<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-STAR-2023-240

This serves as a summary of the commercial lease executed on 2023-08-07 between the Lessor, Hansen, Sanchez and Brown, and Lessee, Torres and Sons. The subject of this agreement is the Warehouse property at 78604 Davis Shoals Apt. 682, Suite 1524, Weberfort, North Carolina 51028, comprising approximately 3,389 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 2023-11-19 and concluding on 2030-11-18. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $9,170.38, payable on a annually basis. The lease includes a structured rent escalation schedule, with the first increase of 4.27 $/sf taking effect on 2024-11-18. Additional rents include Operating Expenses (CAM) (Pass-through), Real Estate Taxes (Pro-rata share (11%)), Management Fee (Pass-through), Management Fee (Fixed annual contribution).

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; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. Signage must be approved by Lessor. No structural alterations without Lessor approval.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Permitted only to an affiliate entity with 30 days prior notice. A force majeure clause is notably absent in the agreement. Any potential disputes are to be resolved via Mediation followed by litigation in the State of Idaho. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-STAR-2023-240",
  "document_date": "2023-08-07",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Hansen, Sanchez and Brown",
      "entity_address": "3029 Shawn Hills Apt. 567\nSouth Markfort, OR 35480"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Torres and Sons"
    }
  ],
  "property_details": {
    "property_address": "78604 Davis Shoals Apt. 682, Suite 1524, Weberfort, North Carolina 51028",
    "square_footage": 3389,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 1524"
  },
  "lease_term": {
    "start_date": "2023-11-19",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2030-11-18"
  },
  "financial_terms": {
    "base_rent_initial": 9170.38,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-11-18",
        "increase_value": 4.27,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-11-18",
        "increase_value": 6.72,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-11-18",
        "increase_value": 3.92,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-11-18",
        "increase_value": 6.74,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 7796.27
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (11%)",
        "estimated_annual_cost": 1469.62
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution"
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Interior non-structural maintenance",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Signage must be approved by Lessor.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Idaho"
  }
}