<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-MOMENT-2023-173

This serves as a summary of the commercial lease executed on 2023-05-19 between the Lessor, Cochran-Clark, and Lessee, Jackson-Landry. The subject of this agreement is the Office property at 5233 Stewart Crossroad Suite 504, Suite 418, East Samuel, Maine 80775, comprising approximately 20,939 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 2023-09-27 and concluding on 2026-09-26. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $52,798.26, payable on a annually basis. A security deposit of $52,798.26 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 3.73 $/sf taking effect on 2024-09-26. Additional rents include Operating Expenses (CAM) (Pass-through), Common Area Utilities (Pro-rata share (15%)), Insurance (Pro-rata share (7%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: Pest control within the unit; Interior non-structural maintenance; Minor repairs to plumbing and electrical; Janitorial services within leased premises. 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. No hazardous materials permitted on the premises without prior written consent.

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-MOMENT-2023-173",
  "document_date": "2023-05-19",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Cochran-Clark",
      "entity_address": "269 Lawson Walks\nMaxwellside, GU 29069",
      "contact_person": "Timothy Green"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Jackson-Landry",
      "entity_address": "954 Deborah Lights Apt. 762\nLeahfurt, ND 10155"
    }
  ],
  "property_details": {
    "property_address": "5233 Stewart Crossroad Suite 504, Suite 418, East Samuel, Maine 80775",
    "square_footage": 20939,
    "property_type": "Office",
    "unit_identifier": "Suite 418"
  },
  "lease_term": {
    "start_date": "2023-09-27",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2026-09-26"
  },
  "financial_terms": {
    "base_rent_initial": 52798.26,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-09-26",
        "increase_value": 3.73,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-09-26",
        "increase_value": 4.51,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-09-26",
        "increase_value": 2.31,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1424.59
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (15%)",
        "estimated_annual_cost": 6056.46
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (7%)"
      }
    ],
    "security_deposit_amount": 52798.26
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Interior non-structural maintenance",
      "Minor repairs to plumbing and electrical",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld."
  }
}