<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-ECONOMIC-2023-635

This serves as a summary of the commercial lease executed on 2023-06-19 between the Lessor, Macdonald Group, and Lessee, Ford, Ingram and Brooks. The subject of this agreement is the Retail property at 512 Sosa Ville Apt. 891, Suite 1724, Port Michaelland, Alaska 44386, comprising approximately 24,205 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 2023-08-18 and concluding on 2029-08-17. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $5,325.62, payable on a quarterly basis. A security deposit of $5,325.62 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 4.2% taking effect on 2024-08-17. Additional rents include Operating Expenses (CAM) (Fixed annual contribution), Operating Expenses (CAM) (Pro-rata share (7%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: Interior non-structural maintenance; Janitorial services within leased premises; Pest control within the unit; 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. 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 present in the agreement.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-ECONOMIC-2023-635",
  "document_date": "2023-06-19",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Macdonald Group",
      "entity_address": "20539 Brown Mountains Suite 898\nHunterville, NM 45553",
      "contact_person": "Victoria Dunn"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Ford, Ingram and Brooks",
      "entity_address": "73167 Jennifer Valley\nSouth Dawnberg, KS 76337"
    }
  ],
  "property_details": {
    "property_address": "512 Sosa Ville Apt. 891, Suite 1724, Port Michaelland, Alaska 44386",
    "square_footage": 24205,
    "property_type": "Retail",
    "unit_identifier": "Suite 1724"
  },
  "lease_term": {
    "start_date": "2023-08-18",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2029-08-17"
  },
  "financial_terms": {
    "base_rent_initial": 5325.62,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-08-17",
        "increase_value": 4.2,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-08-17",
        "increase_value": 7.27,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-08-17",
        "increase_value": 8.3,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2027-08-17",
        "increase_value": 1.99,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2805.82
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (7%)",
        "estimated_annual_cost": 3521.18
      }
    ],
    "security_deposit_amount": 5325.62
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Janitorial services within leased premises",
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice."
  }
}