<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-ESPECIALLY-2024-572

This serves as a summary of the commercial lease executed on 2024-05-11 between the Lessor, Guerrero and Sons, and Lessee, Sanchez-Maxwell. The subject of this agreement is the Warehouse property at 8699 Russell Groves Apt. 760, Suite 1867, Jeffreyside, Virginia 56500, comprising approximately 22,358 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 2024-09-18 and concluding on 2034-09-18. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $13,013.67, payable on a quarterly basis. A security deposit of $13,013.67 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.21 $/sf taking effect on 2025-09-18. Additional rents include Real Estate Taxes (Pro-rata share (3%)), Management Fee (Pro-rata share (14%)).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Structural repairs to building exterior and roof; Common area maintenance (CAM). The Lessee's duties include: Interior non-structural maintenance; Pest control within the unit; Janitorial services within leased premises; All utility payments for the 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. No structural alterations without Lessor approval.

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-ESPECIALLY-2024-572",
  "document_date": "2024-05-11",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Guerrero and Sons",
      "entity_address": "3308 Johnson Prairie\nCunninghamside, GA 13641"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Sanchez-Maxwell",
      "entity_address": "Unit 2017 Box 9664\nDPO AP 94194"
    }
  ],
  "property_details": {
    "property_address": "8699 Russell Groves Apt. 760, Suite 1867, Jeffreyside, Virginia 56500",
    "square_footage": 22358,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 1867"
  },
  "lease_term": {
    "start_date": "2024-09-18",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2034-09-18"
  },
  "financial_terms": {
    "base_rent_initial": 13013.67,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-09-18",
        "increase_value": 8.21,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-09-18",
        "increase_value": 1.2,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2027-09-18",
        "increase_value": 1.92,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2028-09-17",
        "increase_value": 3.85,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (3%)",
        "estimated_annual_cost": 4747.7
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (14%)",
        "estimated_annual_cost": 4761.97
      }
    ],
    "security_deposit_amount": 13013.67
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Structural repairs to building exterior and roof",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Pest control within the unit",
      "Janitorial services within leased premises",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "No structural alterations without Lessor approval."
  ],
  "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."
  }
}