<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-PREPARE-2023-310

This serves as a summary of the commercial lease executed on 2023-08-02 between the Lessor, Romero and Sons, and Lessee, Owens, Singleton and Wells. The subject of this agreement is the Industrial property at 3708 Natalie Meadows Apt. 999, Suite 365, New Maria, Maryland 39338, comprising approximately 3,080 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 120 months, commencing on 2023-12-29 and concluding on 2033-12-28. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $5,626.53, payable on a quarterly basis. A security deposit of $5,626.53 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 2.58 $/sf taking effect on 2024-12-28. Additional rents include Operating Expenses (CAM) (Pro-rata share (13%)), Real Estate Taxes (Fixed annual contribution), Insurance (Fixed annual contribution), Common Area Utilities (Pro-rata share (11%)).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; HVAC system maintenance and replacement; Parking lot maintenance. The Lessee's duties include: Janitorial services within leased premises; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. 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: 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-PREPARE-2023-310",
  "document_date": "2023-08-02",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Romero and Sons",
      "contact_person": "Eddie West"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Owens, Singleton and Wells"
    }
  ],
  "property_details": {
    "property_address": "3708 Natalie Meadows Apt. 999, Suite 365, New Maria, Maryland 39338",
    "square_footage": 3080,
    "property_type": "Industrial",
    "unit_identifier": "Suite 365"
  },
  "lease_term": {
    "start_date": "2023-12-29",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2033-12-28"
  },
  "financial_terms": {
    "base_rent_initial": 5626.53,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-12-28",
        "increase_value": 2.58,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-12-28",
        "increase_value": 1.52,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-12-28",
        "increase_value": 9.1,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (13%)",
        "estimated_annual_cost": 3681.09
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (11%)",
        "estimated_annual_cost": 5014.2
      }
    ],
    "security_deposit_amount": 5626.53
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "HVAC system maintenance and replacement",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "No structural alterations without Lessor approval.",
    "Signage must be approved by Lessor."
  ],
  "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."
  }
}