<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-IMPACT-2023-926

This serves as a summary of the commercial lease executed on 2023-10-09 between the Lessor, Brooks-Dennis, and Lessee, Owens-Gardner. The subject of this agreement is the Medical Office property at 9233 Sarah Mews Apt. 448, Suite 1427, Cookton, Montana 95313, comprising approximately 23,885 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 36 months, commencing on 2024-03-13 and concluding on 2027-03-13. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $36,510.12, payable on a monthly basis. A security deposit of $36,510.12 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 1.85 $/sf taking effect on 2025-03-13. Additional rents include Real Estate Taxes (Pro-rata share (15%)), Insurance (Pass-through), Insurance (Pass-through), Insurance (Pro-rata share (14%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Structural repairs to building exterior and roof. The Lessee's duties include: Interior non-structural maintenance; Janitorial services within leased premises. 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.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-IMPACT-2023-926",
  "document_date": "2023-10-09",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Brooks-Dennis",
      "entity_address": "20321 Stephens Road\nEast Sherri, DE 14778",
      "contact_person": "Melanie Wood"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Owens-Gardner",
      "entity_address": "PSC 8312, Box 1079\nAPO AA 50302"
    }
  ],
  "property_details": {
    "property_address": "9233 Sarah Mews Apt. 448, Suite 1427, Cookton, Montana 95313",
    "square_footage": 23885,
    "property_type": "Medical Office"
  },
  "lease_term": {
    "start_date": "2024-03-13",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2027-03-13"
  },
  "financial_terms": {
    "base_rent_initial": 36510.12,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-03-13",
        "increase_value": 1.85,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-03-13",
        "increase_value": 9.43,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2027-03-13",
        "increase_value": 3.21,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (15%)",
        "estimated_annual_cost": 2070.24
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 5043.43
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1838.75
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (14%)",
        "estimated_annual_cost": 9496.41
      }
    ],
    "security_deposit_amount": 36510.12
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Janitorial services within leased premises"
    ]
  },
  "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."
  }
}