<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-SITE-2023-262

This serves as a summary of the commercial lease executed on 2023-04-02 between the Lessor, Rich PLC, and Lessee, Ellison-Tran. The subject of this agreement is the Medical Office property at 697 Wilson River Apt. 289, Suite 873, North Daniel, Washington 66296, comprising approximately 14,081 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 72 months, commencing on 2023-08-14 and concluding on 2029-08-13. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $11,558.70, payable on a quarterly basis. A security deposit of $11,558.70 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 9.9% taking effect on 2024-08-13. Additional rents include Common Area Utilities (Pro-rata share (14%)), Common Area Utilities (Fixed annual contribution), Management Fee (Fixed annual contribution), Common Area Utilities (Pass-through).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Parking lot maintenance. The Lessee's duties include: Janitorial services within leased premises; Pest control within the unit; Minor repairs to plumbing and electrical; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: Premises to be used solely for general office purposes. 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: Strictly prohibited under all circumstances. A force majeure clause is notably absent in the agreement. Any potential disputes are to be resolved via Binding arbitration in Lynchchester. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-SITE-2023-262",
  "document_date": "2023-04-02",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Rich PLC",
      "contact_person": "Victor Stokes"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Ellison-Tran",
      "entity_address": "USNS Bennett\nFPO AE 52239"
    }
  ],
  "property_details": {
    "property_address": "697 Wilson River Apt. 289, Suite 873, North Daniel, Washington 66296",
    "square_footage": 14081,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 873"
  },
  "lease_term": {
    "start_date": "2023-08-14",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2029-08-13"
  },
  "financial_terms": {
    "base_rent_initial": 11558.7,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-08-13",
        "increase_value": 9.9,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-08-13",
        "increase_value": 2.26,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (14%)",
        "estimated_annual_cost": 5066.52
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 5357.88
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 7394.63
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 7341.99
      }
    ],
    "security_deposit_amount": 11558.7
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "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": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Binding arbitration in Lynchchester"
  }
}