<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-THOUGH-2024-410

This serves as a summary of the commercial lease executed on 2024-02-21 between the Lessor, Cowan-Mcdonald, and Lessee, Fox-Chen. The subject of this agreement is the Medical Office property at 4791 David Harbor, Suite 2052, Harpertown, Wyoming 20335, comprising approximately 4,029 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 2024-02-29 and concluding on 2029-02-28. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $7,378.42, payable on a monthly basis. The lease includes a structured rent escalation schedule, with the first increase of 6.78 $/sf taking effect on 2025-02-28. Additional rents include Operating Expenses (CAM) (Fixed annual contribution), Management Fee (Pass-through), Management Fee (Fixed annual contribution), Management Fee (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Parking lot maintenance; HVAC system maintenance and replacement. The Lessee's duties include: Minor repairs to plumbing and electrical; Janitorial services within leased premises; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. Signage must be approved by Lessor. Business operations restricted to 8:00 AM to 10:00 PM.

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 present in the agreement. Any potential disputes are to be resolved via Binding arbitration in Randallville. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-THOUGH-2024-410",
  "document_date": "2024-02-21",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Cowan-Mcdonald",
      "entity_address": "797 Lynn Meadows\nSouth Josephbury, AR 07923",
      "contact_person": "Timothy Cochran"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Fox-Chen",
      "entity_address": "PSC 8146, Box 7537\nAPO AP 14634"
    }
  ],
  "property_details": {
    "property_address": "4791 David Harbor, Suite 2052, Harpertown, Wyoming 20335",
    "square_footage": 4029,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 2052"
  },
  "lease_term": {
    "start_date": "2024-02-29",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2029-02-28"
  },
  "financial_terms": {
    "base_rent_initial": 7378.42,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-02-28",
        "increase_value": 6.78,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-02-28",
        "increase_value": 8.61,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-02-28",
        "increase_value": 8.4,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2028-02-28",
        "increase_value": 2.8,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 5131.24
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 9836.73
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 8474.04
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through"
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Parking lot maintenance",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "Janitorial services within leased premises",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Signage must be approved by Lessor.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Binding arbitration in Randallville"
  }
}