<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-AND-2023-853

This serves as a summary of the commercial lease executed on 2023-06-09 between the Lessor, Finley Inc, and Lessee, Berry-Mcmillan. The subject of this agreement is the Warehouse property at 7406 Clark Shore Apt. 765, Suite 365, Harringtonview, Missouri 29448, comprising approximately 2,612 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 2023-09-23 and concluding on 2030-09-22. The tenant holds 1 option(s) to renew, with the first being for a 60-month extension. To exercise this, a notice period of 270 days is required, with rent adjustment based on Fixed Percentage.

Financial obligations begin with an initial base rent of $77,283.92, payable on a quarterly basis. A security deposit of $77,283.92 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 5.3 $/sf taking effect on 2024-09-22. Additional rents include Real Estate Taxes (Pro-rata share (10%)), Real Estate Taxes (Pro-rata share (12%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Common area maintenance (CAM). The Lessee's duties include: Janitorial services within leased premises; Pest control within the unit; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. Signage must be approved by Lessor.

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 notably absent in the agreement. Any potential disputes are to be resolved via Binding arbitration in Kellerstad. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-AND-2023-853",
  "document_date": "2023-06-09",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Finley Inc",
      "entity_address": "69657 Thomas Streets\nTaylorton, ID 16145",
      "contact_person": "Thomas Mullins"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Berry-Mcmillan",
      "entity_address": "9413 Melissa Drive Suite 077\nLake Sheilaville, PR 06628"
    }
  ],
  "property_details": {
    "property_address": "7406 Clark Shore Apt. 765, Suite 365, Harringtonview, Missouri 29448",
    "square_footage": 2612,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 365"
  },
  "lease_term": {
    "start_date": "2023-09-23",
    "term_duration_months": 84,
    "renewal_options": [
      {
        "option_number": 1,
        "renewal_period_months": 60,
        "notice_period_days": 270,
        "rent_escalation_method": "Fixed Percentage"
      }
    ],
    "end_date": "2030-09-22"
  },
  "financial_terms": {
    "base_rent_initial": 77283.92,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-09-22",
        "increase_value": 5.3,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-09-22",
        "increase_value": 8.23,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-09-22",
        "increase_value": 1.91,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (10%)",
        "estimated_annual_cost": 9381.5
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (12%)"
      }
    ],
    "security_deposit_amount": 77283.92
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause.",
    "dispute_resolution_method": "Binding arbitration in Kellerstad"
  }
}