<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-REPUBLICAN-2023-265

This serves as a summary of the commercial lease executed on 2023-03-16 between the Lessor, Johnson-Johnson, and Lessee, Jackson, Turner and Thomas. The subject of this agreement is the Industrial property at 89588 Mason Park Apt. 450, Suite 522, South Christine, Vermont 88078, comprising approximately 8,393 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 2023-04-22 and concluding on 2029-04-21. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $6,224.93, payable on a quarterly basis. The lease includes a structured rent escalation schedule, with the first increase of 9.43 $/sf taking effect on 2024-04-21. Additional rents include Management Fee (Pass-through), Operating Expenses (CAM) (Fixed annual contribution), Management Fee (Pro-rata share (4%)), Real Estate Taxes (Pro-rata share (2%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Structural repairs to building exterior and roof. The Lessee's duties include: Janitorial services within leased premises; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. Premises to be used solely for general office purposes.

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 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-REPUBLICAN-2023-265",
  "document_date": "2023-03-16",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Johnson-Johnson",
      "entity_address": "5191 Richardson Vista\nEast Brandonbury, MN 38463",
      "contact_person": "Kimberly Cain"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Jackson, Turner and Thomas",
      "entity_address": "3103 Graham Mill\nRyanborough, CA 75879"
    }
  ],
  "property_details": {
    "property_address": "89588 Mason Park Apt. 450, Suite 522, South Christine, Vermont 88078",
    "square_footage": 8393,
    "property_type": "Industrial"
  },
  "lease_term": {
    "start_date": "2023-04-22",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2029-04-21"
  },
  "financial_terms": {
    "base_rent_initial": 6224.93,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-04-21",
        "increase_value": 9.43,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-04-21",
        "increase_value": 5.83,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 7784.65
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (4%)",
        "estimated_annual_cost": 2873.76
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (2%)",
        "estimated_annual_cost": 6209.69
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}