<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-AMONG-2023-111

This serves as a summary of the commercial lease executed on 2023-07-23 between the Lessor, Perry PLC, and Lessee, Paul, Kim and Hoffman. The subject of this agreement is the Office property at 98791 Shields Stream, Suite 2080, New Charles, Texas 23931, comprising approximately 12,692 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 2023-12-27 and concluding on 2029-12-26. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $5,458.93, payable on a annually basis. A security deposit of $5,458.93 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 5.76% taking effect on 2024-12-26. Additional rents include Insurance (Pro-rata share (6%)), Operating Expenses (CAM) (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Parking lot maintenance. The Lessee's duties include: Pest control within the unit; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. Business operations restricted to 8:00 AM to 10:00 PM.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Requires prior written consent from Lessor, not to be unreasonably withheld. A force majeure clause is notably absent in the agreement. Any potential disputes are to be resolved via Binding arbitration in Dianemouth. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-AMONG-2023-111",
  "document_date": "2023-07-23",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Perry PLC",
      "entity_address": "443 Fowler Corners Suite 052\nBrownchester, VI 27900",
      "contact_person": "Aaron Rodriguez"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Paul, Kim and Hoffman",
      "entity_address": "51158 Little Causeway Apt. 833\nLuischester, LA 99267"
    }
  ],
  "property_details": {
    "property_address": "98791 Shields Stream, Suite 2080, New Charles, Texas 23931",
    "square_footage": 12692,
    "property_type": "Office",
    "unit_identifier": "Suite 2080"
  },
  "lease_term": {
    "start_date": "2023-12-27",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2029-12-26"
  },
  "financial_terms": {
    "base_rent_initial": 5458.93,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-12-26",
        "increase_value": 5.76,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-12-26",
        "increase_value": 8.89,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (6%)"
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 6379.85
      }
    ],
    "security_deposit_amount": 5458.93
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Binding arbitration in Dianemouth"
  }
}