<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-COURT-2023-461

This serves as a summary of the commercial lease executed on 2023-06-12 between the Lessor, Campbell, Dunn and Smith, and Lessee, Anderson Ltd. The subject of this agreement is the Warehouse property at 501 James Way Suite 785, Suite 1020, Harrisonton, Rhode Island 94659, comprising approximately 14,762 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 2023-10-14 and concluding on 2028-10-13. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $7,756.08, payable on a quarterly basis. A security deposit of $15,512.16 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.95% taking effect on 2024-10-13. Additional rents include Real Estate Taxes (Pro-rata share (15%)), Common Area Utilities (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Parking lot maintenance; Structural repairs to building exterior and roof. The Lessee's duties include: Pest control within the unit; Minor repairs to plumbing and electrical; Interior non-structural maintenance; All utility payments for the premises. 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. Premises to be used solely for general office purposes.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Strictly prohibited under all circumstances. 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 Alaska. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-COURT-2023-461",
  "document_date": "2023-06-12",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Campbell, Dunn and Smith",
      "entity_address": "38841 Knox Expressway Suite 748\nWest Anthonyton, ME 24278",
      "contact_person": "Derek Perkins"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Anderson Ltd"
    }
  ],
  "property_details": {
    "property_address": "501 James Way Suite 785, Suite 1020, Harrisonton, Rhode Island 94659",
    "square_footage": 14762,
    "property_type": "Warehouse"
  },
  "lease_term": {
    "start_date": "2023-10-14",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-10-13"
  },
  "financial_terms": {
    "base_rent_initial": 7756.08,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-10-13",
        "increase_value": 8.95,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-10-13",
        "increase_value": 5.61,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (15%)",
        "estimated_annual_cost": 9406.5
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution"
      }
    ],
    "security_deposit_amount": 15512.16
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Parking lot maintenance",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical",
      "Interior non-structural maintenance",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Signage must be approved by Lessor.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Alaska"
  }
}