<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-SOMEONE-2022-988

This serves as a summary of the commercial lease executed on 2022-09-16 between the Lessor, Hall Group, and Lessee, Harmon LLC. The subject of this agreement is the Industrial property at 7905 David Stravenue, Suite 1679, South Ericborough, Louisiana 45539, comprising approximately 18,561 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 72 months, commencing on 2023-01-30 and concluding on 2029-01-29. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $4,470.27, payable on a annually basis. A security deposit of $8,940.54 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 2.84 $/sf taking effect on 2024-01-30. Additional rents include Management Fee (Pass-through), Insurance (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Parking lot maintenance; Common area maintenance (CAM). The Lessee's duties include: Interior non-structural maintenance; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. No structural alterations without Lessor approval. No hazardous materials permitted on the premises without prior written consent.

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 Mediation followed by litigation in the State of Oregon. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-SOMEONE-2022-988",
  "document_date": "2022-09-16",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Hall Group",
      "entity_address": "962 Jeremy Wall Apt. 559\nTorreschester, WI 19288"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Harmon LLC",
      "entity_address": "978 Powell Meadows Apt. 058\nWest Lorimouth, VA 41978"
    }
  ],
  "property_details": {
    "property_address": "7905 David Stravenue, Suite 1679, South Ericborough, Louisiana 45539",
    "square_footage": 18561,
    "property_type": "Industrial",
    "unit_identifier": "Suite 1679"
  },
  "lease_term": {
    "start_date": "2023-01-30",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2029-01-29"
  },
  "financial_terms": {
    "base_rent_initial": 4470.27,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-01-30",
        "increase_value": 2.84,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-01-29",
        "increase_value": 7.67,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-01-29",
        "increase_value": 4.3,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 4299.73
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 3742.01
      }
    ],
    "security_deposit_amount": 8940.54
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Parking lot maintenance",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "No structural alterations without Lessor approval.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Oregon"
  }
}