<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-SON-2023-519

This serves as a summary of the commercial lease executed on 2023-05-24 between the Lessor, Franklin-Walker, and Lessee, Thompson Group. The subject of this agreement is the Office property at 273 Robert Locks Suite 798, Suite 2109, New Jamie, New Hampshire 12530, comprising approximately 22,883 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 2023-08-13 and concluding on 2029-08-12. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $67,091.59, payable on a monthly basis. The lease includes a structured rent escalation schedule, with the first increase of 6.74% taking effect on 2024-08-12. Additional rents include Common Area Utilities (Pass-through), Management Fee (Pass-through), Common Area Utilities (Pro-rata share (5%)), Real Estate Taxes (Pass-through).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Common area maintenance (CAM); Parking lot maintenance. The Lessee's duties include: Interior non-structural maintenance; Minor repairs to plumbing and electrical; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. 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 only to an affiliate entity with 30 days prior notice. A force majeure clause is notably absent in the agreement.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-SON-2023-519",
  "document_date": "2023-05-24",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Franklin-Walker",
      "entity_address": "Unit 2556 Box 1710\nDPO AA 33334",
      "contact_person": "Nicholas Christensen"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Thompson Group",
      "entity_address": "6662 Turner Fords\nPaigeside, CT 70619"
    }
  ],
  "property_details": {
    "property_address": "273 Robert Locks Suite 798, Suite 2109, New Jamie, New Hampshire 12530",
    "square_footage": 22883,
    "property_type": "Office",
    "unit_identifier": "Suite 2109"
  },
  "lease_term": {
    "start_date": "2023-08-13",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2029-08-12"
  },
  "financial_terms": {
    "base_rent_initial": 67091.59,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-08-12",
        "increase_value": 6.74,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-08-12",
        "increase_value": 4.88,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-08-12",
        "increase_value": 1.86,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-08-12",
        "increase_value": 3.9,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 4137.7
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 2424.95
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (5%)",
        "estimated_annual_cost": 2841.33
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through"
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Common area maintenance (CAM)",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Minor repairs to plumbing and electrical",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice."
  }
}