<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-CIVIL-2023-722

This serves as a summary of the commercial lease executed on 2023-02-24 between the Lessor, Keller, Burns and Alexander, and Lessee, Myers-Johnston. The subject of this agreement is the Retail property at 49716 Rodriguez Prairie, Suite 2180, Port John, Kansas 48614, comprising approximately 2,437 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 2023-05-07 and concluding on 2029-05-06. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $1,306.10, payable on a annually basis. The lease includes a structured rent escalation schedule, with the first increase of 3.88 $/sf taking effect on 2024-05-06. Additional rents include Common Area Utilities (Pro-rata share (11%)), Common Area Utilities (Pro-rata share (11%)), Management Fee (Pro-rata share (3%)).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: Minor repairs to plumbing and electrical; Interior non-structural maintenance; Pest control within the unit; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: Premises to be used solely for general office purposes. No hazardous materials permitted on the premises without prior written consent. Business operations restricted to 8:00 AM to 10:00 PM.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Requires prior written consent from Lessor, not to be unreasonably withheld. 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-CIVIL-2023-722",
  "document_date": "2023-02-24",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Keller, Burns and Alexander",
      "entity_address": "333 Jackson Points Apt. 602\nWest Jeffreyshire, MT 31183",
      "contact_person": "Jose Patterson"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Myers-Johnston",
      "entity_address": "845 Church Heights\nPatrickhaven, MS 82843"
    }
  ],
  "property_details": {
    "property_address": "49716 Rodriguez Prairie, Suite 2180, Port John, Kansas 48614",
    "square_footage": 2437,
    "property_type": "Retail",
    "unit_identifier": "Suite 2180"
  },
  "lease_term": {
    "start_date": "2023-05-07",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2029-05-06"
  },
  "financial_terms": {
    "base_rent_initial": 1306.1,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-05-06",
        "increase_value": 3.88,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-05-06",
        "increase_value": 1.49,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (11%)"
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (11%)",
        "estimated_annual_cost": 6071.38
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (3%)",
        "estimated_annual_cost": 7751.74
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "Interior non-structural maintenance",
      "Pest control within the unit",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "No hazardous materials permitted on the premises without prior written consent.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld."
  }
}