<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-RAISE-2024-469

This serves as a summary of the commercial lease executed on 2024-06-05 between the Lessor, Woodward, Hernandez and Bailey, and Lessee, Ramirez-May. The subject of this agreement is the Industrial property at 311 Nathan Turnpike, Suite 599, Annafurt, Montana 34479, comprising approximately 14,042 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 2024-06-19 and concluding on 2031-06-19. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $34,430.59, payable on a monthly basis. The lease includes a structured rent escalation schedule, with the first increase of 3.89 $/sf taking effect on 2025-06-19. Additional rents include Common Area Utilities (Fixed annual contribution), Common Area Utilities (Pro-rata share (8%)), Insurance (Pro-rata share (9%)).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Common area maintenance (CAM); Structural repairs to building exterior and roof. The Lessee's duties include: Janitorial services within leased premises; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. 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: Strictly prohibited under all circumstances. A force majeure clause is present 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-RAISE-2024-469",
  "document_date": "2024-06-05",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Woodward, Hernandez and Bailey",
      "entity_address": "10744 Tom Fields\nNorth Bethanyland, FL 02315",
      "contact_person": "David Santiago"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Ramirez-May",
      "entity_address": "177 Marie Circles\nSamanthaville, NH 94674"
    }
  ],
  "property_details": {
    "property_address": "311 Nathan Turnpike, Suite 599, Annafurt, Montana 34479",
    "square_footage": 14042,
    "property_type": "Industrial",
    "unit_identifier": "Suite 599"
  },
  "lease_term": {
    "start_date": "2024-06-19",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2031-06-19"
  },
  "financial_terms": {
    "base_rent_initial": 34430.59,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-06-19",
        "increase_value": 3.89,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-06-19",
        "increase_value": 7.75,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (8%)",
        "estimated_annual_cost": 9364.64
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (9%)"
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Common area maintenance (CAM)",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "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": true,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}