<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-AFFECT-2024-123

This serves as a summary of the commercial lease executed on 2024-04-27 between the Lessor, Evans, Ford and Robinson, and Lessee, Holt, Lawrence and Brown. The subject of this agreement is the Medical Office property at 847 Buckley Loop, Suite 294, North Dustin, New Mexico 50337, comprising approximately 1,676 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 2024-07-13 and concluding on 2031-07-13. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $58,957.01, payable on a quarterly basis. A security deposit of $58,957.01 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.52 $/sf taking effect on 2025-07-13. Additional rents include Operating Expenses (CAM) (Pro-rata share (10%)), Real Estate Taxes (Fixed annual contribution), Insurance (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: Interior non-structural maintenance; Pest control within the unit. 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: 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 Litigation in the jurisdiction of the property location.. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-AFFECT-2024-123",
  "document_date": "2024-04-27",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Evans, Ford and Robinson",
      "entity_address": "30264 Fernandez Dam Apt. 287\nNew Michael, KS 14317",
      "contact_person": "Christopher Johnson"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Holt, Lawrence and Brown",
      "entity_address": "191 Castro Gateway Apt. 601\nTonymouth, WI 57887"
    }
  ],
  "property_details": {
    "property_address": "847 Buckley Loop, Suite 294, North Dustin, New Mexico 50337",
    "square_footage": 1676,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 294"
  },
  "lease_term": {
    "start_date": "2024-07-13",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2031-07-13"
  },
  "financial_terms": {
    "base_rent_initial": 58957.01,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-07-13",
        "increase_value": 6.52,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-07-13",
        "increase_value": 0.11,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-07-13",
        "increase_value": 5.5,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2028-07-12",
        "increase_value": 4.85,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (10%)",
        "estimated_annual_cost": 5055.99
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 5613.35
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 8931.87
      }
    ],
    "security_deposit_amount": 58957.01
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Pest control within the unit"
    ]
  },
  "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": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}