<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-PARTICIPANT-2023-813

This serves as a summary of the commercial lease executed on 2023-07-06 between the Lessor, Simpson and Sons, and Lessee, Castro and Sons. The subject of this agreement is the Medical Office property at 79794 Kathleen Summit Apt. 514, Suite 1806, Johnfurt, New York 77851, comprising approximately 3,332 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 2023-08-07 and concluding on 2026-08-06. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $1,958.31, payable on a annually basis. The lease includes a structured rent escalation schedule, with the first increase of 4.45 $/sf taking effect on 2024-08-06. Additional rents include Insurance (Pass-through), Operating Expenses (CAM) (Pass-through), Management Fee (Pro-rata share (4%)), Insurance (Pro-rata share (15%)).

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; Interior non-structural maintenance; Janitorial services within leased premises. 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: Permitted only to an affiliate entity with 30 days prior notice. A force majeure clause is present in the agreement. Any potential disputes are to be resolved via Binding arbitration in Lake Jenniferbury. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-PARTICIPANT-2023-813",
  "document_date": "2023-07-06",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Simpson and Sons",
      "entity_address": "3053 Johnson Station Suite 101\nSandraport, GA 67707",
      "contact_person": "Raymond Mccoy"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Castro and Sons",
      "entity_address": "2886 Manning Circle\nNorth Joannbury, NE 69089"
    }
  ],
  "property_details": {
    "property_address": "79794 Kathleen Summit Apt. 514, Suite 1806, Johnfurt, New York 77851",
    "square_footage": 3332,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 1806"
  },
  "lease_term": {
    "start_date": "2023-08-07",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2026-08-06"
  },
  "financial_terms": {
    "base_rent_initial": 1958.31,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-08-06",
        "increase_value": 4.45,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-08-06",
        "increase_value": 9.46,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-08-06",
        "increase_value": 0.82,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-08-06",
        "increase_value": 9.65,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 3891.82
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (4%)",
        "estimated_annual_cost": 2938.33
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (15%)"
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "Interior non-structural maintenance",
      "Janitorial services within leased premises"
    ]
  },
  "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": true,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Binding arbitration in Lake Jenniferbury"
  }
}