<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-FILM-2023-970

This serves as a summary of the commercial lease executed on 2023-11-08 between the Lessor, Rodriguez-Barber, and Lessee, Cortez, Kelley and Martinez. The subject of this agreement is the Retail property at 906 Miller Pass Suite 759, Suite 2154, South Brianna, Utah 66862, comprising approximately 1,872 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 2023-11-08 and concluding on 2030-11-07. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $7,805.30, payable on a annually basis. A security deposit of $15,610.60 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.8% taking effect on 2024-11-07. Additional rents include Common Area Utilities (Fixed annual contribution), Operating Expenses (CAM) (Pro-rata share (9%)).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Common area maintenance (CAM). The Lessee's duties include: Janitorial services within leased premises; Interior non-structural maintenance; Pest control within the unit. 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.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Requires prior written consent from Lessor, not to be unreasonably withheld. A force majeure clause is notably absent in the agreement. Any potential disputes are to be resolved via Mediation followed by litigation in the State of Maryland. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-FILM-2023-970",
  "document_date": "2023-11-08",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Rodriguez-Barber",
      "entity_address": "89797 Ryan Hollow Apt. 320\nTonyabury, ID 79498"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Cortez, Kelley and Martinez",
      "entity_address": "847 Michael Greens\nHarrisonberg, AR 85585"
    }
  ],
  "property_details": {
    "property_address": "906 Miller Pass Suite 759, Suite 2154, South Brianna, Utah 66862",
    "square_footage": 1872,
    "property_type": "Retail",
    "unit_identifier": "Suite 2154"
  },
  "lease_term": {
    "start_date": "2023-11-08",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2030-11-07"
  },
  "financial_terms": {
    "base_rent_initial": 7805.3,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-11-07",
        "increase_value": 6.8,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-11-07",
        "increase_value": 8.09,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 8849.88
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (9%)"
      }
    ],
    "security_deposit_amount": 15610.6
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Interior non-structural maintenance",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "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": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Maryland"
  }
}