<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-WEEK-2023-489

This serves as a summary of the commercial lease executed on 2023-01-01 between the Lessor, Snyder Inc, and Lessee, Grant, Moore and Santiago. The subject of this agreement is the Warehouse property at 50997 Olivia Pass, Suite 351, Port Michelle, Ohio 06812, comprising approximately 17,323 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 60 months, commencing on 2023-04-24 and concluding on 2028-04-23. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $5,980.14, payable on a annually basis. A security deposit of $11,960.28 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.44% taking effect on 2024-04-23. Additional rents include Common Area Utilities (Pro-rata share (9%)), Management Fee (Pass-through), Insurance (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; HVAC system maintenance and replacement. The Lessee's duties include: Janitorial services within leased premises; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. Signage must be approved by Lessor.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Strictly prohibited under all circumstances. A force majeure clause is present in the agreement. Any potential disputes are to be resolved via Mediation followed by litigation in the State of Colorado. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-WEEK-2023-489",
  "document_date": "2023-01-01",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Snyder Inc",
      "entity_address": "PSC 5271, Box 5833\nAPO AP 86657",
      "contact_person": "Elizabeth Pena"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Grant, Moore and Santiago",
      "entity_address": "39405 Luke Underpass\nLarsonbury, ID 39603"
    }
  ],
  "property_details": {
    "property_address": "50997 Olivia Pass, Suite 351, Port Michelle, Ohio 06812",
    "square_footage": 17323,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 351"
  },
  "lease_term": {
    "start_date": "2023-04-24",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-04-23"
  },
  "financial_terms": {
    "base_rent_initial": 5980.14,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-04-23",
        "increase_value": 6.44,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-04-23",
        "increase_value": 5.95,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (9%)",
        "estimated_annual_cost": 6112.59
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 9309.81
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution"
      }
    ],
    "security_deposit_amount": 11960.28
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Colorado"
  }
}