<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-ACTUALLY-2023-828

This serves as a summary of the commercial lease executed on 2023-01-04 between the Lessor, Flores and Sons, and Lessee, Perez, Williams and Brewer. The subject of this agreement is the Retail property at 663 Nicole Junction, Suite 2229, North Christineton, Texas 75859, comprising approximately 23,399 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 2023-06-16 and concluding on 2026-06-15. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $3,681.42, payable on a quarterly basis. A security deposit of $7,362.84 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 0.77% taking effect on 2024-06-15. Additional rents include Common Area Utilities (Fixed annual contribution), Real Estate Taxes (Pro-rata share (9%)), Management Fee (Pro-rata share (9%)), Real Estate Taxes (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Landscaping and snow removal. The Lessee's duties include: Interior non-structural maintenance; Pest control within the unit; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. Premises to be used solely for general office purposes. 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 notably absent in the agreement.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-ACTUALLY-2023-828",
  "document_date": "2023-01-04",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Flores and Sons",
      "entity_address": "7843 Felicia Landing Apt. 137\nLake Jared, AK 18794",
      "contact_person": "Rachel Guerrero"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Perez, Williams and Brewer"
    }
  ],
  "property_details": {
    "property_address": "663 Nicole Junction, Suite 2229, North Christineton, Texas 75859",
    "square_footage": 23399,
    "property_type": "Retail",
    "unit_identifier": "Suite 2229"
  },
  "lease_term": {
    "start_date": "2023-06-16",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2026-06-15"
  },
  "financial_terms": {
    "base_rent_initial": 3681.42,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-06-15",
        "increase_value": 0.77,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-06-15",
        "increase_value": 4.66,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2794.08
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (9%)"
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (9%)"
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 9367.18
      }
    ],
    "security_deposit_amount": 7362.84
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Pest control within the unit",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Premises to be used solely for general office purposes.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice."
  }
}