<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-SIMILAR-2023-935

This serves as a summary of the commercial lease executed on 2023-09-21 between the Lessor, Burns-Rich, and Lessee, Barber, Herrera and Myers. The subject of this agreement is the Retail property at 393 Gonzales Wells, Suite 160, Nicolemouth, Missouri 25494, comprising approximately 20,414 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 2024-02-23 and concluding on 2029-02-22. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $1,133.63, payable on a annually basis. A security deposit of $1,133.63 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 9.36% taking effect on 2025-02-22. Additional rents include Real Estate Taxes (Pass-through), Management Fee (Pro-rata share (7%)), Common Area Utilities (Pro-rata share (4%)), Common Area Utilities (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; HVAC system maintenance and replacement; Common area maintenance (CAM). The Lessee's duties include: 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. 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: 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 New Catherine. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-SIMILAR-2023-935",
  "document_date": "2023-09-21",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Burns-Rich",
      "contact_person": "Diana Maynard"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Barber, Herrera and Myers",
      "entity_address": "954 Mayo Via Suite 812\nPort Matthew, ME 29820"
    }
  ],
  "property_details": {
    "property_address": "393 Gonzales Wells, Suite 160, Nicolemouth, Missouri 25494",
    "square_footage": 20414,
    "property_type": "Retail",
    "unit_identifier": "Suite 160"
  },
  "lease_term": {
    "start_date": "2024-02-23",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2029-02-22"
  },
  "financial_terms": {
    "base_rent_initial": 1133.63,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-02-22",
        "increase_value": 9.36,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-02-22",
        "increase_value": 8.4,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2027-02-22",
        "increase_value": 7.71,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2028-02-22",
        "increase_value": 6.52,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 5651.11
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (7%)",
        "estimated_annual_cost": 6909.35
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (4%)",
        "estimated_annual_cost": 5084.65
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 3402.72
      }
    ],
    "security_deposit_amount": 1133.63
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "HVAC system maintenance and replacement",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "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": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Binding arbitration in New Catherine"
  }
}