<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-NATIONAL-2024-187

This serves as a summary of the commercial lease executed on 2024-01-11 between the Lessor, Martin-Holden, and Lessee, Mccann, Williams and Nelson. The subject of this agreement is the Industrial property at 9097 Steele Plaza Apt. 933, Suite 1340, New Zacharystad, Washington 32152, comprising approximately 20,708 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 2024-03-22 and concluding on 2030-03-22. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $41,034.16, payable on a annually basis. The lease includes a structured rent escalation schedule, with the first increase of 0.17% taking effect on 2025-03-22. Additional rents include Management Fee (Pro-rata share (2%)), Common Area Utilities (Pro-rata share (5%)), Real Estate Taxes (Fixed annual contribution), Operating Expenses (CAM) (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Parking lot maintenance. The Lessee's duties include: Pest control within the unit; All utility payments for the 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. 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.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-NATIONAL-2024-187",
  "document_date": "2024-01-11",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Martin-Holden",
      "contact_person": "Donna Herrera"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Mccann, Williams and Nelson",
      "entity_address": "06432 Brown Bypass\nLake Russellstad, RI 60896"
    }
  ],
  "property_details": {
    "property_address": "9097 Steele Plaza Apt. 933, Suite 1340, New Zacharystad, Washington 32152",
    "square_footage": 20708,
    "property_type": "Industrial",
    "unit_identifier": "Suite 1340"
  },
  "lease_term": {
    "start_date": "2024-03-22",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2030-03-22"
  },
  "financial_terms": {
    "base_rent_initial": 41034.16,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-03-22",
        "increase_value": 0.17,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-03-22",
        "increase_value": 6.33,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (2%)",
        "estimated_annual_cost": 6374.76
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (5%)"
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 8656.01
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution"
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "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."
  }
}