<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-PLACE-2023-143

This serves as a summary of the commercial lease executed on 2023-10-12 between the Lessor, Edwards Ltd, and Lessee, Farmer-Bell. The subject of this agreement is the Retail property at 11007 Benitez Forks Apt. 796, Suite 1662, Port Brandon, North Carolina 15451, comprising approximately 21,607 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 2023-10-12 and concluding on 2026-10-11. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $8,908.13, payable on a monthly basis. A security deposit of $8,908.13 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 9.48 $/sf taking effect on 2024-10-11. Additional rents include Common Area Utilities (Pro-rata share (2%)), Common Area Utilities (Pro-rata share (6%)).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Common area maintenance (CAM). The Lessee's duties include: Minor repairs to plumbing and electrical; Interior non-structural maintenance; Janitorial services within leased premises; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. 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. Any potential disputes are to be resolved via Binding arbitration in West Christopherville. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-PLACE-2023-143",
  "document_date": "2023-10-12",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Edwards Ltd",
      "entity_address": "7357 Miller Forks\nHaroldton, MN 25474"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Farmer-Bell",
      "entity_address": "610 Moore Harbors Apt. 983\nPort Joannaport, PR 22648"
    }
  ],
  "property_details": {
    "property_address": "11007 Benitez Forks Apt. 796, Suite 1662, Port Brandon, North Carolina 15451",
    "square_footage": 21607,
    "property_type": "Retail",
    "unit_identifier": "Suite 1662"
  },
  "lease_term": {
    "start_date": "2023-10-12",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2026-10-11"
  },
  "financial_terms": {
    "base_rent_initial": 8908.13,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-10-11",
        "increase_value": 9.48,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-10-11",
        "increase_value": 7.6,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-10-11",
        "increase_value": 8.75,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (2%)"
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (6%)",
        "estimated_annual_cost": 7683.09
      }
    ],
    "security_deposit_amount": 8908.13
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "Interior non-structural maintenance",
      "Janitorial services within leased premises",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "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.",
    "dispute_resolution_method": "Binding arbitration in West Christopherville"
  }
}