<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-FAR-2022-585

This serves as a summary of the commercial lease executed on 2022-10-03 between the Lessor, Walker Inc, and Lessee, Lewis Inc. The subject of this agreement is the Retail property at 69093 Gregory Parks, Suite 583, East Lori, Mississippi 29986, comprising approximately 3,223 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 72 months, commencing on 2023-01-12. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $8,362.34, payable on a quarterly basis. A security deposit of $8,362.34 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 3.77% taking effect on 2024-01-12. Additional rents include Real Estate Taxes (Pro-rata share (14%)), Common Area Utilities (Fixed annual contribution), Operating Expenses (CAM) (Pro-rata share (9%)).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Parking lot maintenance. The Lessee's duties include: Janitorial services within leased premises; All utility payments for the premises; Pest control within the unit; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. No structural alterations without Lessor approval. Premises to be used solely for general office purposes.

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 present in the agreement. Any potential disputes are to be resolved via Binding arbitration in East Kevin. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-FAR-2022-585",
  "document_date": "2022-10-03",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Walker Inc",
      "entity_address": "7703 Grace Lights\nRyanshire, PR 22871",
      "contact_person": "Jimmy Manning"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Lewis Inc",
      "entity_address": "32209 Beck Village Suite 306\nCindyshire, MS 75940"
    }
  ],
  "property_details": {
    "property_address": "69093 Gregory Parks, Suite 583, East Lori, Mississippi 29986",
    "square_footage": 3223,
    "property_type": "Retail",
    "unit_identifier": "Suite 583"
  },
  "lease_term": {
    "start_date": "2023-01-12",
    "term_duration_months": 72,
    "renewal_options": []
  },
  "financial_terms": {
    "base_rent_initial": 8362.34,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-01-12",
        "increase_value": 3.77,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-01-11",
        "increase_value": 5.49,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (14%)",
        "estimated_annual_cost": 3113.27
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (9%)",
        "estimated_annual_cost": 4261.91
      }
    ],
    "security_deposit_amount": 8362.34
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "All utility payments for the premises",
      "Pest control within the unit",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "No structural alterations without Lessor approval.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Binding arbitration in East Kevin"
  }
}