<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-PUSH-2023-393

This serves as a summary of the commercial lease executed on 2023-05-03 between the Lessor, Hunter-Williams, and Lessee, Brown-Deleon. The subject of this agreement is the Retail property at 245 Bowman Rest, Suite 2471, New Nicolefort, Pennsylvania 57197, comprising approximately 6,318 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 2023-09-01 and concluding on 2029-08-31. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $1,648.78, payable on a annually basis. A security deposit of $3,297.56 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 4.13 $/sf taking effect on 2024-08-31. Additional rents include Management Fee (Pass-through), Real Estate Taxes (Fixed annual contribution), Real Estate Taxes (Pro-rata share (11%)).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Common area maintenance (CAM); Structural repairs to building exterior and roof. The Lessee's duties include: Janitorial services within leased premises; Minor repairs to plumbing and electrical; Pest control within the unit; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: Premises to be used solely for general office purposes. No hazardous materials permitted on the premises without prior written consent.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Strictly prohibited under all circumstances. A force majeure clause is present in the agreement. Any potential disputes are to be resolved via Binding arbitration in West Kaitlyn. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-PUSH-2023-393",
  "document_date": "2023-05-03",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Hunter-Williams"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Brown-Deleon",
      "entity_address": "43659 Lacey Square\nJoyceport, SD 89067"
    }
  ],
  "property_details": {
    "property_address": "245 Bowman Rest, Suite 2471, New Nicolefort, Pennsylvania 57197",
    "square_footage": 6318,
    "property_type": "Retail",
    "unit_identifier": "Suite 2471"
  },
  "lease_term": {
    "start_date": "2023-09-01",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2029-08-31"
  },
  "financial_terms": {
    "base_rent_initial": 1648.78,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-08-31",
        "increase_value": 4.13,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-08-31",
        "increase_value": 8.01,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 8927.33
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (11%)",
        "estimated_annual_cost": 7058.73
      }
    ],
    "security_deposit_amount": 3297.56
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Common area maintenance (CAM)",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Minor repairs to plumbing and electrical",
      "Pest control within the unit",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Binding arbitration in West Kaitlyn"
  }
}