<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-FRONT-2022-943

This serves as a summary of the commercial lease executed on 2022-10-08 between the Lessor, Diaz, Scott and Manning, and Lessee, Richardson and Sons. The subject of this agreement is the Industrial property at 1655 Graham Circles, Suite 1918, New Douglas, Ohio 08060, comprising approximately 13,965 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 120 months, commencing on 2022-12-29 and concluding on 2032-12-28. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $9,560.42, payable on a quarterly basis. A security deposit of $19,120.84 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 2.56 $/sf taking effect on 2023-12-29. Additional rents include Common Area Utilities (Pro-rata share (14%)), Real Estate Taxes (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Parking lot maintenance. The Lessee's duties include: Pest control within the unit; All utility payments for the premises; Janitorial services within leased 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.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Requires prior written consent from Lessor, not to be unreasonably withheld. A force majeure clause is notably absent in the agreement. Any potential disputes are to be resolved via Litigation in the jurisdiction of the property location.. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-FRONT-2022-943",
  "document_date": "2022-10-08",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Diaz, Scott and Manning",
      "entity_address": "23796 Lisa Forest Suite 624\nWest Tomborough, DE 86036"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Richardson and Sons"
    }
  ],
  "property_details": {
    "property_address": "1655 Graham Circles, Suite 1918, New Douglas, Ohio 08060",
    "square_footage": 13965,
    "property_type": "Industrial",
    "unit_identifier": "Suite 1918"
  },
  "lease_term": {
    "start_date": "2022-12-29",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2032-12-28"
  },
  "financial_terms": {
    "base_rent_initial": 9560.42,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2023-12-29",
        "increase_value": 2.56,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-12-28",
        "increase_value": 2.44,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (14%)"
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 9824.13
      }
    ],
    "security_deposit_amount": 19120.84
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "All utility payments for the premises",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}