<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-NEWSPAPER-2022-401

This serves as a summary of the commercial lease executed on 2022-10-26 between the Lessor, David Inc, and Lessee, Ballard, Gonzalez and Camacho. The subject of this agreement is the Industrial property at 556 Flores Shores Suite 528, Suite 2462, Hernandezborough, Kentucky 45279, comprising approximately 9,888 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 2023-03-05 and concluding on 2028-03-04. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $75,717.51, payable on a monthly basis. A security deposit of $75,717.51 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.91% taking effect on 2024-03-04. Additional rents include Operating Expenses (CAM) (Pro-rata share (12%)), Operating Expenses (CAM) (Pro-rata share (7%)).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Parking lot maintenance. The Lessee's duties include: All utility payments for the premises; Interior non-structural maintenance; Janitorial services within leased premises; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. Signage must be approved by Lessor. 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 Mississippi. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-NEWSPAPER-2022-401",
  "document_date": "2022-10-26",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "David Inc",
      "entity_address": "47868 Brown Mission\nLake Anthony, VT 64023",
      "contact_person": "Rebecca Martinez"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Ballard, Gonzalez and Camacho",
      "entity_address": "101 Ho Heights\nNew Chad, TX 28075"
    }
  ],
  "property_details": {
    "property_address": "556 Flores Shores Suite 528, Suite 2462, Hernandezborough, Kentucky 45279",
    "square_footage": 9888,
    "property_type": "Industrial",
    "unit_identifier": "Suite 2462"
  },
  "lease_term": {
    "start_date": "2023-03-05",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-03-04"
  },
  "financial_terms": {
    "base_rent_initial": 75717.51,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-03-04",
        "increase_value": 6.91,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-03-04",
        "increase_value": 6.72,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (12%)"
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (7%)"
      }
    ],
    "security_deposit_amount": 75717.51
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Interior non-structural maintenance",
      "Janitorial services within leased premises",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Signage must be approved by Lessor.",
    "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 Mississippi"
  }
}