<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-SON-2022-924

This serves as a summary of the commercial lease executed on 2022-12-06 between the Lessor, Burgess LLC, and Lessee, Wood-Martinez. The subject of this agreement is the Industrial property at 428 Lisa Harbors Apt. 382, Suite 1515, West Jacob, Kentucky 79681, comprising approximately 5,891 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 2023-03-25 and concluding on 2028-03-24. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $9,973.05, payable on a annually basis. A security deposit of $9,973.05 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 2.88% taking effect on 2024-03-24. Additional rents include Management Fee (Fixed annual contribution), Common Area Utilities (Pass-through), Real Estate Taxes (Pro-rata share (13%)).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Parking lot maintenance; Landscaping and snow removal. 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: Signage must be approved by Lessor. Premises to be used solely for general office purposes. No structural alterations without Lessor approval.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Requires prior written consent from Lessor, not to be unreasonably withheld. A force majeure clause is notably absent 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-SON-2022-924",
  "document_date": "2022-12-06",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Burgess LLC",
      "contact_person": "Heather Miller"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Wood-Martinez",
      "entity_address": "17757 Chase Land\nPort Jamesville, TX 74658"
    }
  ],
  "property_details": {
    "property_address": "428 Lisa Harbors Apt. 382, Suite 1515, West Jacob, Kentucky 79681",
    "square_footage": 5891,
    "property_type": "Industrial"
  },
  "lease_term": {
    "start_date": "2023-03-25",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-03-24"
  },
  "financial_terms": {
    "base_rent_initial": 9973.05,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-03-24",
        "increase_value": 2.88,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-03-24",
        "increase_value": 9.39,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-03-24",
        "increase_value": 8.33,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4976.63
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 2749.56
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (13%)",
        "estimated_annual_cost": 7742.32
      }
    ],
    "security_deposit_amount": 9973.05
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "Premises to be used solely for general office purposes.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}