<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-AROUND-2022-728

This serves as a summary of the commercial lease executed on 2022-09-28 between the Lessor, Smith-Mcneil, and Lessee, Johnson, Moses and Gibson. The subject of this agreement is the Retail property at 4311 Landry Lodge, Suite 800, Huntshire, Maryland 25163, comprising approximately 7,653 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 84 months, commencing on 2022-11-30 and concluding on 2029-11-29. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $3,522.93, payable on a monthly basis. A security deposit of $7,045.86 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 2.84% taking effect on 2023-11-30. Additional rents include Real Estate Taxes (Fixed annual contribution), Common Area Utilities (Pass-through), Real Estate Taxes (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Parking lot maintenance. The Lessee's duties include: Interior non-structural maintenance; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. Signage must be approved by Lessor.

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 Binding arbitration in Rebeccaberg. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-AROUND-2022-728",
  "document_date": "2022-09-28",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Smith-Mcneil",
      "entity_address": "Unit 0087 Box 3590\nDPO AE 98870"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Johnson, Moses and Gibson",
      "entity_address": "567 Kenneth Summit Suite 819\nSuttonside, VI 27217"
    }
  ],
  "property_details": {
    "property_address": "4311 Landry Lodge, Suite 800, Huntshire, Maryland 25163",
    "square_footage": 7653,
    "property_type": "Retail"
  },
  "lease_term": {
    "start_date": "2022-11-30",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2029-11-29"
  },
  "financial_terms": {
    "base_rent_initial": 3522.93,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2023-11-30",
        "increase_value": 2.84,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-11-29",
        "increase_value": 4.36,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4977.24
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 4835.31
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through"
      }
    ],
    "security_deposit_amount": 7045.86
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Signage must be approved by Lessor."
  ],
  "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": "Binding arbitration in Rebeccaberg"
  }
}