<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-WANT-2023-664

This serves as a summary of the commercial lease executed on 2023-03-08 between the Lessor, Barker-Odonnell, and Lessee, Kim Group. The subject of this agreement is the Office property at 912 Lisa Burg, Suite 935, Gilbertview, Florida 80836, comprising approximately 11,923 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 2023-07-23 and concluding on 2029-07-22. The tenant holds 1 option(s) to renew, with the first being for a 60-month extension. To exercise this, a notice period of 365 days is required, with rent adjustment based on CPI Adjustment.

Financial obligations begin with an initial base rent of $6,604.79, payable on a annually basis. A security deposit of $13,209.58 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.7% taking effect on 2024-07-22. Additional rents include Insurance (Pro-rata share (7%)), Management Fee (Pro-rata share (13%)).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Landscaping and snow removal. The Lessee's duties include: Interior non-structural maintenance; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. No structural alterations without Lessor approval.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Strictly prohibited under all circumstances. A force majeure clause is present in the agreement. Any potential disputes are to be resolved via Mediation followed by litigation in the State of Indiana. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-WANT-2023-664",
  "document_date": "2023-03-08",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Barker-Odonnell",
      "entity_address": "974 Foley Rapids\nLake Tristan, TN 97174",
      "contact_person": "Stephen Shaffer"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Kim Group",
      "entity_address": "79512 Ramirez Land Apt. 306\nPetersonside, NM 56230"
    }
  ],
  "property_details": {
    "property_address": "912 Lisa Burg, Suite 935, Gilbertview, Florida 80836",
    "square_footage": 11923,
    "property_type": "Office",
    "unit_identifier": "Suite 935"
  },
  "lease_term": {
    "start_date": "2023-07-23",
    "term_duration_months": 72,
    "renewal_options": [
      {
        "option_number": 1,
        "renewal_period_months": 60,
        "notice_period_days": 365,
        "rent_escalation_method": "CPI Adjustment"
      }
    ],
    "end_date": "2029-07-22"
  },
  "financial_terms": {
    "base_rent_initial": 6604.79,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-07-22",
        "increase_value": 8.7,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-07-22",
        "increase_value": 3.69,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (7%)",
        "estimated_annual_cost": 5892.18
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (13%)"
      }
    ],
    "security_deposit_amount": 13209.58
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Indiana"
  }
}