<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-LIST-2024-543

This serves as a summary of the commercial lease executed on 2024-06-12 between the Lessor, Rios and Sons, and Lessee, Vasquez, Perez and Wise. The subject of this agreement is the Retail property at 35448 Frances Camp, Suite 533, Johnview, Delaware 82729, comprising approximately 13,442 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 2024-08-27 and concluding on 2030-08-27. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $25,827.58, payable on a monthly basis. A security deposit of $25,827.58 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 2.7% taking effect on 2025-08-27. Additional rents include Operating Expenses (CAM) (Pro-rata share (10%)), Common Area Utilities (Fixed annual contribution), Operating Expenses (CAM) (Pro-rata share (15%)).

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: Interior non-structural maintenance; All utility payments for the premises. 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. 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-LIST-2024-543",
  "document_date": "2024-06-12",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Rios and Sons",
      "entity_address": "74384 Chambers Club\nEast Lisa, ND 23300",
      "contact_person": "Allison Perez"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Vasquez, Perez and Wise",
      "entity_address": "7663 John Trace Apt. 061\nAlexisview, NY 29594"
    }
  ],
  "property_details": {
    "property_address": "35448 Frances Camp, Suite 533, Johnview, Delaware 82729",
    "square_footage": 13442,
    "property_type": "Retail",
    "unit_identifier": "Suite 533"
  },
  "lease_term": {
    "start_date": "2024-08-27",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2030-08-27"
  },
  "financial_terms": {
    "base_rent_initial": 25827.58,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-08-27",
        "increase_value": 2.7,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-08-27",
        "increase_value": 4.08,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-08-27",
        "increase_value": 5.81,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (10%)",
        "estimated_annual_cost": 9331.95
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (15%)",
        "estimated_annual_cost": 6580.52
      }
    ],
    "security_deposit_amount": 25827.58
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "HVAC system maintenance and replacement",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "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 only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}