<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-MISS-2022-600

This serves as a summary of the commercial lease executed on 2022-08-15 between the Lessor, Jackson LLC, and Lessee, Johnson Inc. The subject of this agreement is the Industrial property at 8962 Melanie Villages, Suite 1623, Wallsborough, Montana 34777, comprising approximately 22,118 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 2022-10-12 and concluding on 2032-10-11. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $17,033.95, payable on a monthly basis. A security deposit of $17,033.95 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 4.62 $/sf taking effect on 2023-10-12. Additional rents include Management Fee (Pro-rata share (4%)), Common Area Utilities (Pass-through), Real Estate Taxes (Pass-through), Insurance (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Common area maintenance (CAM). The Lessee's duties include: Pest control within the unit; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. No hazardous materials permitted on the premises without prior written consent.

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 present in the agreement. Any potential disputes are to be resolved via Binding arbitration in Gileston. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-MISS-2022-600",
  "document_date": "2022-08-15",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Jackson LLC"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Johnson Inc",
      "entity_address": "193 Theodore Road\nEast Laurenberg, HI 22510"
    }
  ],
  "property_details": {
    "property_address": "8962 Melanie Villages, Suite 1623, Wallsborough, Montana 34777",
    "square_footage": 22118,
    "property_type": "Industrial",
    "unit_identifier": "Suite 1623"
  },
  "lease_term": {
    "start_date": "2022-10-12",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2032-10-11"
  },
  "financial_terms": {
    "base_rent_initial": 17033.95,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2023-10-12",
        "increase_value": 4.62,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-10-11",
        "increase_value": 4.59,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-10-11",
        "increase_value": 9.14,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-10-11",
        "increase_value": 9.87,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (4%)",
        "estimated_annual_cost": 3968.6
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 4449.89
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 7386.21
      }
    ],
    "security_deposit_amount": 17033.95
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause.",
    "dispute_resolution_method": "Binding arbitration in Gileston"
  }
}