<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-SEAT-2024-513

This serves as a summary of the commercial lease executed on 2024-04-15 between the Lessor, Rodriguez-Riley, and Lessee, Thompson-Shaw. The subject of this agreement is the Warehouse property at 850 Rivera Highway, Suite 326, Cynthiastad, Michigan 32539, comprising approximately 2,754 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 2024-07-17 and concluding on 2030-07-17. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $8,784.14, payable on a annually basis. The lease includes a structured rent escalation schedule, with the first increase of 4.15% taking effect on 2025-07-17. Additional rents include Operating Expenses (CAM) (Pro-rata share (10%)), Real Estate Taxes (Fixed annual contribution), Insurance (Fixed annual contribution), Management Fee (Pro-rata share (15%)).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Landscaping and snow removal; Structural repairs to building exterior and roof. The Lessee's duties include: Pest control within the unit; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. Premises to be used solely for general office purposes. 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 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-SEAT-2024-513",
  "document_date": "2024-04-15",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Rodriguez-Riley",
      "entity_address": "36039 Guzman Manor Suite 154\nNew Tanyaborough, MO 85901",
      "contact_person": "Mary Duncan"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Thompson-Shaw",
      "entity_address": "273 Anita Trafficway\nBrianshire, MD 50718"
    }
  ],
  "property_details": {
    "property_address": "850 Rivera Highway, Suite 326, Cynthiastad, Michigan 32539",
    "square_footage": 2754,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 326"
  },
  "lease_term": {
    "start_date": "2024-07-17",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2030-07-17"
  },
  "financial_terms": {
    "base_rent_initial": 8784.14,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-07-17",
        "increase_value": 4.15,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-07-17",
        "increase_value": 6.19,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-07-17",
        "increase_value": 2.12,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (10%)",
        "estimated_annual_cost": 8122.6
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2978.13
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 8814.17
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (15%)"
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Landscaping and snow removal",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Premises to be used solely for general office purposes.",
    "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": "Litigation in the jurisdiction of the property location."
  }
}