<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-PHYSICAL-2022-687

This serves as a summary of the commercial lease executed on 2022-09-04 between the Lessor, Bell-Fuller, and Lessee, Lyons, Williams and Nichols. The subject of this agreement is the Office property at 7698 Patrick Junction, Suite 1947, Matthewville, Maryland 68564, comprising approximately 13,455 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 2023-02-09 and concluding on 2028-02-09. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $7,544.48, payable on a monthly basis. A security deposit of $15,088.96 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 2.27 $/sf taking effect on 2024-02-09. Additional rents include Real Estate Taxes (Pass-through), Common Area Utilities (Pro-rata share (9%)), Real Estate Taxes (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Common area maintenance (CAM). The Lessee's duties include: Janitorial services within leased premises; All utility payments for the premises; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. No hazardous materials permitted on the premises without prior written consent. Signage must be approved by Lessor.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Requires prior written consent from Lessor, not to be unreasonably withheld. A force majeure clause is present in the agreement. Any potential disputes are to be resolved via Litigation in the jurisdiction of the property location.. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-PHYSICAL-2022-687",
  "document_date": "2022-09-04",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Bell-Fuller",
      "entity_address": "717 Lisa Spring\nNorth Carlfort, GU 31281",
      "contact_person": "Sandra Evans"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Lyons, Williams and Nichols",
      "entity_address": "37405 Sarah Inlet\nWest Shane, PA 87660"
    }
  ],
  "property_details": {
    "property_address": "7698 Patrick Junction, Suite 1947, Matthewville, Maryland 68564",
    "square_footage": 13455,
    "property_type": "Office"
  },
  "lease_term": {
    "start_date": "2023-02-09",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-02-09"
  },
  "financial_terms": {
    "base_rent_initial": 7544.48,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-02-09",
        "increase_value": 2.27,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-02-08",
        "increase_value": 1.25,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-02-08",
        "increase_value": 3.19,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2027-02-08",
        "increase_value": 7.74,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (9%)"
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 7352.56
      }
    ],
    "security_deposit_amount": 15088.96
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "All utility payments for the premises",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "No hazardous materials permitted on the premises without prior written consent.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}