<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-HEAR-2024-342

This serves as a summary of the commercial lease executed on 2024-06-25 between the Lessor, Meyer Ltd, and Lessee, Woods LLC. The subject of this agreement is the Industrial property at 4011 Yang Via, Suite 157, Caseyville, Mississippi 14753, comprising approximately 12,479 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 84 months, commencing on 2024-12-18 and concluding on 2031-12-18. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $4,164.23, payable on a monthly basis. The lease includes a structured rent escalation schedule, with the first increase of 7.58 $/sf taking effect on 2025-12-18. Additional rents include Insurance (Fixed annual contribution), Common Area Utilities (Pro-rata share (14%)), Management Fee (Pro-rata share (8%)), Insurance (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Parking lot maintenance. The Lessee's duties include: Pest control within the unit; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. Signage must be approved by Lessor. No structural alterations without Lessor approval.

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-HEAR-2024-342",
  "document_date": "2024-06-25",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Meyer Ltd",
      "entity_address": "189 Davis Harbors\nEast Leslie, NC 74306"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Woods LLC",
      "entity_address": "957 Mercado Lodge Apt. 791\nSalasmouth, RI 49022"
    }
  ],
  "property_details": {
    "property_address": "4011 Yang Via, Suite 157, Caseyville, Mississippi 14753",
    "square_footage": 12479,
    "property_type": "Industrial",
    "unit_identifier": "Suite 157"
  },
  "lease_term": {
    "start_date": "2024-12-18",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2031-12-18"
  },
  "financial_terms": {
    "base_rent_initial": 4164.23,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-12-18",
        "increase_value": 7.58,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-12-18",
        "increase_value": 9.29,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-12-18",
        "increase_value": 4.78,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 1951.55
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (14%)",
        "estimated_annual_cost": 2022.51
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (8%)"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2926.04
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Signage must be approved by Lessor.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice."
  }
}