<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-CONSUMER-2023-785

This serves as a summary of the commercial lease executed on 2023-08-17 between the Lessor, Fox Group, and Lessee, Miller, Jarvis and Hood. The subject of this agreement is the Retail property at 671 Lawrence Glen, Suite 1190, East Ericton, West Virginia 44835, comprising approximately 13,917 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 36 months, commencing on 2023-11-29 and concluding on 2026-11-28. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $14,466.24, payable on a monthly basis. A security deposit of $28,932.48 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 4.79% taking effect on 2024-11-28. Additional rents include Real Estate Taxes (Fixed annual contribution), Real Estate Taxes (Pro-rata share (9%)).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Common area maintenance (CAM); Parking lot maintenance. The Lessee's duties include: Janitorial services within leased premises; All utility payments for the 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. No structural alterations without Lessor approval. Business operations restricted to 8:00 AM to 10:00 PM.

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.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-CONSUMER-2023-785",
  "document_date": "2023-08-17",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Fox Group",
      "entity_address": "20599 Allen Forges\nSilvaborough, ND 09482"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Miller, Jarvis and Hood"
    }
  ],
  "property_details": {
    "property_address": "671 Lawrence Glen, Suite 1190, East Ericton, West Virginia 44835",
    "square_footage": 13917,
    "property_type": "Retail"
  },
  "lease_term": {
    "start_date": "2023-11-29",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2026-11-28"
  },
  "financial_terms": {
    "base_rent_initial": 14466.24,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-11-28",
        "increase_value": 4.79,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-11-28",
        "increase_value": 1.14,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-11-28",
        "increase_value": 3.48,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2303.06
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (9%)",
        "estimated_annual_cost": 9806.57
      }
    ],
    "security_deposit_amount": 28932.48
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Common area maintenance (CAM)",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "All utility payments for the 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.",
    "No structural alterations without Lessor approval.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause."
  }
}