<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-GENERAL-2023-915

This serves as a summary of the commercial lease executed on 2023-04-09 between the Lessor, Freeman-Torres, and Lessee, Clark, Gonzalez and Wright. The subject of this agreement is the Industrial property at 3749 Donovan Grove Apt. 079, Suite 1217, Lake Wandafurt, Georgia 09566, comprising approximately 21,270 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 60 months, commencing on 2023-06-08 and concluding on 2028-06-07. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $76,250.60, payable on a quarterly basis. A security deposit of $76,250.60 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.14 $/sf taking effect on 2024-06-07. Additional rents include Common Area Utilities (Pro-rata share (10%)), Common Area Utilities (Pass-through), Common Area Utilities (Fixed annual contribution), Real Estate Taxes (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: All utility payments for the premises; Interior non-structural maintenance; Minor repairs to plumbing and electrical. 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.

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 Litigation in the jurisdiction of the property location.. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-GENERAL-2023-915",
  "document_date": "2023-04-09",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Freeman-Torres",
      "entity_address": "881 Jessica Oval Suite 923\nEast Heatherfort, VT 23165",
      "contact_person": "Albert Forbes"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Clark, Gonzalez and Wright",
      "entity_address": "USNS Cardenas\nFPO AP 09110"
    }
  ],
  "property_details": {
    "property_address": "3749 Donovan Grove Apt. 079, Suite 1217, Lake Wandafurt, Georgia 09566",
    "square_footage": 21270,
    "property_type": "Industrial",
    "unit_identifier": "Suite 1217"
  },
  "lease_term": {
    "start_date": "2023-06-08",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-06-07"
  },
  "financial_terms": {
    "base_rent_initial": 76250.6,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-06-07",
        "increase_value": 6.14,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-06-07",
        "increase_value": 9.93,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (10%)",
        "estimated_annual_cost": 2788.21
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 9954.81
      }
    ],
    "security_deposit_amount": 76250.6
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Interior non-structural maintenance",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Signage must be approved by Lessor."
  ],
  "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": "Litigation in the jurisdiction of the property location."
  }
}