<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-DRAW-2024-387

This serves as a summary of the commercial lease executed on 2024-02-14 between the Lessor, Perez-Johnson, and Lessee, Stone Group. The subject of this agreement is the Retail property at 3588 Hernandez Station, Suite 100, East Annfurt, Indiana 48861, comprising approximately 10,997 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 60 months, commencing on 2024-04-12 and concluding on 2029-04-12. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $69,954.20, payable on a annually basis. A security deposit of $139,908.40 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 5.89% taking effect on 2025-04-12. Additional rents include Common Area Utilities (Pro-rata share (5%)), Common Area Utilities (Pass-through), Management Fee (Pro-rata share (10%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; HVAC system maintenance and replacement. The Lessee's duties include: Minor repairs to plumbing and electrical; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. Signage must be approved by Lessor.

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 notably absent in the agreement. Any potential disputes are to be resolved via Binding arbitration in Warrenside. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-DRAW-2024-387",
  "document_date": "2024-02-14",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Perez-Johnson",
      "entity_address": "2877 Thomas Pines Apt. 628\nEast Andrewchester, NV 85820",
      "contact_person": "Scott Webster"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Stone Group",
      "entity_address": "1326 Samantha Highway\nEast Drewton, AS 73784"
    }
  ],
  "property_details": {
    "property_address": "3588 Hernandez Station, Suite 100, East Annfurt, Indiana 48861",
    "square_footage": 10997,
    "property_type": "Retail"
  },
  "lease_term": {
    "start_date": "2024-04-12",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2029-04-12"
  },
  "financial_terms": {
    "base_rent_initial": 69954.2,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-04-12",
        "increase_value": 5.89,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-04-12",
        "increase_value": 5.52,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (5%)"
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1570.91
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (10%)",
        "estimated_annual_cost": 1011.96
      }
    ],
    "security_deposit_amount": 139908.4
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause.",
    "dispute_resolution_method": "Binding arbitration in Warrenside"
  }
}