<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-VALUE-2023-629

This serves as a summary of the commercial lease executed on 2023-09-14 between the Lessor, Gill, Long and Alexander, and Lessee, Edwards LLC. The subject of this agreement is the Industrial property at 790 Jose Curve Apt. 578, Suite 1527, South Laurahaven, New Hampshire 39219, comprising approximately 7,745 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 120 months, commencing on 2023-09-20 and concluding on 2033-09-19. The tenant holds 1 option(s) to renew, with the first being for a 36-month extension. To exercise this, a notice period of 180 days is required, with rent adjustment based on CPI Adjustment.

Financial obligations begin with an initial base rent of $27,281.45, payable on a annually basis. A security deposit of $27,281.45 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 7.21 $/sf taking effect on 2024-09-19. Additional rents include Insurance (Fixed annual contribution), Management Fee (Fixed annual contribution), Management Fee (Pro-rata share (11%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Common area maintenance (CAM). The Lessee's duties include: Minor repairs to plumbing and electrical; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. 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 notably absent in the agreement.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-VALUE-2023-629",
  "document_date": "2023-09-14",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Gill, Long and Alexander",
      "entity_address": "43420 Anna Divide\nPatrickland, AK 38875",
      "contact_person": "Antonio Ryan"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Edwards LLC"
    }
  ],
  "property_details": {
    "property_address": "790 Jose Curve Apt. 578, Suite 1527, South Laurahaven, New Hampshire 39219",
    "square_footage": 7745,
    "property_type": "Industrial",
    "unit_identifier": "Suite 1527"
  },
  "lease_term": {
    "start_date": "2023-09-20",
    "term_duration_months": 120,
    "renewal_options": [
      {
        "option_number": 1,
        "renewal_period_months": 36,
        "notice_period_days": 180,
        "rent_escalation_method": "CPI Adjustment"
      }
    ],
    "end_date": "2033-09-19"
  },
  "financial_terms": {
    "base_rent_initial": 27281.45,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-09-19",
        "increase_value": 7.21,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-09-19",
        "increase_value": 6.7,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-09-19",
        "increase_value": 8.04,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-09-19",
        "increase_value": 0.21,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 3646.51
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4440.69
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (11%)"
      }
    ],
    "security_deposit_amount": 27281.45
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances."
  }
}