<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-SCIENTIST-2023-863

This serves as a summary of the commercial lease executed on 2023-06-13 between the Lessor, Long Inc, and Lessee, Wilkerson, Allen and Rodriguez. The subject of this agreement is the Industrial property at 28173 Obrien Passage, Suite 2343, Emilyshire, Oklahoma 34757, comprising approximately 2,918 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 2023-10-26 and concluding on 2026-10-25. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $9,690.92, payable on a quarterly basis. A security deposit of $9,690.92 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.17 $/sf taking effect on 2024-10-25. Additional rents include Operating Expenses (CAM) (Pass-through), Common Area Utilities (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Common area maintenance (CAM). The Lessee's duties include: All utility payments for the premises; Interior non-structural maintenance; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. No structural alterations without Lessor approval. Premises to be used solely for general office purposes.

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. Any potential disputes are to be resolved via Binding arbitration in Martinezfurt. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-SCIENTIST-2023-863",
  "document_date": "2023-06-13",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Long Inc",
      "entity_address": "73178 Peter Port\nNew Rebekahberg, DC 67729"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Wilkerson, Allen and Rodriguez",
      "entity_address": "415 Mills Drive\nHughesborough, NM 37006"
    }
  ],
  "property_details": {
    "property_address": "28173 Obrien Passage, Suite 2343, Emilyshire, Oklahoma 34757",
    "square_footage": 2918,
    "property_type": "Industrial",
    "unit_identifier": "Suite 2343"
  },
  "lease_term": {
    "start_date": "2023-10-26",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2026-10-25"
  },
  "financial_terms": {
    "base_rent_initial": 9690.92,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-10-25",
        "increase_value": 6.17,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-10-25",
        "increase_value": 3.56,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-10-25",
        "increase_value": 8.84,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 7943.98
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through"
      }
    ],
    "security_deposit_amount": 9690.92
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Interior non-structural maintenance",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "No structural alterations without Lessor approval.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Binding arbitration in Martinezfurt"
  }
}