<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-COUNTRY-2023-253

This serves as a summary of the commercial lease executed on 2023-05-31 between the Lessor, Morrow PLC, and Lessee, Gutierrez LLC. The subject of this agreement is the Industrial property at 859 Rhonda Vista, Suite 876, North Brianberg, Delaware 67014, comprising approximately 3,301 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 2023-08-31 and concluding on 2026-08-30. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $55,496.19, payable on a annually basis. A security deposit of $110,992.38 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.9 $/sf taking effect on 2024-08-30. Additional rents include Operating Expenses (CAM) (Fixed annual contribution), Insurance (Fixed annual contribution), Management Fee (Fixed annual contribution), Real Estate Taxes (Pro-rata share (8%)).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: Interior non-structural maintenance; All utility payments for the premises; Pest control within the unit; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: 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: Strictly prohibited under all circumstances. A force majeure clause is present in the agreement. Any potential disputes are to be resolved via Binding arbitration in Philipport. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-COUNTRY-2023-253",
  "document_date": "2023-05-31",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Morrow PLC",
      "entity_address": "92680 Roberts Throughway Suite 096\nHannahstad, FL 43017"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Gutierrez LLC",
      "entity_address": "458 Kimberly Flat\nLake Paulmouth, AK 06792"
    }
  ],
  "property_details": {
    "property_address": "859 Rhonda Vista, Suite 876, North Brianberg, Delaware 67014",
    "square_footage": 3301,
    "property_type": "Industrial",
    "unit_identifier": "Suite 876"
  },
  "lease_term": {
    "start_date": "2023-08-31",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2026-08-30"
  },
  "financial_terms": {
    "base_rent_initial": 55496.19,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-08-30",
        "increase_value": 8.9,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-08-30",
        "increase_value": 4.49,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 7508.52
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 1352.25
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (8%)",
        "estimated_annual_cost": 6822.13
      }
    ],
    "security_deposit_amount": 110992.38
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "All utility payments for the premises",
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "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": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Binding arbitration in Philipport"
  }
}