<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-WATER-2023-448

This serves as a summary of the commercial lease executed on 2023-09-24 between the Lessor, Adams and Sons, and Lessee, Clark, Gates and Williams. The subject of this agreement is the Retail property at 13917 Philip Centers Suite 227, Suite 1149, Lake Jason, Nevada 71676, comprising approximately 8,624 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 2023-10-15 and concluding on 2028-10-14. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $7,735.10, payable on a quarterly basis. A security deposit of $15,470.20 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.97 $/sf taking effect on 2024-10-14. Additional rents include Management Fee (Pro-rata share (15%)), Insurance (Pro-rata share (11%)).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Parking lot maintenance; Structural repairs to building exterior and roof. The Lessee's duties include: Pest control within the unit; Interior non-structural maintenance; 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. 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 present in the agreement.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-WATER-2023-448",
  "document_date": "2023-09-24",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Adams and Sons",
      "entity_address": "PSC 1284, Box 7499\nAPO AA 95135",
      "contact_person": "Scott Hawkins"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Clark, Gates and Williams",
      "entity_address": "894 Mendez Underpass Suite 830\nJavierburgh, MP 04241"
    }
  ],
  "property_details": {
    "property_address": "13917 Philip Centers Suite 227, Suite 1149, Lake Jason, Nevada 71676",
    "square_footage": 8624,
    "property_type": "Retail",
    "unit_identifier": "Suite 1149"
  },
  "lease_term": {
    "start_date": "2023-10-15",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-10-14"
  },
  "financial_terms": {
    "base_rent_initial": 7735.1,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-10-14",
        "increase_value": 6.97,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-10-14",
        "increase_value": 7.33,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (15%)"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (11%)"
      }
    ],
    "security_deposit_amount": 15470.2
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Parking lot maintenance",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Interior non-structural maintenance",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld."
  }
}