<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-PLANT-2023-502

This serves as a summary of the commercial lease executed on 2023-11-28 between the Lessor, Quinn, Hernandez and Short, and Lessee, Stewart-Durham. The subject of this agreement is the Warehouse property at 708 Christopher Parks, Suite 505, East Pattymouth, Connecticut 67874, comprising approximately 17,785 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 84 months, commencing on 2024-03-02 and concluding on 2031-03-02. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $21,788.18, payable on a annually basis. A security deposit of $43,576.36 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 1.9% taking effect on 2025-03-02. Additional rents include Common Area Utilities (Pass-through), Insurance (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Structural repairs to building exterior and roof; Landscaping and snow removal. The Lessee's duties include: Interior non-structural maintenance; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. Premises to be used solely for general office purposes. No structural alterations without Lessor approval.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Permitted, subject to Lessor's right of first refusal and a profit-sharing clause. A force majeure clause is present in the agreement. Any potential disputes are to be resolved via Litigation in the jurisdiction of the property location.. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-PLANT-2023-502",
  "document_date": "2023-11-28",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Quinn, Hernandez and Short",
      "entity_address": "5224 Molly Lakes Apt. 395\nWest Samuelbury, TX 06995",
      "contact_person": "Darren Sanders"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Stewart-Durham",
      "entity_address": "83638 Kevin Rue Apt. 641\nJasonmouth, WA 97235"
    }
  ],
  "property_details": {
    "property_address": "708 Christopher Parks, Suite 505, East Pattymouth, Connecticut 67874",
    "square_footage": 17785,
    "property_type": "Warehouse",
    "unit_identifier": "Suite 505"
  },
  "lease_term": {
    "start_date": "2024-03-02",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2031-03-02"
  },
  "financial_terms": {
    "base_rent_initial": 21788.18,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-03-02",
        "increase_value": 1.9,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-03-02",
        "increase_value": 5.51,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-03-02",
        "increase_value": 9.8,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through"
      }
    ],
    "security_deposit_amount": 43576.36
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Structural repairs to building exterior and roof",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Premises to be used solely for general office purposes.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}