<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-SPEECH-2023-453

This serves as a summary of the commercial lease executed on 2023-04-08 between the Lessor, Meyer-Moss, and Lessee, Carney-Williams. The subject of this agreement is the Industrial property at 2093 Margaret Course Apt. 370, Suite 231, New Kylechester, Massachusetts 50376, comprising approximately 12,176 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 2023-05-02. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $56,326.21, payable on a monthly basis. A security deposit of $56,326.21 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 3.54% taking effect on 2024-05-01. Additional rents include Operating Expenses (CAM) (Pro-rata share (10%)), Common Area Utilities (Pass-through), Common Area Utilities (Pro-rata share (7%)), Management Fee (Pro-rata share (6%)).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Parking lot maintenance; HVAC system maintenance and replacement. The Lessee's duties include: All utility payments for the premises; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: Premises to be used solely for general office purposes. Signage must be approved by Lessor. No hazardous materials permitted on the premises without prior written consent.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Permitted only to an affiliate entity with 30 days prior notice. A force majeure clause is notably absent in the agreement. Any potential disputes are to be resolved via Binding arbitration in Lake Vicki. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-SPEECH-2023-453",
  "document_date": "2023-04-08",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Meyer-Moss",
      "entity_address": "USNV Brown\nFPO AP 03039",
      "contact_person": "Lisa Davis"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Carney-Williams"
    }
  ],
  "property_details": {
    "property_address": "2093 Margaret Course Apt. 370, Suite 231, New Kylechester, Massachusetts 50376",
    "square_footage": 12176,
    "property_type": "Industrial"
  },
  "lease_term": {
    "start_date": "2023-05-02",
    "term_duration_months": 84,
    "renewal_options": []
  },
  "financial_terms": {
    "base_rent_initial": 56326.21,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-05-01",
        "increase_value": 3.54,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-05-01",
        "increase_value": 0.18,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (10%)",
        "estimated_annual_cost": 9970.54
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (7%)",
        "estimated_annual_cost": 8706.36
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (6%)",
        "estimated_annual_cost": 8630.3
      }
    ],
    "security_deposit_amount": 56326.21
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Parking lot maintenance",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "Signage must be approved by Lessor.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Binding arbitration in Lake Vicki"
  }
}