<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-GENERAL-2023-811

This serves as a summary of the commercial lease executed on 2023-10-20 between the Lessor, Wall Inc, and Lessee, Lopez, Williams and Gonzalez. The subject of this agreement is the Industrial property at 41657 Jackson Ports, Suite 1514, Martinfort, Kentucky 04285, comprising approximately 18,177 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 36 months, commencing on 2024-04-04 and concluding on 2027-04-04. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $95,499.74, payable on a quarterly basis. A security deposit of $95,499.74 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 2.29 $/sf taking effect on 2025-04-04. Additional rents include Management Fee (Pro-rata share (3%)), Real Estate Taxes (Pass-through), Management Fee (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; HVAC system maintenance and replacement. The Lessee's duties include: Janitorial services within leased premises; Pest control within the unit; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. Business operations restricted to 8:00 AM to 10:00 PM.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Strictly prohibited under all circumstances. 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-GENERAL-2023-811",
  "document_date": "2023-10-20",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Wall Inc",
      "entity_address": "PSC 9782, Box 4982\nAPO AA 55982",
      "contact_person": "David Smith"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Lopez, Williams and Gonzalez"
    }
  ],
  "property_details": {
    "property_address": "41657 Jackson Ports, Suite 1514, Martinfort, Kentucky 04285",
    "square_footage": 18177,
    "property_type": "Industrial",
    "unit_identifier": "Suite 1514"
  },
  "lease_term": {
    "start_date": "2024-04-04",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2027-04-04"
  },
  "financial_terms": {
    "base_rent_initial": 95499.74,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-04-04",
        "increase_value": 2.29,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-04-04",
        "increase_value": 7.52,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-04-04",
        "increase_value": 8.7,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (3%)",
        "estimated_annual_cost": 7895.75
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 1270.41
      }
    ],
    "security_deposit_amount": 95499.74
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Pest control within the unit",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}