<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-CHARACTER-2024-391

This serves as a summary of the commercial lease executed on 2024-06-04 between the Lessor, Lopez LLC, and Lessee, Roberts, Jones and Thornton. The subject of this agreement is the Office property at 12326 Brown Course, Suite 813, Ginaside, Ohio 38501, comprising approximately 19,224 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 2024-10-20 and concluding on 2029-10-20. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $1,730.41, payable on a monthly basis. A security deposit of $1,730.41 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.36% taking effect on 2025-10-20. Additional rents include Management Fee (Pass-through), Common Area Utilities (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Landscaping and snow removal; HVAC system maintenance and replacement. The Lessee's duties include: All utility payments for the premises; Janitorial services within leased premises; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. Signage must be approved by Lessor.

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 Daltonfort. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-CHARACTER-2024-391",
  "document_date": "2024-06-04",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Lopez LLC",
      "entity_address": "33210 Chase Stream\nPort Victoriastad, MT 32257",
      "contact_person": "Matthew Hall"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Roberts, Jones and Thornton"
    }
  ],
  "property_details": {
    "property_address": "12326 Brown Course, Suite 813, Ginaside, Ohio 38501",
    "square_footage": 19224,
    "property_type": "Office",
    "unit_identifier": "Suite 813"
  },
  "lease_term": {
    "start_date": "2024-10-20",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2029-10-20"
  },
  "financial_terms": {
    "base_rent_initial": 1730.41,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-10-20",
        "increase_value": 8.36,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-10-20",
        "increase_value": 4.66,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1443.19
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 3959.67
      }
    ],
    "security_deposit_amount": 1730.41
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Landscaping and snow removal",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Janitorial services within leased premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Signage must be approved by Lessor."
  ],
  "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 Daltonfort"
  }
}