<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-KEY-2023-892

This serves as a summary of the commercial lease executed on 2023-05-10 between the Lessor, Gordon-Jacobs, and Lessee, Dennis, Jones and Frazier. The subject of this agreement is the Retail property at 95053 Miller Centers Suite 453, Suite 1548, Lopezfurt, Minnesota 09889, comprising approximately 20,982 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 120 months, commencing on 2023-06-04 and concluding on 2033-06-03. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $43,280.98, payable on a annually basis. A security deposit of $86,561.96 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 7.83% taking effect on 2024-06-03. Additional rents include Insurance (Pro-rata share (14%)), Management Fee (Pro-rata share (5%)), Management Fee (Pro-rata share (14%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; HVAC system maintenance and replacement. The Lessee's duties include: Pest control within the unit; All utility payments for the premises; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: 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 notably absent in the agreement. Any potential disputes are to be resolved via Binding arbitration in Schmidtmouth. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-KEY-2023-892",
  "document_date": "2023-05-10",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Gordon-Jacobs",
      "entity_address": "2422 Campbell Vista Suite 878\nPrattbury, KY 80368",
      "contact_person": "Adam Mejia"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Dennis, Jones and Frazier",
      "entity_address": "14000 Sarah Court\nRosalesbury, CO 61814"
    }
  ],
  "property_details": {
    "property_address": "95053 Miller Centers Suite 453, Suite 1548, Lopezfurt, Minnesota 09889",
    "square_footage": 20982,
    "property_type": "Retail",
    "unit_identifier": "Suite 1548"
  },
  "lease_term": {
    "start_date": "2023-06-04",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2033-06-03"
  },
  "financial_terms": {
    "base_rent_initial": 43280.98,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-06-03",
        "increase_value": 7.83,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-06-03",
        "increase_value": 2.19,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-06-03",
        "increase_value": 5.63,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (14%)"
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (5%)"
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (14%)",
        "estimated_annual_cost": 7064.47
      }
    ],
    "security_deposit_amount": 86561.96
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "All utility payments for the premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "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": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Binding arbitration in Schmidtmouth"
  }
}