2022-08-14",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Garcia-Lynn",
      "contact_person": "Latoya Davenport"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Jordan-Mullins",
      "entity_address": "1451 Mccoy Pine Apt. 548\nNorth Hannahfort, IA 51317"
    }
  ],
  "property_details": {
    "property_address": "9212 Wang Ridge, Suite 603, Zacharyview, South Dakota 56731",
    "square_footage": 9789,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 603"
  },
  "lease_term": {
    "start_date": "2022-10-29",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2029-10-28"
  },
  "financial_terms": {
    "base_rent_initial": 45652.47,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2023-10-29",
        "increase_value": 4.34,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-10-28",
        "increase_value": 5.46,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-10-28",
        "increase_value": 7.01,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-10-28",
        "increase_value": 0.73,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (3%)",
        "estimated_annual_cost": 8933.42
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 1614.87
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution"
      }
    ],
    "security_deposit_amount": 45652.47
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Minor repairs to plumbing and electrical",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Signage must be approved by Lessor.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Binding arbitration in Quinnport"
  }
}