<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-FEELING-2023-720

This serves as a summary of the commercial lease executed on 2023-02-03 between the Lessor, Walter Inc, and Lessee, Martin PLC. The subject of this agreement is the Industrial property at 06882 Garcia Plains, Suite 731, North Cheryl, Alabama 81143, comprising approximately 2,348 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 36 months, commencing on 2023-04-27 and concluding on 2026-04-26. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $7,714.30, payable on a monthly basis. A security deposit of $7,714.30 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.72 $/sf taking effect on 2024-04-26. Additional rents include Real Estate Taxes (Pass-through), Real Estate Taxes (Pro-rata share (4%)).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Structural repairs to building exterior and roof; Landscaping and snow removal. The Lessee's duties include: All utility payments for the premises; Janitorial services within leased premises; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. Premises to be used solely for general office purposes.

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 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-FEELING-2023-720",
  "document_date": "2023-02-03",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Walter Inc",
      "entity_address": "715 Patrick Crossroad\nJanethaven, WV 84853",
      "contact_person": "Elizabeth Moody"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Martin PLC",
      "entity_address": "6477 Gates Terrace Suite 161\nPort Kimberly, DC 33707"
    }
  ],
  "property_details": {
    "property_address": "06882 Garcia Plains, Suite 731, North Cheryl, Alabama 81143",
    "square_footage": 2348,
    "property_type": "Industrial",
    "unit_identifier": "Suite 731"
  },
  "lease_term": {
    "start_date": "2023-04-27",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2026-04-26"
  },
  "financial_terms": {
    "base_rent_initial": 7714.3,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-04-26",
        "increase_value": 8.72,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-04-26",
        "increase_value": 6.4,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-04-26",
        "increase_value": 6.55,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 8833.69
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (4%)",
        "estimated_annual_cost": 3975.28
      }
    ],
    "security_deposit_amount": 7714.3
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Structural repairs to building exterior and roof",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Janitorial services within leased premises",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}