<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-UP-2022-635

This serves as a summary of the commercial lease executed on 2022-11-16 between the Lessor, Clark LLC, and Lessee, Blair, Long and Anderson. The subject of this agreement is the Retail property at 550 Williams Haven, Suite 1081, Longville, Illinois 12371, comprising approximately 3,385 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 2022-12-29 and concluding on 2032-12-28. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $2,408.85, payable on a monthly basis. A security deposit of $4,817.70 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 4.85 $/sf taking effect on 2023-12-29. Additional rents include Operating Expenses (CAM) (Fixed annual contribution), Insurance (Fixed annual contribution), Management Fee (Pro-rata share (8%)), Operating Expenses (CAM) (Pro-rata share (9%)).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Parking lot maintenance. The Lessee's duties include: Janitorial services within leased premises; Interior non-structural maintenance; All utility payments for the premises; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. Premises to be used solely for general office purposes. No hazardous materials permitted on the premises without prior written consent.

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 present in the agreement. Any potential disputes are to be resolved via Mediation followed by litigation in the State of Missouri. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-UP-2022-635",
  "document_date": "2022-11-16",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Clark LLC",
      "contact_person": "Mitchell Dunn"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Blair, Long and Anderson"
    }
  ],
  "property_details": {
    "property_address": "550 Williams Haven, Suite 1081, Longville, Illinois 12371",
    "square_footage": 3385,
    "property_type": "Retail",
    "unit_identifier": "Suite 1081"
  },
  "lease_term": {
    "start_date": "2022-12-29",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2032-12-28"
  },
  "financial_terms": {
    "base_rent_initial": 2408.85,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2023-12-29",
        "increase_value": 4.85,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-12-28",
        "increase_value": 8.87,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (8%)",
        "estimated_annual_cost": 7550.71
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (9%)",
        "estimated_annual_cost": 7027.83
      }
    ],
    "security_deposit_amount": 4817.7
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Interior non-structural maintenance",
      "All utility payments for the premises",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Premises to be used solely for general office purposes.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Missouri"
  }
}