<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-MAGAZINE-2022-960

This serves as a summary of the commercial lease executed on 2022-12-22 between the Lessor, Webb-Thompson, and Lessee, Franklin, Coleman and Camacho. The subject of this agreement is the Industrial property at 71510 Savage Ridge Apt. 124, Suite 2171, New Codychester, Indiana 33676, comprising approximately 7,809 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 36 months, commencing on 2023-05-08 and concluding on 2026-05-07. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $65,234.57, payable on a annually basis. The lease includes a structured rent escalation schedule, with the first increase of 5.6 $/sf taking effect on 2024-05-07. Additional rents include Management Fee (Fixed annual contribution), Real Estate Taxes (Pass-through), Management Fee (Pro-rata share (9%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Structural repairs to building exterior and roof. The Lessee's duties include: Janitorial services within leased premises; Pest control within the unit; Interior non-structural maintenance; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: 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: Strictly prohibited under all circumstances. A force majeure clause is present in the agreement. Any potential disputes are to be resolved via Binding arbitration in North Gregory. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-MAGAZINE-2022-960",
  "document_date": "2022-12-22",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Webb-Thompson",
      "contact_person": "Marvin Fernandez"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Franklin, Coleman and Camacho",
      "entity_address": "PSC 4317, Box 5020\nAPO AE 03746"
    }
  ],
  "property_details": {
    "property_address": "71510 Savage Ridge Apt. 124, Suite 2171, New Codychester, Indiana 33676",
    "square_footage": 7809,
    "property_type": "Industrial",
    "unit_identifier": "Suite 2171"
  },
  "lease_term": {
    "start_date": "2023-05-08",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2026-05-07"
  },
  "financial_terms": {
    "base_rent_initial": 65234.57,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-05-07",
        "increase_value": 5.6,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-05-07",
        "increase_value": 4.88,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2666.44
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 7618.53
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (9%)",
        "estimated_annual_cost": 6290.17
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Pest control within the unit",
      "Interior non-structural maintenance",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Binding arbitration in North Gregory"
  }
}