<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-TRADE-2024-734

This serves as a summary of the commercial lease executed on 2024-03-28 between the Lessor, Silva, Reed and Brown, and Lessee, Gaines-Brooks. The subject of this agreement is the Retail property at 6331 Smith Square, Suite 636, East Danielbury, West Virginia 30688, comprising approximately 19,142 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 2024-06-22 and concluding on 2027-06-22. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $42,319.65, payable on a quarterly basis. The lease includes a structured rent escalation schedule, with the first increase of 9.42% taking effect on 2025-06-22. Additional rents include Real Estate Taxes (Pass-through), Management Fee (Fixed annual contribution), Common Area Utilities (Fixed annual contribution), Real Estate Taxes (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Landscaping and snow removal; HVAC system maintenance and replacement. The Lessee's duties include: Janitorial services within leased premises; Interior non-structural maintenance; All utility payments for the premises; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. No structural alterations without Lessor approval.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Strictly prohibited under all circumstances. A force majeure clause is notably absent in the agreement. Any potential disputes are to be resolved via Binding arbitration in Kennethbury. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-TRADE-2024-734",
  "document_date": "2024-03-28",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Silva, Reed and Brown",
      "entity_address": "1716 Taylor Estate\nPort Benjamin, WA 98603",
      "contact_person": "Scott Shields"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Gaines-Brooks",
      "entity_address": "264 Mary Expressway\nMathewsfurt, AL 91212"
    }
  ],
  "property_details": {
    "property_address": "6331 Smith Square, Suite 636, East Danielbury, West Virginia 30688",
    "square_footage": 19142,
    "property_type": "Retail",
    "unit_identifier": "Suite 636"
  },
  "lease_term": {
    "start_date": "2024-06-22",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2027-06-22"
  },
  "financial_terms": {
    "base_rent_initial": 42319.65,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-06-22",
        "increase_value": 9.42,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-06-22",
        "increase_value": 6.31,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-06-22",
        "increase_value": 2.14,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 5685.48
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 6914.62
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1577.82
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Landscaping and snow removal",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Interior non-structural maintenance",
      "All utility payments for the premises",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Binding arbitration in Kennethbury"
  }
}