<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-TRY-2023-143

This serves as a summary of the commercial lease executed on 2023-11-21 between the Lessor, Jackson-Downs, and Lessee, Smith, Jackson and Johnson. The subject of this agreement is the Office property at 12238 Matthew Orchard, Suite 1766, Lake Monica, Massachusetts 49498, comprising approximately 11,543 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 2024-02-13 and concluding on 2029-02-12. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $1,541.89, payable on a monthly basis. A security deposit of $1,541.89 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 9.22% taking effect on 2025-02-12. Additional rents include Real Estate Taxes (Fixed annual contribution), Common Area Utilities (Pro-rata share (6%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Common area maintenance (CAM); Landscaping and snow removal. The Lessee's duties include: Interior non-structural maintenance; Janitorial services within leased premises; Pest control within the unit; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. 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 Priceville. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-TRY-2023-143",
  "document_date": "2023-11-21",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Jackson-Downs",
      "entity_address": "39889 Ricardo Station Apt. 259\nDustinport, UT 72396",
      "contact_person": "Ryan Johnson"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Smith, Jackson and Johnson",
      "entity_address": "5194 Hall Radial\nMorganfurt, SD 39599"
    }
  ],
  "property_details": {
    "property_address": "12238 Matthew Orchard, Suite 1766, Lake Monica, Massachusetts 49498",
    "square_footage": 11543,
    "property_type": "Office",
    "unit_identifier": "Suite 1766"
  },
  "lease_term": {
    "start_date": "2024-02-13",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2029-02-12"
  },
  "financial_terms": {
    "base_rent_initial": 1541.89,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-02-12",
        "increase_value": 9.22,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-02-12",
        "increase_value": 1.5,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-02-12",
        "increase_value": 1.47,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2028-02-12",
        "increase_value": 9.54,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (6%)",
        "estimated_annual_cost": 6445.31
      }
    ],
    "security_deposit_amount": 1541.89
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Common area maintenance (CAM)",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Janitorial services within leased premises",
      "Pest control within the unit",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "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 Priceville"
  }
}