<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-POSITIVE-2023-799

This serves as a summary of the commercial lease executed on 2023-09-06 between the Lessor, Gilbert, Gardner and Allen, and Lessee, Robinson-Pacheco. The subject of this agreement is the Office property at 116 Justin Port Suite 871, Suite 220, Lake Darlenestad, Utah 14901, comprising approximately 11,540 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 84 months, commencing on 2023-10-07 and concluding on 2030-10-06. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $1,237.18, payable on a annually basis. A security deposit of $2,474.36 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 0.1% taking effect on 2024-10-06. Additional rents include Management Fee (Pro-rata share (9%)), Common Area Utilities (Pass-through), Insurance (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); HVAC system maintenance and replacement; Parking lot maintenance. The Lessee's duties include: Minor repairs to plumbing and electrical; Pest control within the unit; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. No hazardous materials permitted on the premises without prior written consent.

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-POSITIVE-2023-799",
  "document_date": "2023-09-06",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Gilbert, Gardner and Allen",
      "contact_person": "Eric Martin"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Robinson-Pacheco"
    }
  ],
  "property_details": {
    "property_address": "116 Justin Port Suite 871, Suite 220, Lake Darlenestad, Utah 14901",
    "square_footage": 11540,
    "property_type": "Office",
    "unit_identifier": "Suite 220"
  },
  "lease_term": {
    "start_date": "2023-10-07",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2030-10-06"
  },
  "financial_terms": {
    "base_rent_initial": 1237.18,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-10-06",
        "increase_value": 0.1,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-10-06",
        "increase_value": 6.09,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-10-06",
        "increase_value": 4.76,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (9%)",
        "estimated_annual_cost": 5051.01
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through"
      }
    ],
    "security_deposit_amount": 2474.36
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "HVAC system maintenance and replacement",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "Pest control within the unit",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld."
  }
}