<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-QUITE-2024-813

This serves as a summary of the commercial lease executed on 2024-04-28 between the Lessor, Andersen-Farmer, and Lessee, Shaffer Ltd. The subject of this agreement is the Warehouse property at 4788 Joe Avenue, Suite 889, West Danielchester, Oregon 48647, comprising approximately 9,097 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 2024-07-01 and concluding on 2031-07-01. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $1,433.31, payable on a quarterly basis. The lease includes a structured rent escalation schedule, with the first increase of 1.38 $/sf taking effect on 2025-07-01. Additional rents include Management Fee (Fixed annual contribution), Operating Expenses (CAM) (Fixed annual contribution), Insurance (Pro-rata share (10%)).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; HVAC system maintenance and replacement; Parking lot maintenance. The Lessee's duties include: All utility payments for the premises; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. No hazardous materials permitted on the premises without prior written consent. Premises to be used solely for general office purposes.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Strictly prohibited under all circumstances. A force majeure clause is notably absent in the agreement. Any potential disputes are to be resolved via Mediation followed by litigation in the State of Nebraska. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-QUITE-2024-813",
  "document_date": "2024-04-28",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Andersen-Farmer",
      "entity_address": "160 Anthony Cove Suite 213\nPort Markborough, MS 80008",
      "contact_person": "Tonya Sanchez"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Shaffer Ltd",
      "entity_address": "7567 Diana Passage\nBeckmouth, MI 96757"
    }
  ],
  "property_details": {
    "property_address": "4788 Joe Avenue, Suite 889, West Danielchester, Oregon 48647",
    "square_footage": 9097,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 889"
  },
  "lease_term": {
    "start_date": "2024-07-01",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2031-07-01"
  },
  "financial_terms": {
    "base_rent_initial": 1433.31,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-07-01",
        "increase_value": 1.38,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-07-01",
        "increase_value": 5.2,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-07-01",
        "increase_value": 8.21,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4879.32
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4060.31
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (10%)",
        "estimated_annual_cost": 3556.41
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "HVAC system maintenance and replacement",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "No hazardous materials permitted on the premises without prior written consent.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Nebraska"
  }
}