<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-THESE-2023-134

This serves as a summary of the commercial lease executed on 2023-03-10 between the Lessor, Bell-Liu, and Lessee, Griffin, Cunningham and Moore. The subject of this agreement is the Warehouse property at 03081 Green Cliffs, Suite 1358, North Jamiemouth, Arizona 56484, comprising approximately 6,213 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 2023-08-15. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $47,034.45, payable on a annually basis. The lease includes a structured rent escalation schedule, with the first increase of 0.94% taking effect on 2024-08-14. Additional rents include Common Area Utilities (Pro-rata share (5%)), Insurance (Pro-rata share (14%)).

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

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 notably absent in the agreement.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-THESE-2023-134",
  "document_date": "2023-03-10",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Bell-Liu",
      "entity_address": "85159 Beverly Mountains Apt. 121\nPort Michaelburgh, OK 97825",
      "contact_person": "Holly Reynolds"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Griffin, Cunningham and Moore",
      "entity_address": "31045 Erin Estate Suite 173\nKellieland, SC 32502"
    }
  ],
  "property_details": {
    "property_address": "03081 Green Cliffs, Suite 1358, North Jamiemouth, Arizona 56484",
    "square_footage": 6213,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 1358"
  },
  "lease_term": {
    "start_date": "2023-08-15",
    "term_duration_months": 72,
    "renewal_options": []
  },
  "financial_terms": {
    "base_rent_initial": 47034.45,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-08-14",
        "increase_value": 0.94,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-08-14",
        "increase_value": 6.1,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-08-14",
        "increase_value": 2.75,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-08-14",
        "increase_value": 8.61,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (5%)",
        "estimated_annual_cost": 9246.8
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (14%)",
        "estimated_annual_cost": 4168.84
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "No structural alterations without Lessor approval.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld."
  }
}