<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-BALL-2022-716

This serves as a summary of the commercial lease executed on 2022-09-18 between the Lessor, Long and Sons, and Lessee, Lee and Sons. The subject of this agreement is the Retail property at 2860 Brown Trail Suite 268, Suite 1529, Alexisstad, Colorado 77586, comprising approximately 13,433 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 2023-01-06 and concluding on 2028-01-06. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $30,683.19, payable on a quarterly basis. The lease includes a structured rent escalation schedule, with the first increase of 8.59% taking effect on 2024-01-06. Additional rents include Real Estate Taxes (Pass-through), Common Area Utilities (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; HVAC system maintenance and replacement. The Lessee's duties include: Pest control within the unit; Janitorial services within leased premises; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. Premises to be used solely for general office purposes. No structural alterations without Lessor approval.

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 present in the agreement. Any potential disputes are to be resolved via Mediation followed by litigation in the State of Idaho. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-BALL-2022-716",
  "document_date": "2022-09-18",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Long and Sons",
      "entity_address": "788 Sarah Lake\nWest Michellemouth, OK 74344"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Lee and Sons",
      "entity_address": "5351 Gross Village\nLake Eric, RI 71292"
    }
  ],
  "property_details": {
    "property_address": "2860 Brown Trail Suite 268, Suite 1529, Alexisstad, Colorado 77586",
    "square_footage": 13433,
    "property_type": "Retail",
    "unit_identifier": "Suite 1529"
  },
  "lease_term": {
    "start_date": "2023-01-06",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-01-06"
  },
  "financial_terms": {
    "base_rent_initial": 30683.19,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-01-06",
        "increase_value": 8.59,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-01-05",
        "increase_value": 6.85,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-01-05",
        "increase_value": 7.13,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 4891.64
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 7981.4
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Janitorial services within leased premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Premises to be used solely for general office purposes.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Idaho"
  }
}