<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-PUT-2023-147

This serves as a summary of the commercial lease executed on 2023-06-17 between the Lessor, Carroll Inc, and Lessee, Gillespie LLC. The subject of this agreement is the Retail property at 42977 Kim Underpass, Suite 2425, Blaketon, Oregon 19295, comprising approximately 19,872 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 2023-06-19 and concluding on 2028-06-18. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $8,651.55, payable on a annually basis. The lease includes a structured rent escalation schedule, with the first increase of 8.86 $/sf taking effect on 2024-06-18. Additional rents include Management Fee (Pass-through), Common Area Utilities (Pro-rata share (14%)), Operating Expenses (CAM) (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Structural repairs to building exterior and roof; HVAC system maintenance and replacement. The Lessee's duties include: Pest control within the unit; Minor repairs to plumbing and electrical; All utility payments for the premises; 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: Permitted only to an affiliate entity with 30 days prior notice. 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 Kansas. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-PUT-2023-147",
  "document_date": "2023-06-17",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Carroll Inc",
      "entity_address": "62060 Randall Track Suite 992\nLake Michaelburgh, IN 54584",
      "contact_person": "Monique Lambert"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Gillespie LLC"
    }
  ],
  "property_details": {
    "property_address": "42977 Kim Underpass, Suite 2425, Blaketon, Oregon 19295",
    "square_footage": 19872,
    "property_type": "Retail",
    "unit_identifier": "Suite 2425"
  },
  "lease_term": {
    "start_date": "2023-06-19",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-06-18"
  },
  "financial_terms": {
    "base_rent_initial": 8651.55,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-06-18",
        "increase_value": 8.86,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-06-18",
        "increase_value": 5.41,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 5654.43
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (14%)",
        "estimated_annual_cost": 3568.02
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 2742.34
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Structural repairs to building exterior and roof",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical",
      "All utility payments for the premises",
      "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": true,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Kansas"
  }
}