<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-TRADE-2022-581

This serves as a summary of the commercial lease executed on 2022-08-22 between the Lessor, Lee, Knight and Roth, and Lessee, Hooper-Cunningham. The subject of this agreement is the Warehouse property at 88655 Mary Squares Apt. 732, Suite 510, Ellenfurt, Ohio 23943, comprising approximately 21,639 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 120 months, commencing on 2022-12-20 and concluding on 2032-12-19. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $78,180.53, payable on a monthly basis. The lease includes a structured rent escalation schedule, with the first increase of 5.91 $/sf taking effect on 2023-12-20. Additional rents include Common Area Utilities (Pro-rata share (15%)), Common Area Utilities (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; HVAC system maintenance and replacement. The Lessee's duties include: Interior non-structural maintenance; Minor repairs to plumbing and electrical; Pest control within the unit; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. Signage must be approved by Lessor. Business operations restricted to 8:00 AM to 10:00 PM.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Permitted only to an affiliate entity with 30 days prior notice. A force majeure clause is present in the agreement. Any potential disputes are to be resolved via Binding arbitration in South Melanieside. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-TRADE-2022-581",
  "document_date": "2022-08-22",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Lee, Knight and Roth",
      "entity_address": "71200 Kennedy Square Apt. 856\nEast Mitchell, KY 78023",
      "contact_person": "John Young"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Hooper-Cunningham"
    }
  ],
  "property_details": {
    "property_address": "88655 Mary Squares Apt. 732, Suite 510, Ellenfurt, Ohio 23943",
    "square_footage": 21639,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 510"
  },
  "lease_term": {
    "start_date": "2022-12-20",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2032-12-19"
  },
  "financial_terms": {
    "base_rent_initial": 78180.53,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2023-12-20",
        "increase_value": 5.91,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-12-19",
        "increase_value": 2.04,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-12-19",
        "increase_value": 5.62,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-12-19",
        "increase_value": 6.94,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (15%)",
        "estimated_annual_cost": 5540.39
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through"
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Minor repairs to plumbing and electrical",
      "Pest control within the unit",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Signage must be approved by Lessor.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Binding arbitration in South Melanieside"
  }
}