<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-MONTH-2023-753

This serves as a summary of the commercial lease executed on 2023-01-23 between the Lessor, Rodriguez, Cox and Moore, and Lessee, Hays, Perry and Miranda. The subject of this agreement is the Warehouse property at 217 Jonathan Walks, Suite 1032, Port John, Iowa 36799, comprising approximately 20,422 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 2023-02-27 and concluding on 2028-02-27. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $4,547.04, payable on a quarterly basis. The lease includes a structured rent escalation schedule, with the first increase of 4.98% taking effect on 2024-02-27. Additional rents include Operating Expenses (CAM) (Pass-through), Common Area Utilities (Pass-through), Insurance (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Landscaping and snow removal. The Lessee's duties include: All utility payments for the premises; Pest control within the unit; Janitorial services within leased premises; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. Premises to be used solely for general office purposes. No hazardous materials permitted on the premises without prior written consent.

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 notably absent in the agreement. Any potential disputes are to be resolved via Binding arbitration in Joshuashire. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-MONTH-2023-753",
  "document_date": "2023-01-23",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Rodriguez, Cox and Moore",
      "entity_address": "8376 Edwards Ports Apt. 917\nNorth Lisa, WV 05745",
      "contact_person": "Brandon Carlson"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Hays, Perry and Miranda",
      "entity_address": "7126 Willie Fields Apt. 225\nLake Jeremy, UT 54467"
    }
  ],
  "property_details": {
    "property_address": "217 Jonathan Walks, Suite 1032, Port John, Iowa 36799",
    "square_footage": 20422,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 1032"
  },
  "lease_term": {
    "start_date": "2023-02-27",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-02-27"
  },
  "financial_terms": {
    "base_rent_initial": 4547.04,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-02-27",
        "increase_value": 4.98,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-02-26",
        "increase_value": 2.48,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-02-26",
        "increase_value": 5.59,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2027-02-26",
        "increase_value": 8.32,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 6152.87
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 9316.33
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution"
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Pest control within the unit",
      "Janitorial services within leased premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Premises to be used solely for general office purposes.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Binding arbitration in Joshuashire"
  }
}