<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-LETTER-2023-778

This serves as a summary of the commercial lease executed on 2023-09-05 between the Lessor, Flores, Cannon and Bartlett, and Lessee, James-Thompson. The subject of this agreement is the Warehouse property at 1682 Ellison Crossing, Suite 1639, New Kurttown, Nevada 11643, comprising approximately 18,247 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 2024-02-24 and concluding on 2029-02-23. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $33,262.05, payable on a quarterly basis. A security deposit of $33,262.05 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.82% taking effect on 2025-02-23. Additional rents include Management Fee (Pro-rata share (13%)), Operating Expenses (CAM) (Pro-rata share (4%)), Real Estate Taxes (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: Interior non-structural maintenance; Pest control within the unit; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: Premises to be used solely for general office purposes. No hazardous materials permitted on the premises without prior written consent. Business operations restricted to 8:00 AM to 10:00 PM.

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. Any potential disputes are to be resolved via Binding arbitration in Lake Erinside. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-LETTER-2023-778",
  "document_date": "2023-09-05",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Flores, Cannon and Bartlett",
      "entity_address": "94177 Anderson Falls Suite 049\nPort Kristen, MS 87749",
      "contact_person": "John Stanley"
    },
    {
      "party_type": "Lessee",
      "entity_name": "James-Thompson",
      "entity_address": "10629 Timothy Causeway\nNorth Jane, MD 75625"
    }
  ],
  "property_details": {
    "property_address": "1682 Ellison Crossing, Suite 1639, New Kurttown, Nevada 11643",
    "square_footage": 18247,
    "property_type": "Warehouse"
  },
  "lease_term": {
    "start_date": "2024-02-24",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2029-02-23"
  },
  "financial_terms": {
    "base_rent_initial": 33262.05,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-02-23",
        "increase_value": 6.82,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-02-23",
        "increase_value": 4.41,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (13%)",
        "estimated_annual_cost": 1851.4
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (4%)",
        "estimated_annual_cost": 7365.15
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution"
      }
    ],
    "security_deposit_amount": 33262.05
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Pest control within the unit",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "No hazardous materials permitted on the premises without prior written consent.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Binding arbitration in Lake Erinside"
  }
}