<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-AGO-2024-965

This serves as a summary of the commercial lease executed on 2024-08-01 between the Lessor, Erickson Inc, and Lessee, Clark, Miller and Johnson. The subject of this agreement is the Warehouse property at 552 Richard Roads, Suite 1531, Seanfort, Mississippi 07048, comprising approximately 11,791 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 2024-10-29. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $5,614.59, payable on a annually basis. A security deposit of $5,614.59 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 4.36 $/sf taking effect on 2025-10-29. Additional rents include Operating Expenses (CAM) (Pass-through), Insurance (Fixed annual contribution), Management Fee (Pro-rata share (7%)).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Parking lot maintenance. The Lessee's duties include: Interior non-structural maintenance; Pest control within the unit; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. Business operations restricted to 8:00 AM to 10:00 PM. Signage must be approved by Lessor.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Requires prior written consent from Lessor, not to be unreasonably withheld. 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 Vermont. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-AGO-2024-965",
  "document_date": "2024-08-01",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Erickson Inc",
      "entity_address": "599 Shannon Streets\nSouth Margaret, WA 86984",
      "contact_person": "Marie Davies"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Clark, Miller and Johnson"
    }
  ],
  "property_details": {
    "property_address": "552 Richard Roads, Suite 1531, Seanfort, Mississippi 07048",
    "square_footage": 11791,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 1531"
  },
  "lease_term": {
    "start_date": "2024-10-29",
    "term_duration_months": 84,
    "renewal_options": []
  },
  "financial_terms": {
    "base_rent_initial": 5614.59,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-10-29",
        "increase_value": 4.36,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-10-29",
        "increase_value": 8.47,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 8777.81
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 1058.05
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (7%)",
        "estimated_annual_cost": 3182.75
      }
    ],
    "security_deposit_amount": 5614.59
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Pest control within the unit",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Vermont"
  }
}