<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-CUT-2022-282

This serves as a summary of the commercial lease executed on 2022-08-26 between the Lessor, Holmes, Wright and Snyder, and Lessee, Mckinney, Spence and Campos. The subject of this agreement is the Retail property at 54388 Salinas Court, Suite 1492, Cardenasfurt, South Carolina 87994, comprising approximately 7,418 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 2022-10-16 and concluding on 2027-10-16. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $16,396.70, payable on a monthly basis. A security deposit of $32,793.40 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.03 $/sf taking effect on 2023-10-16. Additional rents include Insurance (Pro-rata share (9%)), Operating Expenses (CAM) (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Structural repairs to building exterior and roof; Parking lot maintenance. The Lessee's duties include: All utility payments for the premises; Janitorial services within leased premises. 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. No hazardous materials permitted on the premises without prior written consent.

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.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-CUT-2022-282",
  "document_date": "2022-08-26",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Holmes, Wright and Snyder",
      "entity_address": "682 Tyler Fall Apt. 734\nPort Stephenton, RI 09317",
      "contact_person": "Kevin Riley"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Mckinney, Spence and Campos",
      "entity_address": "9683 Cuevas Forge\nButlershire, MI 20028"
    }
  ],
  "property_details": {
    "property_address": "54388 Salinas Court, Suite 1492, Cardenasfurt, South Carolina 87994",
    "square_footage": 7418,
    "property_type": "Retail",
    "unit_identifier": "Suite 1492"
  },
  "lease_term": {
    "start_date": "2022-10-16",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2027-10-16"
  },
  "financial_terms": {
    "base_rent_initial": 16396.7,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2023-10-16",
        "increase_value": 8.03,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-10-15",
        "increase_value": 8.96,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-10-15",
        "increase_value": 1.39,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (9%)",
        "estimated_annual_cost": 3759.17
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 6543.47
      }
    ],
    "security_deposit_amount": 32793.4
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Structural repairs to building exterior and roof",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "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": "Permitted only to an affiliate entity with 30 days prior notice."
  }
}