<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-ORDER-2023-836

This serves as a summary of the commercial lease executed on 2023-03-13 between the Lessor, Erickson and Sons, and Lessee, Turner-Thompson. The subject of this agreement is the Retail property at 55742 Daniel Camp, Suite 1325, New Amandaview, California 60905, comprising approximately 8,958 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 72 months, commencing on 2023-08-22. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $6,815.41, payable on a annually basis. A security deposit of $6,815.41 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.2% taking effect on 2024-08-21. Additional rents include Operating Expenses (CAM) (Pro-rata share (9%)), Insurance (Pass-through), Operating Expenses (CAM) (Fixed annual contribution), Insurance (Pro-rata share (11%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: Janitorial services within leased premises; Interior non-structural maintenance; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. 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.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-ORDER-2023-836",
  "document_date": "2023-03-13",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Erickson and Sons",
      "contact_person": "Ricky Mccormick"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Turner-Thompson"
    }
  ],
  "property_details": {
    "property_address": "55742 Daniel Camp, Suite 1325, New Amandaview, California 60905",
    "square_footage": 8958,
    "property_type": "Retail"
  },
  "lease_term": {
    "start_date": "2023-08-22",
    "term_duration_months": 72,
    "renewal_options": []
  },
  "financial_terms": {
    "base_rent_initial": 6815.41,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-08-21",
        "increase_value": 8.2,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-08-21",
        "increase_value": 3.87,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-08-21",
        "increase_value": 6.67,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (9%)",
        "estimated_annual_cost": 5501.46
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (11%)"
      }
    ],
    "security_deposit_amount": 6815.41
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Interior non-structural maintenance",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances."
  }
}