<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-JOIN-2023-597

This serves as a summary of the commercial lease executed on 2023-10-22 between the Lessor, Schneider-Davenport, and Lessee, Reed and Sons. The subject of this agreement is the Warehouse property at 13303 Kim Skyway, Suite 1360, Archerfort, Louisiana 97984, comprising approximately 9,298 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 60 months, commencing on 2024-04-04 and concluding on 2029-04-04. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $82,341.48, payable on a annually basis. A security deposit of $164,682.96 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 9.0% taking effect on 2025-04-04. Additional rents include Management Fee (Pro-rata share (10%)), Insurance (Pro-rata share (5%)).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Parking lot maintenance; Common area maintenance (CAM). The Lessee's duties include: Pest control within the unit; Janitorial services within leased premises; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: Premises to be used solely for general office purposes. No structural alterations without Lessor approval.

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 Mediation followed by litigation in the State of Missouri. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-JOIN-2023-597",
  "document_date": "2023-10-22",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Schneider-Davenport",
      "contact_person": "Michael Brown"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Reed and Sons"
    }
  ],
  "property_details": {
    "property_address": "13303 Kim Skyway, Suite 1360, Archerfort, Louisiana 97984",
    "square_footage": 9298,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 1360"
  },
  "lease_term": {
    "start_date": "2024-04-04",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2029-04-04"
  },
  "financial_terms": {
    "base_rent_initial": 82341.48,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-04-04",
        "increase_value": 9.0,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-04-04",
        "increase_value": 6.99,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-04-04",
        "increase_value": 7.43,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (10%)",
        "estimated_annual_cost": 6035.01
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (5%)"
      }
    ],
    "security_deposit_amount": 164682.96
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Parking lot maintenance",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Janitorial services within leased premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Missouri"
  }
}