<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-SENSE-2024-225

This serves as a summary of the commercial lease executed on 2024-08-07 between the Lessor, Chapman LLC, and Lessee, Rodriguez, Miller and Washington. The subject of this agreement is the Warehouse property at 5457 Butler Spurs, Suite 1114, Lake Theresa, Arkansas 36433, comprising approximately 9,186 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 36 months, commencing on 2025-01-28 and concluding on 2028-01-28. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $33,577.83, payable on a monthly basis. A security deposit of $67,155.66 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 9.9% taking effect on 2026-01-28. Additional rents include Management Fee (Fixed annual contribution), Real Estate Taxes (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; HVAC system maintenance and replacement. The Lessee's duties include: All utility payments for the premises; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. 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 notably absent in the agreement. Any potential disputes are to be resolved via Binding arbitration in West Dariusmouth. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-SENSE-2024-225",
  "document_date": "2024-08-07",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Chapman LLC",
      "entity_address": "PSC 9073, Box 4657\nAPO AP 53869",
      "contact_person": "Matthew Taylor"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Rodriguez, Miller and Washington"
    }
  ],
  "property_details": {
    "property_address": "5457 Butler Spurs, Suite 1114, Lake Theresa, Arkansas 36433",
    "square_footage": 9186,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 1114"
  },
  "lease_term": {
    "start_date": "2025-01-28",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2028-01-28"
  },
  "financial_terms": {
    "base_rent_initial": 33577.83,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-01-28",
        "increase_value": 9.9,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-01-28",
        "increase_value": 3.59,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 1912.37
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through"
      }
    ],
    "security_deposit_amount": 67155.66
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Binding arbitration in West Dariusmouth"
  }
}