<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-HISTORY-2024-757

This serves as a summary of the commercial lease executed on 2024-08-01 between the Lessor, Mcguire-Roy, and Lessee, Tyler, Valentine and Duran. The subject of this agreement is the Warehouse property at 4122 Mary Mountain, Suite 2380, South Sabrina, Nebraska 95817, comprising approximately 3,581 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 72 months, commencing on 2025-01-16 and concluding on 2031-01-16. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $9,395.69, payable on a annually basis. A security deposit of $9,395.69 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 2.93 $/sf taking effect on 2026-01-16. Additional rents include Real Estate Taxes (Pro-rata share (15%)), Common Area Utilities (Pro-rata share (11%)), Management Fee (Pro-rata share (10%)), Real Estate Taxes (Fixed annual contribution).

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: Minor repairs to plumbing and electrical; Pest control within the unit; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. No hazardous materials permitted on the premises without prior written consent. 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, subject to Lessor's right of first refusal and a profit-sharing clause. A force majeure clause is present in the agreement. Any potential disputes are to be resolved via Mediation followed by litigation in the State of Arkansas. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-HISTORY-2024-757",
  "document_date": "2024-08-01",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Mcguire-Roy",
      "contact_person": "Jennifer Brown"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Tyler, Valentine and Duran",
      "entity_address": "10630 Miller Junctions\nRachelburgh, KS 20501"
    }
  ],
  "property_details": {
    "property_address": "4122 Mary Mountain, Suite 2380, South Sabrina, Nebraska 95817",
    "square_footage": 3581,
    "property_type": "Warehouse"
  },
  "lease_term": {
    "start_date": "2025-01-16",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2031-01-16"
  },
  "financial_terms": {
    "base_rent_initial": 9395.69,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-01-16",
        "increase_value": 2.93,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-01-16",
        "increase_value": 6.13,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2028-01-16",
        "increase_value": 8.61,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2029-01-15",
        "increase_value": 4.72,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (15%)"
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (11%)"
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (10%)",
        "estimated_annual_cost": 5788.98
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 3659.73
      }
    ],
    "security_deposit_amount": 9395.69
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "Pest control within the unit",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "No hazardous materials permitted on the premises without prior written consent.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Arkansas"
  }
}