<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-CIVIL-2024-342

This serves as a summary of the commercial lease executed on 2024-03-25 between the Lessor, Cortez Group, and Lessee, Williams-Cox. The subject of this agreement is the Medical Office property at 9578 Vaughan Manor, Suite 1336, Davisburgh, California 59685, comprising approximately 7,873 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 2024-06-03 and concluding on 2034-06-03. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $9,624.23, payable on a annually basis. A security deposit of $9,624.23 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 3.87% taking effect on 2025-06-03. Additional rents include Insurance (Fixed annual contribution), Real Estate Taxes (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Common area maintenance (CAM); HVAC system maintenance and replacement. The Lessee's duties include: Minor repairs to plumbing and electrical; All utility payments for the premises; Interior non-structural maintenance; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: Premises to be used solely for general office purposes. Business operations restricted to 8:00 AM to 10:00 PM.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Strictly prohibited under all circumstances. A force majeure clause is present in the agreement. Any potential disputes are to be resolved via Binding arbitration in West Christopherview. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-CIVIL-2024-342",
  "document_date": "2024-03-25",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Cortez Group",
      "entity_address": "766 Vincent Haven\nLake Mary, NM 19571",
      "contact_person": "Denise Evans"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Williams-Cox",
      "entity_address": "195 Matthew Roads\nAliciaberg, FM 80306"
    }
  ],
  "property_details": {
    "property_address": "9578 Vaughan Manor, Suite 1336, Davisburgh, California 59685",
    "square_footage": 7873,
    "property_type": "Medical Office"
  },
  "lease_term": {
    "start_date": "2024-06-03",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2034-06-03"
  },
  "financial_terms": {
    "base_rent_initial": 9624.23,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-06-03",
        "increase_value": 3.87,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-06-03",
        "increase_value": 3.87,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2019.46
      }
    ],
    "security_deposit_amount": 9624.23
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Common area maintenance (CAM)",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "All utility payments for the premises",
      "Interior non-structural maintenance",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Binding arbitration in West Christopherview"
  }
}