<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-COMMERCIAL-2024-224

This serves as a summary of the commercial lease executed on 2024-05-23 between the Lessor, Ramos Ltd, and Lessee, Hopkins, Hansen and Ford. The subject of this agreement is the Warehouse property at 482 Miller Mountain, Suite 2012, Port Julieland, Connecticut 94238, comprising approximately 19,504 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 2024-07-01 and concluding on 2031-07-01. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $6,101.61, payable on a annually basis. A security deposit of $6,101.61 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 1.25% taking effect on 2025-07-01. Additional rents include Real Estate Taxes (Fixed annual contribution), Management Fee (Fixed annual contribution), Insurance (Pro-rata share (9%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Common area maintenance (CAM). The Lessee's duties include: Interior non-structural maintenance; All utility payments for the premises; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: Premises to be used solely for general office purposes. Business operations restricted to 8:00 AM to 10:00 PM.

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-COMMERCIAL-2024-224",
  "document_date": "2024-05-23",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Ramos Ltd",
      "entity_address": "446 Louis Villages Suite 735\nLake Jeffrey, RI 88910"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Hopkins, Hansen and Ford"
    }
  ],
  "property_details": {
    "property_address": "482 Miller Mountain, Suite 2012, Port Julieland, Connecticut 94238",
    "square_footage": 19504,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 2012"
  },
  "lease_term": {
    "start_date": "2024-07-01",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2031-07-01"
  },
  "financial_terms": {
    "base_rent_initial": 6101.61,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-07-01",
        "increase_value": 1.25,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-07-01",
        "increase_value": 9.26,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 6067.86
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 9010.58
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (9%)"
      }
    ],
    "security_deposit_amount": 6101.61
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "All utility payments for the premises",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice."
  }
}