<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-RECEIVE-2022-201

This serves as a summary of the commercial lease executed on 2022-12-07 between the Lessor, Andrews, Johns and Harris, and Lessee, Fisher, Patel and Williams. The subject of this agreement is the Retail property at 80088 Tonya Court Suite 156, Suite 1770, Michaelchester, Illinois 57423, comprising approximately 16,112 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 2023-03-02 and concluding on 2028-03-01. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $97,508.90, payable on a quarterly basis. A security deposit of $97,508.90 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 5.85 $/sf taking effect on 2024-03-01. Additional rents include Real Estate Taxes (Pass-through), Real Estate Taxes (Fixed annual contribution), Common Area Utilities (Pro-rata share (15%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: Minor repairs to plumbing and electrical; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. 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 Binding arbitration in New Ericafort. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-RECEIVE-2022-201",
  "document_date": "2022-12-07",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Andrews, Johns and Harris",
      "entity_address": "3267 Castro Shores\nNew Kellyville, CA 53746",
      "contact_person": "Cynthia Lewis"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Fisher, Patel and Williams"
    }
  ],
  "property_details": {
    "property_address": "80088 Tonya Court Suite 156, Suite 1770, Michaelchester, Illinois 57423",
    "square_footage": 16112,
    "property_type": "Retail",
    "unit_identifier": "Suite 1770"
  },
  "lease_term": {
    "start_date": "2023-03-02",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-03-01"
  },
  "financial_terms": {
    "base_rent_initial": 97508.9,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-03-01",
        "increase_value": 5.85,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-03-01",
        "increase_value": 9.42,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-03-01",
        "increase_value": 3.87,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 9650.72
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4265.49
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (15%)",
        "estimated_annual_cost": 7277.96
      }
    ],
    "security_deposit_amount": 97508.9
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "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": "Binding arbitration in New Ericafort"
  }
}