<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-ANYTHING-2023-851

This serves as a summary of the commercial lease executed on 2023-05-19 between the Lessor, Alvarez, Cortez and Hall, and Lessee, Roberts-Raymond. The subject of this agreement is the Office property at 002 Miller Stream Apt. 518, Suite 367, South Jonathanberg, Illinois 15759, comprising approximately 9,647 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 2023-09-13 and concluding on 2030-09-12. The tenant holds 1 option(s) to renew, with the first being for a 60-month extension. To exercise this, a notice period of 270 days is required, with rent adjustment based on Market Rate.

Financial obligations begin with an initial base rent of $4,885.39, payable on a annually basis. A security deposit of $9,770.78 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 4.9% taking effect on 2024-09-12. Additional rents include Management Fee (Pass-through), Common Area Utilities (Pro-rata share (3%)).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Structural repairs to building exterior and roof; Parking lot maintenance. The Lessee's duties include: Pest control within the unit; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. Signage must be approved by Lessor.

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 Binding arbitration in West Jonathan. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-ANYTHING-2023-851",
  "document_date": "2023-05-19",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Alvarez, Cortez and Hall",
      "entity_address": "2484 Harmon Spur Apt. 387\nBrownburgh, DC 70247"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Roberts-Raymond",
      "entity_address": "753 Scott Island Apt. 170\nPeterberg, NH 35835"
    }
  ],
  "property_details": {
    "property_address": "002 Miller Stream Apt. 518, Suite 367, South Jonathanberg, Illinois 15759",
    "square_footage": 9647,
    "property_type": "Office"
  },
  "lease_term": {
    "start_date": "2023-09-13",
    "term_duration_months": 84,
    "renewal_options": [
      {
        "option_number": 1,
        "renewal_period_months": 60,
        "notice_period_days": 270,
        "rent_escalation_method": "Market Rate"
      }
    ],
    "end_date": "2030-09-12"
  },
  "financial_terms": {
    "base_rent_initial": 4885.39,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-09-12",
        "increase_value": 4.9,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-09-12",
        "increase_value": 7.85,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-09-12",
        "increase_value": 5.32,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-09-12",
        "increase_value": 9.73,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 8797.18
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (3%)",
        "estimated_annual_cost": 3347.06
      }
    ],
    "security_deposit_amount": 9770.78
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Structural repairs to building exterior and roof",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Binding arbitration in West Jonathan"
  }
}