<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-DECISION-2024-355

This serves as a summary of the commercial lease executed on 2024-02-07 between the Lessor, Hebert, Macdonald and Robinson, and Lessee, Alexander, Nunez and Jackson. The subject of this agreement is the Retail property at 0377 Lisa Route Apt. 416, Suite 2189, Port Jenniferton, Alabama 95195, comprising approximately 22,699 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 2024-03-08. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $52,774.48, payable on a quarterly basis. The lease includes a structured rent escalation schedule, with the first increase of 1.19% taking effect on 2025-03-08. Additional rents include Operating Expenses (CAM) (Fixed annual contribution), Insurance (Pro-rata share (5%)), Real Estate Taxes (Pro-rata share (13%)), Real Estate Taxes (Pro-rata share (13%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: Interior non-structural maintenance; Janitorial services within leased premises; Pest control within the unit; Minor repairs to plumbing and electrical. 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.

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.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-DECISION-2024-355",
  "document_date": "2024-02-07",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Hebert, Macdonald and Robinson",
      "entity_address": "23724 Allen Curve Suite 965\nSaraview, MH 24295",
      "contact_person": "Jason Rasmussen"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Alexander, Nunez and Jackson",
      "entity_address": "559 Stacey Springs Apt. 742\nGregoryville, UT 51444"
    }
  ],
  "property_details": {
    "property_address": "0377 Lisa Route Apt. 416, Suite 2189, Port Jenniferton, Alabama 95195",
    "square_footage": 22699,
    "property_type": "Retail"
  },
  "lease_term": {
    "start_date": "2024-03-08",
    "term_duration_months": 120,
    "renewal_options": []
  },
  "financial_terms": {
    "base_rent_initial": 52774.48,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-03-08",
        "increase_value": 1.19,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-03-08",
        "increase_value": 2.1,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-03-08",
        "increase_value": 6.19,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2028-03-07",
        "increase_value": 9.7,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 6940.7
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (5%)"
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (13%)",
        "estimated_annual_cost": 4746.67
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (13%)",
        "estimated_annual_cost": 5695.32
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Janitorial services within leased premises",
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause."
  }
}