<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-PUSH-2023-362

This serves as a summary of the commercial lease executed on 2023-11-26 between the Lessor, Henry-Cole, and Lessee, Becker, Rogers and King. The subject of this agreement is the Warehouse property at 83929 Fisher Junctions, Suite 1283, Zunigaberg, Kentucky 70523, comprising approximately 10,705 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 2024-05-16 and concluding on 2029-05-16. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $9,712.26, payable on a annually basis. A security deposit of $9,712.26 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 3.75% taking effect on 2025-05-16. Additional rents include Management Fee (Pass-through), Common Area Utilities (Fixed annual contribution), Insurance (Pro-rata share (14%)).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Landscaping and snow removal; Structural repairs to building exterior and roof. The Lessee's duties include: All utility payments for the premises; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. Signage must be approved by Lessor. No structural alterations without Lessor approval.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Permitted, subject to Lessor's right of first refusal and a profit-sharing clause. 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-PUSH-2023-362",
  "document_date": "2023-11-26",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Henry-Cole",
      "entity_address": "174 Jane Port Apt. 415\nNew Austinville, VI 97756",
      "contact_person": "Natalie Macdonald"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Becker, Rogers and King",
      "entity_address": "348 Smith Rapids\nJohnsonport, UT 55285"
    }
  ],
  "property_details": {
    "property_address": "83929 Fisher Junctions, Suite 1283, Zunigaberg, Kentucky 70523",
    "square_footage": 10705,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 1283"
  },
  "lease_term": {
    "start_date": "2024-05-16",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2029-05-16"
  },
  "financial_terms": {
    "base_rent_initial": 9712.26,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-05-16",
        "increase_value": 3.75,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-05-16",
        "increase_value": 1.59,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-05-16",
        "increase_value": 3.88,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2028-05-15",
        "increase_value": 7.12,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 2386.16
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2940.36
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (14%)",
        "estimated_annual_cost": 9076.05
      }
    ],
    "security_deposit_amount": 9712.26
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Landscaping and snow removal",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Signage must be approved by Lessor.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause."
  }
}