<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-MATERIAL-2023-447

This serves as a summary of the commercial lease executed on 2023-03-19 between the Lessor, James-Murphy, and Lessee, Brown-Anderson. The subject of this agreement is the Office property at 4842 Macdonald Way Suite 001, Suite 570, Lake Kimberly, New Hampshire 28670, comprising approximately 21,095 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 2023-04-15 and concluding on 2033-04-14. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $8,018.07, payable on a monthly basis. The lease includes a structured rent escalation schedule, with the first increase of 3.53 $/sf taking effect on 2024-04-14. Additional rents include Common Area Utilities (Pro-rata share (8%)), Real Estate Taxes (Pass-through), Operating Expenses (CAM) (Fixed annual contribution), Real Estate Taxes (Pass-through).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Parking lot maintenance. The Lessee's duties include: Minor repairs to plumbing and electrical; All utility payments for the premises; Pest control within the unit. 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. Premises to be used solely for general office purposes.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Permitted, subject to Lessor's right of first refusal and a profit-sharing clause. A force majeure clause is present in the agreement. Any potential disputes are to be resolved via Litigation in the jurisdiction of the property location.. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-MATERIAL-2023-447",
  "document_date": "2023-03-19",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "James-Murphy",
      "entity_address": "7181 Lee Fork Suite 055\nEast Williamfurt, TN 06855",
      "contact_person": "Jennifer Vaughn"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Brown-Anderson",
      "entity_address": "3891 Saunders Orchard Apt. 765\nWest Ashleeshire, UT 83763"
    }
  ],
  "property_details": {
    "property_address": "4842 Macdonald Way Suite 001, Suite 570, Lake Kimberly, New Hampshire 28670",
    "square_footage": 21095,
    "property_type": "Office",
    "unit_identifier": "Suite 570"
  },
  "lease_term": {
    "start_date": "2023-04-15",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2033-04-14"
  },
  "financial_terms": {
    "base_rent_initial": 8018.07,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-04-14",
        "increase_value": 3.53,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-04-14",
        "increase_value": 1.04,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-04-14",
        "increase_value": 4.73,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (8%)",
        "estimated_annual_cost": 1021.09
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 3838.07
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 9424.58
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 4178.71
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "All utility payments for the premises",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Signage must be approved by Lessor.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}