<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-IF-2023-245

This serves as a summary of the commercial lease executed on 2023-10-18 between the Lessor, Taylor-Williams, and Lessee, Rogers, Yates and Price. The subject of this agreement is the Warehouse property at 811 Fitzgerald Terrace, Suite 1006, South Brianmouth, Utah 73808, comprising approximately 23,939 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 2024-01-04 and concluding on 2030-01-03. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $2,584.95, payable on a monthly basis. The lease includes a structured rent escalation schedule, with the first increase of 3.8% taking effect on 2025-01-03. Additional rents include Insurance (Pro-rata share (13%)), Insurance (Pro-rata share (10%)), Operating Expenses (CAM) (Pass-through), Operating Expenses (CAM) (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Parking lot maintenance. 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. 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 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-IF-2023-245",
  "document_date": "2023-10-18",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Taylor-Williams",
      "entity_address": "8014 Francis Forges Suite 481\nLake Josephtown, TN 37686",
      "contact_person": "Tara Saunders"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Rogers, Yates and Price"
    }
  ],
  "property_details": {
    "property_address": "811 Fitzgerald Terrace, Suite 1006, South Brianmouth, Utah 73808",
    "square_footage": 23939,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 1006"
  },
  "lease_term": {
    "start_date": "2024-01-04",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2030-01-03"
  },
  "financial_terms": {
    "base_rent_initial": 2584.95,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-01-03",
        "increase_value": 3.8,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-01-03",
        "increase_value": 4.1,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-01-03",
        "increase_value": 7.34,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (13%)",
        "estimated_annual_cost": 9462.43
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (10%)",
        "estimated_annual_cost": 4830.61
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 4634.09
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through"
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}