<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-EXPERIENCE-2023-624

This serves as a summary of the commercial lease executed on 2023-01-14 between the Lessor, Swanson, Williams and White, and Lessee, Jenkins Group. The subject of this agreement is the Office property at 058 Brown Gateway Suite 364, Suite 2124, Ashleyport, West Virginia 22509, comprising approximately 16,836 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 2023-01-22 and concluding on 2026-01-21. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $4,912.09, payable on a annually basis. A security deposit of $4,912.09 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 2.93 $/sf taking effect on 2024-01-22. Additional rents include Operating Expenses (CAM) (Pro-rata share (14%)), Insurance (Pro-rata share (4%)).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Common area maintenance (CAM); Parking lot maintenance. The Lessee's duties include: All utility payments for the premises; Interior non-structural maintenance. 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. No structural alterations without Lessor approval.

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 California. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-EXPERIENCE-2023-624",
  "document_date": "2023-01-14",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Swanson, Williams and White"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Jenkins Group",
      "entity_address": "660 Anthony Branch\nGillespieburgh, IL 46112"
    }
  ],
  "property_details": {
    "property_address": "058 Brown Gateway Suite 364, Suite 2124, Ashleyport, West Virginia 22509",
    "square_footage": 16836,
    "property_type": "Office",
    "unit_identifier": "Suite 2124"
  },
  "lease_term": {
    "start_date": "2023-01-22",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2026-01-21"
  },
  "financial_terms": {
    "base_rent_initial": 4912.09,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-01-22",
        "increase_value": 2.93,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-01-21",
        "increase_value": 9.1,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-01-21",
        "increase_value": 5.61,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (14%)",
        "estimated_annual_cost": 5672.66
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (4%)",
        "estimated_annual_cost": 3222.05
      }
    ],
    "security_deposit_amount": 4912.09
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Common area maintenance (CAM)",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Premises to be used solely for general office purposes.",
    "No structural alterations without Lessor approval."
  ],
  "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 California"
  }
}