<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-GIVE-2023-664

This serves as a summary of the commercial lease executed on 2023-03-19 between the Lessor, Harper, Ray and Parker, and Lessee, Miller, Smith and Wilkins. The subject of this agreement is the Medical Office property at 5739 Clifford Drives, Suite 2213, Reynoldstown, West Virginia 47334, comprising approximately 12,685 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 2023-05-17 and concluding on 2026-05-16. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $3,433.25, payable on a monthly basis. A security deposit of $6,866.50 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.54% taking effect on 2024-05-16. Additional rents include Common Area Utilities (Pass-through), Real Estate Taxes (Pass-through), Operating Expenses (CAM) (Fixed annual contribution), Management Fee (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; HVAC system maintenance and replacement; Common area maintenance (CAM). 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: No structural alterations without Lessor approval. Premises to be used solely for general office purposes. 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 present in the agreement.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-GIVE-2023-664",
  "document_date": "2023-03-19",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Harper, Ray and Parker",
      "entity_address": "7693 Angela Landing Apt. 631\nAaronmouth, NE 61115"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Miller, Smith and Wilkins"
    }
  ],
  "property_details": {
    "property_address": "5739 Clifford Drives, Suite 2213, Reynoldstown, West Virginia 47334",
    "square_footage": 12685,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 2213"
  },
  "lease_term": {
    "start_date": "2023-05-17",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2026-05-16"
  },
  "financial_terms": {
    "base_rent_initial": 3433.25,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-05-16",
        "increase_value": 6.54,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-05-16",
        "increase_value": 1.67,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-05-16",
        "increase_value": 8.16,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-05-16",
        "increase_value": 8.83,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1202.39
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1831.32
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2964.25
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 6468.24
      }
    ],
    "security_deposit_amount": 6866.5
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "HVAC system maintenance and replacement",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Premises to be used solely for general office purposes.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld."
  }
}