<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-STOCK-2024-275

This serves as a summary of the commercial lease executed on 2024-05-07 between the Lessor, Gonzalez, Hunt and Ford, and Lessee, Fields, Rasmussen and Wyatt. The subject of this agreement is the Warehouse property at 19052 David Prairie Suite 551, Suite 1043, Alexanderfurt, Tennessee 11745, comprising approximately 5,784 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 2024-05-30 and concluding on 2029-05-30. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $6,649.30, payable on a quarterly basis. A security deposit of $6,649.30 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 1.54 $/sf taking effect on 2025-05-30. Additional rents include Real Estate Taxes (Pro-rata share (8%)), Common Area Utilities (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); HVAC system maintenance and replacement. The Lessee's duties include: Interior non-structural maintenance; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. Signage must be approved by Lessor.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Strictly prohibited under all circumstances. 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-STOCK-2024-275",
  "document_date": "2024-05-07",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Gonzalez, Hunt and Ford",
      "entity_address": "8650 Martinez Forest\nSouth James, WA 10291",
      "contact_person": "Lauren Padilla"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Fields, Rasmussen and Wyatt",
      "entity_address": "6508 Contreras Estate Apt. 133\nSouth Lisa, IN 20082"
    }
  ],
  "property_details": {
    "property_address": "19052 David Prairie Suite 551, Suite 1043, Alexanderfurt, Tennessee 11745",
    "square_footage": 5784,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 1043"
  },
  "lease_term": {
    "start_date": "2024-05-30",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2029-05-30"
  },
  "financial_terms": {
    "base_rent_initial": 6649.3,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-05-30",
        "increase_value": 1.54,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-05-30",
        "increase_value": 6.19,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-05-30",
        "increase_value": 9.85,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (8%)",
        "estimated_annual_cost": 1387.17
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 1093.84
      }
    ],
    "security_deposit_amount": 6649.3
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances."
  }
}