<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-WE-2023-849

This serves as a summary of the commercial lease executed on 2023-08-11 between the Lessor, Hancock, Thomas and Dougherty, and Lessee, Ruiz LLC. The subject of this agreement is the Office property at 357 Rivera Lakes, Suite 165, West Melissashire, Minnesota 35090, comprising approximately 17,273 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 2023-11-11 and concluding on 2028-11-10. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $6,891.89, payable on a annually basis. A security deposit of $6,891.89 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 3.19% taking effect on 2024-11-10. Additional rents include Operating Expenses (CAM) (Pro-rata share (11%)), Common Area Utilities (Pass-through), Common Area Utilities (Pro-rata share (6%)), Common Area Utilities (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Structural repairs to building exterior and roof. The Lessee's duties include: Minor repairs to plumbing and electrical; Interior non-structural maintenance; Janitorial services within leased premises; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. No structural alterations without Lessor approval.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Permitted, subject to Lessor's right of first refusal and a profit-sharing clause. 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-WE-2023-849",
  "document_date": "2023-08-11",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Hancock, Thomas and Dougherty",
      "entity_address": "11150 Nicole Forest\nMeyerburgh, KS 06380",
      "contact_person": "Michael Sweeney"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Ruiz LLC",
      "entity_address": "784 Bryan Mission\nRodneyside, IL 47059"
    }
  ],
  "property_details": {
    "property_address": "357 Rivera Lakes, Suite 165, West Melissashire, Minnesota 35090",
    "square_footage": 17273,
    "property_type": "Office",
    "unit_identifier": "Suite 165"
  },
  "lease_term": {
    "start_date": "2023-11-11",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-11-10"
  },
  "financial_terms": {
    "base_rent_initial": 6891.89,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-11-10",
        "increase_value": 3.19,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-11-10",
        "increase_value": 6.93,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (11%)",
        "estimated_annual_cost": 1294.49
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 5166.88
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (6%)",
        "estimated_annual_cost": 8103.18
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through"
      }
    ],
    "security_deposit_amount": 6891.89
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "Interior non-structural maintenance",
      "Janitorial services within leased premises",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}