<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-CHANCE-2024-431

This serves as a summary of the commercial lease executed on 2024-05-13 between the Lessor, Horton, Hansen and Glenn, and Lessee, Brown-Taylor. The subject of this agreement is the Industrial property at 39569 Deborah Isle Apt. 790, Suite 2097, Bellmouth, Vermont 73487, comprising approximately 7,145 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 2024-05-18 and concluding on 2029-05-18. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $94,824.84, payable on a quarterly basis. A security deposit of $94,824.84 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.26% taking effect on 2025-05-18. Additional rents include Management Fee (Fixed annual contribution), Insurance (Fixed annual contribution), Insurance (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Landscaping and snow removal; Parking lot maintenance. The Lessee's duties include: Janitorial services within leased premises; Minor repairs to plumbing and electrical; Pest control within the unit; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. No hazardous materials permitted on the premises without prior written consent. Signage must be approved by Lessor.

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 Wisconsin. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-CHANCE-2024-431",
  "document_date": "2024-05-13",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Horton, Hansen and Glenn",
      "contact_person": "Caleb Cisneros"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Brown-Taylor",
      "entity_address": "04927 Eric Mount Apt. 882\nNorth Brad, DE 17404"
    }
  ],
  "property_details": {
    "property_address": "39569 Deborah Isle Apt. 790, Suite 2097, Bellmouth, Vermont 73487",
    "square_footage": 7145,
    "property_type": "Industrial"
  },
  "lease_term": {
    "start_date": "2024-05-18",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2029-05-18"
  },
  "financial_terms": {
    "base_rent_initial": 94824.84,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-05-18",
        "increase_value": 8.26,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-05-18",
        "increase_value": 8.4,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 5853.15
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution"
      }
    ],
    "security_deposit_amount": 94824.84
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Landscaping and snow removal",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Minor repairs to plumbing and electrical",
      "Pest control within the unit",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "No hazardous materials permitted on the premises without prior written consent.",
    "Signage must be approved by Lessor."
  ],
  "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 Wisconsin"
  }
}