<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-PLAYER-2022-438

This serves as a summary of the commercial lease executed on 2022-12-03 between the Lessor, Shelton-Thompson, and Lessee, Perez-Bradshaw. The subject of this agreement is the Office property at 40834 Sarah Ranch, Suite 866, Jessemouth, Oklahoma 69255, comprising approximately 12,892 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 2023-03-29 and concluding on 2028-03-28. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $1,177.28, payable on a annually basis. A security deposit of $2,354.56 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 3.3 $/sf taking effect on 2024-03-28. Additional rents include Insurance (Fixed annual contribution), Common Area Utilities (Fixed annual contribution), Insurance (Pass-through), Real Estate Taxes (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; HVAC system maintenance and replacement; Structural repairs to building exterior and roof. 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: No hazardous materials permitted on the premises without prior written consent. No structural alterations without Lessor approval. 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 only to an affiliate entity with 30 days prior notice. A force majeure clause is notably absent in the agreement. Any potential disputes are to be resolved via Mediation followed by litigation in the State of North Dakota. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-PLAYER-2022-438",
  "document_date": "2022-12-03",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Shelton-Thompson",
      "entity_address": "2206 Gallagher Glens\nShelbyport, KY 09498"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Perez-Bradshaw",
      "entity_address": "70599 Michelle Cape\nMillermouth, MP 67482"
    }
  ],
  "property_details": {
    "property_address": "40834 Sarah Ranch, Suite 866, Jessemouth, Oklahoma 69255",
    "square_footage": 12892,
    "property_type": "Office",
    "unit_identifier": "Suite 866"
  },
  "lease_term": {
    "start_date": "2023-03-29",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-03-28"
  },
  "financial_terms": {
    "base_rent_initial": 1177.28,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-03-28",
        "increase_value": 3.3,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-03-28",
        "increase_value": 9.28,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-03-28",
        "increase_value": 2.62,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-03-28",
        "increase_value": 4.9,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 3421.68
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4245.66
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 6553.87
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 3408.14
      }
    ],
    "security_deposit_amount": 2354.56
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "HVAC system maintenance and replacement",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "No structural alterations without Lessor approval.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of North Dakota"
  }
}