<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-AVOID-2022-203

This serves as a summary of the commercial lease executed on 2022-10-26 between the Lessor, Robinson-Alvarez, and Lessee, Williams-Jenkins. The subject of this agreement is the Medical Office property at 37676 Church Plaza Apt. 306, Suite 436, Marcushaven, Arizona 76548, comprising approximately 15,718 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 2022-12-26 and concluding on 2032-12-25. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $73,305.27, payable on a annually basis. A security deposit of $73,305.27 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 7.61 $/sf taking effect on 2023-12-26. Additional rents include Insurance (Pass-through), Common Area Utilities (Fixed annual contribution), Real Estate Taxes (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Landscaping and snow removal; Parking lot maintenance. The Lessee's duties include: All utility payments for the premises; Pest control within the unit; Janitorial services within leased premises; 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. 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: 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-AVOID-2022-203",
  "document_date": "2022-10-26",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Robinson-Alvarez",
      "entity_address": "46589 Michael Camp Suite 907\nLake Toddchester, CT 78366",
      "contact_person": "Thomas Kane"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Williams-Jenkins",
      "entity_address": "264 Kelley Extensions\nMartinezshire, KS 23209"
    }
  ],
  "property_details": {
    "property_address": "37676 Church Plaza Apt. 306, Suite 436, Marcushaven, Arizona 76548",
    "square_footage": 15718,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 436"
  },
  "lease_term": {
    "start_date": "2022-12-26",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2032-12-25"
  },
  "financial_terms": {
    "base_rent_initial": 73305.27,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2023-12-26",
        "increase_value": 7.61,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-12-25",
        "increase_value": 8.55,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-12-25",
        "increase_value": 8.98,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-12-25",
        "increase_value": 3.75,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 7409.87
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 8341.84
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution"
      }
    ],
    "security_deposit_amount": 73305.27
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Landscaping and snow removal",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Pest control within the unit",
      "Janitorial services within leased premises",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "No structural alterations without Lessor approval.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "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."
  }
}