<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-GIVE-2024-977

This serves as a summary of the commercial lease executed on 2024-05-18 between the Lessor, Mueller-Miller, and Lessee, Brock PLC. The subject of this agreement is the Warehouse property at 81721 John Terrace, Suite 466, North Stevenberg, Rhode Island 00909, comprising approximately 10,644 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 2024-09-19 and concluding on 2031-09-19. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $79,064.35, payable on a quarterly basis. A security deposit of $158,128.70 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.05 $/sf taking effect on 2025-09-19. Additional rents include Management Fee (Fixed annual contribution), Operating Expenses (CAM) (Fixed annual contribution), Common Area Utilities (Pro-rata share (13%)).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Landscaping and snow removal; HVAC system maintenance and replacement. The Lessee's duties include: Interior non-structural maintenance; Janitorial services within leased premises; All utility payments for the premises; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. Business operations restricted to 8:00 AM to 10:00 PM. 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.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-GIVE-2024-977",
  "document_date": "2024-05-18",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Mueller-Miller",
      "entity_address": "Unit 5881 Box 2010\nDPO AP 56105",
      "contact_person": "Luis Rose"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Brock PLC",
      "entity_address": "953 Elizabeth Bypass Suite 027\nEast Dominicberg, TN 80586"
    }
  ],
  "property_details": {
    "property_address": "81721 John Terrace, Suite 466, North Stevenberg, Rhode Island 00909",
    "square_footage": 10644,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 466"
  },
  "lease_term": {
    "start_date": "2024-09-19",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2031-09-19"
  },
  "financial_terms": {
    "base_rent_initial": 79064.35,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-09-19",
        "increase_value": 8.05,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-09-19",
        "increase_value": 9.12,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-09-19",
        "increase_value": 8.91,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 9473.55
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 1695.82
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (13%)",
        "estimated_annual_cost": 8935.34
      }
    ],
    "security_deposit_amount": 158128.7
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Landscaping and snow removal",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Janitorial services within leased premises",
      "All utility payments for the premises",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "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."
  }
}