<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-ACTUALLY-2022-666

This serves as a summary of the commercial lease executed on 2022-11-10 between the Lessor, Cook, Medina and Beck, and Lessee, Hughes, Murphy and Torres. The subject of this agreement is the Retail property at 8015 William Fords Suite 727, Suite 1862, Adamston, North Dakota 15894, comprising approximately 21,574 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 2023-04-26. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $5,437.12, payable on a annually basis. A security deposit of $5,437.12 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.46 $/sf taking effect on 2024-04-25. Additional rents include Insurance (Pro-rata share (12%)), Management Fee (Pro-rata share (2%)), Insurance (Pass-through), Insurance (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Common area maintenance (CAM). The Lessee's duties include: Janitorial services within leased premises; Minor repairs to plumbing and electrical; Pest control within the unit; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. 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 present 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-ACTUALLY-2022-666",
  "document_date": "2022-11-10",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Cook, Medina and Beck",
      "entity_address": "Unit 3164 Box 6973\nDPO AA 43638"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Hughes, Murphy and Torres",
      "entity_address": "46900 Smith Knoll\nNew Pamela, VA 43482"
    }
  ],
  "property_details": {
    "property_address": "8015 William Fords Suite 727, Suite 1862, Adamston, North Dakota 15894",
    "square_footage": 21574,
    "property_type": "Retail",
    "unit_identifier": "Suite 1862"
  },
  "lease_term": {
    "start_date": "2023-04-26",
    "term_duration_months": 36,
    "renewal_options": []
  },
  "financial_terms": {
    "base_rent_initial": 5437.12,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-04-25",
        "increase_value": 6.46,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-04-25",
        "increase_value": 8.44,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (12%)",
        "estimated_annual_cost": 8080.17
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (2%)"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 5041.8
      }
    ],
    "security_deposit_amount": 5437.12
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Minor repairs to plumbing and electrical",
      "Pest control within the unit",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "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."
  }
}