<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-DEFENSE-2023-810

This serves as a summary of the commercial lease executed on 2023-06-09 between the Lessor, Evans, Yang and Schultz, and Lessee, Stone, Montes and Cooper. The subject of this agreement is the Office property at 44715 Burke Crescent Apt. 888, Suite 1093, Port Elizabeth, Mississippi 49337, comprising approximately 14,076 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 2023-07-07 and concluding on 2026-07-06. The tenant holds 2 option(s) to renew, with the first being for a 24-month extension. To exercise this, a notice period of 270 days is required, with rent adjustment based on CPI Adjustment.

Financial obligations begin with an initial base rent of $26,663.19, payable on a monthly basis. A security deposit of $53,326.38 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.47 $/sf taking effect on 2024-07-06. Additional rents include Insurance (Pass-through), Management Fee (Pro-rata share (5%)).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Parking lot maintenance; Structural repairs to building exterior and roof. The Lessee's duties include: Pest control within the unit; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. 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 notably absent 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-DEFENSE-2023-810",
  "document_date": "2023-06-09",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Evans, Yang and Schultz",
      "entity_address": "374 Ann Vista Suite 126\nAlexandraborough, AS 28614",
      "contact_person": "Rebecca Meza"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Stone, Montes and Cooper",
      "entity_address": "17166 Gonzalez Point Apt. 754\nNorth Deborahstad, VA 14915"
    }
  ],
  "property_details": {
    "property_address": "44715 Burke Crescent Apt. 888, Suite 1093, Port Elizabeth, Mississippi 49337",
    "square_footage": 14076,
    "property_type": "Office",
    "unit_identifier": "Suite 1093"
  },
  "lease_term": {
    "start_date": "2023-07-07",
    "term_duration_months": 36,
    "renewal_options": [
      {
        "option_number": 1,
        "renewal_period_months": 24,
        "notice_period_days": 270,
        "rent_escalation_method": "CPI Adjustment"
      },
      {
        "option_number": 2,
        "renewal_period_months": 60,
        "notice_period_days": 365,
        "rent_escalation_method": "Fixed Percentage"
      }
    ],
    "end_date": "2026-07-06"
  },
  "financial_terms": {
    "base_rent_initial": 26663.19,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-07-06",
        "increase_value": 6.47,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-07-06",
        "increase_value": 1.23,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1005.78
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (5%)"
      }
    ],
    "security_deposit_amount": 53326.38
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Parking lot maintenance",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}