<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-MEASURE-2022-760

This serves as a summary of the commercial lease executed on 2022-12-19 between the Lessor, Hernandez, Patrick and Mcgee, and Lessee, Estrada, Gutierrez and Valentine. The subject of this agreement is the Industrial property at 4542 Mary Estates Apt. 239, Suite 717, Johnsonshire, Arizona 58919, comprising approximately 19,807 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 2023-02-23 and concluding on 2028-02-23. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $6,331.07, payable on a annually basis. A security deposit of $12,662.14 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.93 $/sf taking effect on 2024-02-23. Additional rents include Common Area Utilities (Pro-rata share (9%)), Common Area Utilities (Pro-rata share (14%)), Insurance (Fixed annual contribution), Operating Expenses (CAM) (Pro-rata share (8%)).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Common area maintenance (CAM). The Lessee's duties include: Janitorial services within leased premises; Pest control within the unit; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. Premises to be used solely for general office purposes.

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 Jamesside. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-MEASURE-2022-760",
  "document_date": "2022-12-19",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Hernandez, Patrick and Mcgee",
      "entity_address": "PSC 4030, Box 2459\nAPO AA 54134",
      "contact_person": "Jeffrey Hubbard"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Estrada, Gutierrez and Valentine",
      "entity_address": "75817 Cruz Wells\nNew Christopher, MT 15293"
    }
  ],
  "property_details": {
    "property_address": "4542 Mary Estates Apt. 239, Suite 717, Johnsonshire, Arizona 58919",
    "square_footage": 19807,
    "property_type": "Industrial",
    "unit_identifier": "Suite 717"
  },
  "lease_term": {
    "start_date": "2023-02-23",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-02-23"
  },
  "financial_terms": {
    "base_rent_initial": 6331.07,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-02-23",
        "increase_value": 8.93,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-02-22",
        "increase_value": 5.3,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (9%)"
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (14%)",
        "estimated_annual_cost": 4577.26
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (8%)",
        "estimated_annual_cost": 2772.32
      }
    ],
    "security_deposit_amount": 12662.14
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Binding arbitration in Jamesside"
  }
}