<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-FORGET-2023-920

This serves as a summary of the commercial lease executed on 2023-03-05 between the Lessor, Wilson and Sons, and Lessee, Briggs and Sons. The subject of this agreement is the Warehouse property at 193 Benjamin Parkways Suite 479, Suite 824, Lake Davidfort, Delaware 04511, comprising approximately 23,827 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 84 months, commencing on 2023-03-09 and concluding on 2030-03-08. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $15,908.62, payable on a monthly basis. A security deposit of $15,908.62 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.6% taking effect on 2024-03-08. Additional rents include Common Area Utilities (Pro-rata share (7%)), Operating Expenses (CAM) (Pro-rata share (5%)), Common Area Utilities (Fixed annual contribution), Real Estate Taxes (Pro-rata share (7%)).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: Minor repairs to plumbing and electrical; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. Premises to be used solely for general office purposes.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Strictly prohibited under all circumstances. 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-FORGET-2023-920",
  "document_date": "2023-03-05",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Wilson and Sons",
      "entity_address": "6292 Catherine Path Apt. 172\nPort Dianestad, KY 93135",
      "contact_person": "Joshua Berger"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Briggs and Sons",
      "entity_address": "8653 Pierce Corner\nMillermouth, AK 05162"
    }
  ],
  "property_details": {
    "property_address": "193 Benjamin Parkways Suite 479, Suite 824, Lake Davidfort, Delaware 04511",
    "square_footage": 23827,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 824"
  },
  "lease_term": {
    "start_date": "2023-03-09",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2030-03-08"
  },
  "financial_terms": {
    "base_rent_initial": 15908.62,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-03-08",
        "increase_value": 8.6,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-03-08",
        "increase_value": 8.55,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-03-08",
        "increase_value": 0.82,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2027-03-08",
        "increase_value": 0.13,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (7%)",
        "estimated_annual_cost": 4488.34
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (5%)"
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 7186.37
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (7%)",
        "estimated_annual_cost": 8054.19
      }
    ],
    "security_deposit_amount": 15908.62
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}