<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-PRICE-2023-293

This serves as a summary of the commercial lease executed on 2023-07-19 between the Lessor, Arnold Group, and Lessee, Macdonald, Bryant and Webb. The subject of this agreement is the Industrial property at 529 Pugh Lakes, Suite 881, Robertborough, Montana 77887, comprising approximately 23,117 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 2023-12-26 and concluding on 2028-12-25. The tenant holds 2 option(s) to renew, with the first being for a 24-month extension. To exercise this, a notice period of 365 days is required, with rent adjustment based on CPI Adjustment.

Financial obligations begin with an initial base rent of $1,062.42, payable on a annually basis. A security deposit of $1,062.42 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 7.98 $/sf taking effect on 2024-12-25. Additional rents include Operating Expenses (CAM) (Pass-through), Insurance (Pro-rata share (13%)), Real Estate Taxes (Pro-rata share (9%)).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Common area maintenance (CAM). The Lessee's duties include: All utility payments for the premises; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: Premises to be used solely for general office purposes. Signage must be approved by Lessor.

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.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-PRICE-2023-293",
  "document_date": "2023-07-19",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Arnold Group",
      "entity_address": "39697 Phillips Lane Apt. 872\nBurtontown, NV 81423",
      "contact_person": "Justin Logan"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Macdonald, Bryant and Webb",
      "entity_address": "01991 Amber Loop Apt. 976\nZacharybury, ME 98368"
    }
  ],
  "property_details": {
    "property_address": "529 Pugh Lakes, Suite 881, Robertborough, Montana 77887",
    "square_footage": 23117,
    "property_type": "Industrial",
    "unit_identifier": "Suite 881"
  },
  "lease_term": {
    "start_date": "2023-12-26",
    "term_duration_months": 60,
    "renewal_options": [
      {
        "option_number": 1,
        "renewal_period_months": 24,
        "notice_period_days": 365,
        "rent_escalation_method": "CPI Adjustment"
      },
      {
        "option_number": 2,
        "renewal_period_months": 24,
        "notice_period_days": 365,
        "rent_escalation_method": "Fixed Percentage"
      }
    ],
    "end_date": "2028-12-25"
  },
  "financial_terms": {
    "base_rent_initial": 1062.42,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-12-25",
        "increase_value": 7.98,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-12-25",
        "increase_value": 8.12,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-12-25",
        "increase_value": 7.63,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 9245.4
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (13%)"
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (9%)",
        "estimated_annual_cost": 8162.46
      }
    ],
    "security_deposit_amount": 1062.42
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice."
  }
}