<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-MUSIC-2022-767

This serves as a summary of the commercial lease executed on 2022-09-19 between the Lessor, Mckinney, Johnson and Elliott, and Lessee, Greene-Cooke. The subject of this agreement is the Office property at 19948 Douglas Place Apt. 415, Suite 1248, South Dustinburgh, West Virginia 21019, comprising approximately 19,855 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 72 months, commencing on 2022-11-02 and concluding on 2028-11-01. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $12,527.42, payable on a annually basis. A security deposit of $12,527.42 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 5.41% taking effect on 2023-11-02. Additional rents include Insurance (Pro-rata share (9%)), Insurance (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Structural repairs to building exterior and roof. The Lessee's duties include: Minor repairs to plumbing and electrical; Interior non-structural maintenance; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. Signage must be approved by Lessor.

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 present in the agreement.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-MUSIC-2022-767",
  "document_date": "2022-09-19",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Mckinney, Johnson and Elliott",
      "entity_address": "1167 Elijah Underpass\nRosariofort, ND 28338",
      "contact_person": "Shane Welch"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Greene-Cooke",
      "entity_address": "6782 Jones Junctions\nJohnsport, UT 78894"
    }
  ],
  "property_details": {
    "property_address": "19948 Douglas Place Apt. 415, Suite 1248, South Dustinburgh, West Virginia 21019",
    "square_footage": 19855,
    "property_type": "Office",
    "unit_identifier": "Suite 1248"
  },
  "lease_term": {
    "start_date": "2022-11-02",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2028-11-01"
  },
  "financial_terms": {
    "base_rent_initial": 12527.42,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2023-11-02",
        "increase_value": 5.41,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-11-01",
        "increase_value": 7.14,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (9%)"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through"
      }
    ],
    "security_deposit_amount": 12527.42
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "Interior non-structural maintenance",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice."
  }
}