<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-SURFACE-2023-870

This serves as a summary of the commercial lease executed on 2023-09-14 between the Lessor, Pacheco PLC, and Lessee, Brown, Arias and Ramirez. The subject of this agreement is the Medical Office property at 0731 Eric Estate Apt. 108, Suite 2220, Danamouth, Oregon 10664, comprising approximately 19,518 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 2024-01-30 and concluding on 2034-01-29. The tenant holds 2 option(s) to renew, with the first being for a 24-month extension. To exercise this, a notice period of 180 days is required, with rent adjustment based on Fixed Percentage.

Financial obligations begin with an initial base rent of $82,075.37, payable on a quarterly basis. A security deposit of $82,075.37 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.51 $/sf taking effect on 2025-01-29. Additional rents include Real Estate Taxes (Pro-rata share (13%)), Common Area Utilities (Pass-through), Real Estate Taxes (Pro-rata share (14%)).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Parking lot maintenance; Structural repairs to building exterior and roof. The Lessee's duties include: Janitorial services within leased premises; Minor repairs to plumbing and electrical; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. 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.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-SURFACE-2023-870",
  "document_date": "2023-09-14",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Pacheco PLC",
      "entity_address": "8333 Douglas Court Apt. 863\nNorth Christinemouth, MA 78732",
      "contact_person": "Richard Schneider"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Brown, Arias and Ramirez",
      "entity_address": "40029 Jessica Path\nRobertport, IA 01111"
    }
  ],
  "property_details": {
    "property_address": "0731 Eric Estate Apt. 108, Suite 2220, Danamouth, Oregon 10664",
    "square_footage": 19518,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 2220"
  },
  "lease_term": {
    "start_date": "2024-01-30",
    "term_duration_months": 120,
    "renewal_options": [
      {
        "option_number": 1,
        "renewal_period_months": 24,
        "notice_period_days": 180,
        "rent_escalation_method": "Fixed Percentage"
      },
      {
        "option_number": 2,
        "renewal_period_months": 60,
        "notice_period_days": 180,
        "rent_escalation_method": "Market Rate"
      }
    ],
    "end_date": "2034-01-29"
  },
  "financial_terms": {
    "base_rent_initial": 82075.37,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-01-29",
        "increase_value": 6.51,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-01-29",
        "increase_value": 8.05,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (13%)",
        "estimated_annual_cost": 1831.71
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1393.6
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (14%)"
      }
    ],
    "security_deposit_amount": 82075.37
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Parking lot maintenance",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Minor repairs to plumbing and electrical",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "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."
  }
}