<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-ALONE-2024-461

This serves as a summary of the commercial lease executed on 2024-02-18 between the Lessor, Hernandez-Randolph, and Lessee, Schultz LLC. The subject of this agreement is the Industrial property at 8261 Thomas Plains Apt. 425, Suite 2122, Jenniferview, Washington 91544, comprising approximately 17,468 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 2024-07-16 and concluding on 2031-07-16. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $76,015.25, payable on a quarterly basis. The lease includes a structured rent escalation schedule, with the first increase of 5.19 $/sf taking effect on 2025-07-16. Additional rents include Insurance (Pass-through), Management Fee (Pass-through), Common Area Utilities (Pro-rata share (6%)), Operating Expenses (CAM) (Pro-rata share (12%)).

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: Janitorial services within leased premises; 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 structural alterations without Lessor approval. Premises to be used solely for general office purposes.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Strictly prohibited under all circumstances. A force majeure clause is notably absent in the agreement. Any potential disputes are to be resolved via Litigation in the jurisdiction of the property location.. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-ALONE-2024-461",
  "document_date": "2024-02-18",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Hernandez-Randolph",
      "entity_address": "55034 Jeremiah Lakes\nSawyerchester, OH 77362"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Schultz LLC",
      "entity_address": "0572 Kristen Meadow Apt. 056\nEast Linda, MH 55755"
    }
  ],
  "property_details": {
    "property_address": "8261 Thomas Plains Apt. 425, Suite 2122, Jenniferview, Washington 91544",
    "square_footage": 17468,
    "property_type": "Industrial",
    "unit_identifier": "Suite 2122"
  },
  "lease_term": {
    "start_date": "2024-07-16",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2031-07-16"
  },
  "financial_terms": {
    "base_rent_initial": 76015.25,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-07-16",
        "increase_value": 5.19,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-07-16",
        "increase_value": 7.83,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2027-07-16",
        "increase_value": 4.06,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 3181.32
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 3482.09
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (6%)",
        "estimated_annual_cost": 8183.14
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (12%)",
        "estimated_annual_cost": 6627.02
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Parking lot maintenance",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "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 structural alterations without Lessor approval.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}