<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-PRODUCT-2022-984

This serves as a summary of the commercial lease executed on 2022-11-22 between the Lessor, Wall, Miller and Flores, and Lessee, Brennan Inc. The subject of this agreement is the Retail property at 527 Brooke Gateway, Suite 586, South Destiny, Delaware 65685, comprising approximately 16,303 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 2023-04-30 and concluding on 2026-04-29. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $67,116.51, payable on a quarterly basis. A security deposit of $134,233.02 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 3.08 $/sf taking effect on 2024-04-29. Additional rents include Operating Expenses (CAM) (Pass-through), Common Area Utilities (Pass-through), Insurance (Pro-rata share (4%)), Common Area Utilities (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Common area maintenance (CAM); Structural repairs to building exterior and roof. The Lessee's duties include: Interior non-structural maintenance; All utility payments for the premises; Minor repairs to plumbing and electrical. 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. Signage must be approved by Lessor.

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 Mediation followed by litigation in the State of Kentucky. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-PRODUCT-2022-984",
  "document_date": "2022-11-22",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Wall, Miller and Flores",
      "contact_person": "James Watkins"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Brennan Inc",
      "entity_address": "94082 Miles Mill Suite 727\nDawnland, LA 74379"
    }
  ],
  "property_details": {
    "property_address": "527 Brooke Gateway, Suite 586, South Destiny, Delaware 65685",
    "square_footage": 16303,
    "property_type": "Retail",
    "unit_identifier": "Suite 586"
  },
  "lease_term": {
    "start_date": "2023-04-30",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2026-04-29"
  },
  "financial_terms": {
    "base_rent_initial": 67116.51,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-04-29",
        "increase_value": 3.08,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-04-29",
        "increase_value": 2.51,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-04-29",
        "increase_value": 9.97,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-04-29",
        "increase_value": 0.55,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 8890.67
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (4%)",
        "estimated_annual_cost": 9717.46
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 3458.4
      }
    ],
    "security_deposit_amount": 134233.02
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Common area maintenance (CAM)",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "All utility payments for the premises",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Premises to be used solely for general office purposes.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Kentucky"
  }
}