<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-DOOR-2022-442

This serves as a summary of the commercial lease executed on 2022-09-11 between the Lessor, Ross and Sons, and Lessee, Johnson, Copeland and Burnett. The subject of this agreement is the Retail property at 315 Burns Valley Suite 566, Suite 177, Stephenview, South Carolina 56512, comprising approximately 20,382 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 72 months, commencing on 2023-02-08 and concluding on 2029-02-07. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $19,183.39, payable on a quarterly basis. The lease includes a structured rent escalation schedule, with the first increase of 8.94% taking effect on 2024-02-08. Additional rents include Real Estate Taxes (Pro-rata share (7%)), Operating Expenses (CAM) (Pass-through), Insurance (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; HVAC system maintenance and replacement; Parking lot maintenance. The Lessee's duties include: All utility payments for the premises; Pest control within the unit; Minor repairs to plumbing and electrical; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: Premises to be used solely for general office purposes. 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-DOOR-2022-442",
  "document_date": "2022-09-11",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Ross and Sons",
      "entity_address": "89475 Amy Fork Suite 454\nPotterton, NE 17180"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Johnson, Copeland and Burnett",
      "entity_address": "1493 Mcmahon Shore\nNatalieburgh, IN 70447"
    }
  ],
  "property_details": {
    "property_address": "315 Burns Valley Suite 566, Suite 177, Stephenview, South Carolina 56512",
    "square_footage": 20382,
    "property_type": "Retail",
    "unit_identifier": "Suite 177"
  },
  "lease_term": {
    "start_date": "2023-02-08",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2029-02-07"
  },
  "financial_terms": {
    "base_rent_initial": 19183.39,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-02-08",
        "increase_value": 8.94,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-02-07",
        "increase_value": 6.67,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (7%)",
        "estimated_annual_cost": 3368.9
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 9322.04
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "HVAC system maintenance and replacement",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "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."
  }
}