<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-SERVE-2023-263

This serves as a summary of the commercial lease executed on 2023-03-29 between the Lessor, Mooney and Sons, and Lessee, Bell, Sandoval and Garcia. The subject of this agreement is the Office property at 93747 Alexander Prairie, Suite 1768, Leeburgh, Colorado 31261, comprising approximately 23,810 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 120 months, commencing on 2023-04-29 and concluding on 2033-04-28. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $3,051.69, payable on a monthly basis. A security deposit of $6,103.38 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 3.67 $/sf taking effect on 2024-04-28. Additional rents include Insurance (Pro-rata share (15%)), Insurance (Pro-rata share (2%)), Management Fee (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; HVAC system maintenance and replacement. The Lessee's duties include: All utility payments for the premises; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. Business operations restricted to 8:00 AM to 10:00 PM. Premises to be used solely for general office purposes.

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 notably absent in the agreement. Any potential disputes are to be resolved via Binding arbitration in North Sean. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-SERVE-2023-263",
  "document_date": "2023-03-29",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Mooney and Sons",
      "entity_address": "687 Kim Trafficway\nMoniqueland, FM 64525",
      "contact_person": "Emma Thompson"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Bell, Sandoval and Garcia",
      "entity_address": "521 Mark Manors\nEast Julieton, MN 12634"
    }
  ],
  "property_details": {
    "property_address": "93747 Alexander Prairie, Suite 1768, Leeburgh, Colorado 31261",
    "square_footage": 23810,
    "property_type": "Office"
  },
  "lease_term": {
    "start_date": "2023-04-29",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2033-04-28"
  },
  "financial_terms": {
    "base_rent_initial": 3051.69,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-04-28",
        "increase_value": 3.67,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-04-28",
        "increase_value": 1.56,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-04-28",
        "increase_value": 9.85,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-04-28",
        "increase_value": 4.89,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (15%)",
        "estimated_annual_cost": 8007.31
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (2%)",
        "estimated_annual_cost": 9360.79
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through"
      }
    ],
    "security_deposit_amount": 6103.38
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Binding arbitration in North Sean"
  }
}