<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-BEYOND-2023-670

This serves as a summary of the commercial lease executed on 2023-09-01 between the Lessor, Williams Ltd, and Lessee, Kerr-Dominguez. The subject of this agreement is the Office property at 32478 Megan Station, Suite 1879, Joshuafurt, Washington 44591, comprising approximately 9,736 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 2023-10-05 and concluding on 2026-10-04. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $61,352.17, payable on a monthly basis. A security deposit of $122,704.34 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.3% taking effect on 2024-10-04. Additional rents include Operating Expenses (CAM) (Fixed annual contribution), Insurance (Pro-rata share (2%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Structural repairs to building exterior and roof; Common area maintenance (CAM). The Lessee's duties include: Pest control within the unit; Minor repairs to plumbing and electrical; Interior non-structural maintenance; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. 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 notably absent in the agreement. Any potential disputes are to be resolved via Mediation followed by litigation in the State of Louisiana. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-BEYOND-2023-670",
  "document_date": "2023-09-01",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Williams Ltd",
      "entity_address": "13764 Howell Crossing\nNew Coltonview, LA 50994",
      "contact_person": "Keith Miller"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Kerr-Dominguez",
      "entity_address": "Unit 4240 Box 9048\nDPO AE 74315"
    }
  ],
  "property_details": {
    "property_address": "32478 Megan Station, Suite 1879, Joshuafurt, Washington 44591",
    "square_footage": 9736,
    "property_type": "Office",
    "unit_identifier": "Suite 1879"
  },
  "lease_term": {
    "start_date": "2023-10-05",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2026-10-04"
  },
  "financial_terms": {
    "base_rent_initial": 61352.17,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-10-04",
        "increase_value": 6.3,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-10-04",
        "increase_value": 7.96,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-10-04",
        "increase_value": 7.48,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-10-04",
        "increase_value": 8.09,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 7924.56
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (2%)",
        "estimated_annual_cost": 7226.24
      }
    ],
    "security_deposit_amount": 122704.34
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Structural repairs to building exterior and roof",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical",
      "Interior non-structural maintenance",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Louisiana"
  }
}