<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-SYSTEM-2024-909

This serves as a summary of the commercial lease executed on 2024-05-16 between the Lessor, Barrera, Rowe and Robertson, and Lessee, Walker LLC. The subject of this agreement is the Warehouse property at 83636 Erica Rue Apt. 464, Suite 2379, Harrisstad, Maine 92470, comprising approximately 22,134 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 60 months, commencing on 2024-11-03 and concluding on 2029-11-03. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $97,174.80, payable on a annually basis. The lease includes a structured rent escalation schedule, with the first increase of 7.71 $/sf taking effect on 2025-11-03. Additional rents include Insurance (Pass-through), Real Estate Taxes (Pro-rata share (8%)).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Structural repairs to building exterior and roof. The Lessee's duties include: Janitorial services within leased premises; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. 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. Any potential disputes are to be resolved via Binding arbitration in Matthewside. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-SYSTEM-2024-909",
  "document_date": "2024-05-16",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Barrera, Rowe and Robertson",
      "entity_address": "11417 Justin Stream Apt. 715\nAmyfurt, MT 94885",
      "contact_person": "Shawn Ramirez"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Walker LLC"
    }
  ],
  "property_details": {
    "property_address": "83636 Erica Rue Apt. 464, Suite 2379, Harrisstad, Maine 92470",
    "square_footage": 22134,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 2379"
  },
  "lease_term": {
    "start_date": "2024-11-03",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2029-11-03"
  },
  "financial_terms": {
    "base_rent_initial": 97174.8,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-11-03",
        "increase_value": 7.71,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-11-03",
        "increase_value": 9.22,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-11-03",
        "increase_value": 2.64,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (8%)",
        "estimated_annual_cost": 5567.27
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "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.",
    "dispute_resolution_method": "Binding arbitration in Matthewside"
  }
}