<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-CHARGE-2024-814

This serves as a summary of the commercial lease executed on 2024-06-26 between the Lessor, Hutchinson Ltd, and Lessee, Bauer Ltd. The subject of this agreement is the Office property at 3295 Brown Trace Suite 345, Suite 2453, Pricechester, Ohio 71317, comprising approximately 14,938 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 36 months, commencing on 2024-10-03 and concluding on 2027-10-03. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $74,481.43, payable on a quarterly basis. A security deposit of $74,481.43 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.27 $/sf taking effect on 2025-10-03. Additional rents include Common Area Utilities (Fixed annual contribution), Common Area Utilities (Pass-through), Common Area Utilities (Fixed annual contribution), Real Estate Taxes (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Structural repairs to building exterior and roof. The Lessee's duties include: Interior non-structural maintenance; Minor repairs to plumbing and electrical; All utility payments for the premises; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. No structural alterations without Lessor approval. Signage must be approved by Lessor.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Requires prior written consent from Lessor, not to be unreasonably withheld. 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 West Virginia. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-CHARGE-2024-814",
  "document_date": "2024-06-26",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Hutchinson Ltd"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Bauer Ltd",
      "entity_address": "PSC 0529, Box 5704\nAPO AE 91730"
    }
  ],
  "property_details": {
    "property_address": "3295 Brown Trace Suite 345, Suite 2453, Pricechester, Ohio 71317",
    "square_footage": 14938,
    "property_type": "Office",
    "unit_identifier": "Suite 2453"
  },
  "lease_term": {
    "start_date": "2024-10-03",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2027-10-03"
  },
  "financial_terms": {
    "base_rent_initial": 74481.43,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-10-03",
        "increase_value": 8.27,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-10-03",
        "increase_value": 1.89,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-10-03",
        "increase_value": 6.79,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4265.83
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1109.18
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4763.28
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 5359.29
      }
    ],
    "security_deposit_amount": 74481.43
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Minor repairs to plumbing and electrical",
      "All utility payments for the premises",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "No structural alterations without Lessor approval.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of West Virginia"
  }
}