<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-BOOK-2023-100

This serves as a summary of the commercial lease executed on 2023-11-01 between the Lessor, Hill Inc, and Lessee, Cain-Lewis. The subject of this agreement is the Medical Office property at 60213 Robbins Curve Suite 801, Suite 1711, East James, Michigan 14710, comprising approximately 11,925 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 2024-03-07 and concluding on 2031-03-07. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $81,232.07, payable on a monthly basis. A security deposit of $81,232.07 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.53% taking effect on 2025-03-07. Additional rents include Operating Expenses (CAM) (Pro-rata share (13%)), Operating Expenses (CAM) (Fixed annual contribution), Operating Expenses (CAM) (Fixed annual contribution), Common Area Utilities (Pro-rata share (8%)).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Landscaping and snow removal. The Lessee's duties include: Minor repairs to plumbing and electrical; Janitorial services within leased premises; All utility payments for the premises; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. No structural alterations without Lessor approval. Premises to be used solely for general office purposes.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Permitted only to an affiliate entity with 30 days prior notice. A force majeure clause is present 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-BOOK-2023-100",
  "document_date": "2023-11-01",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Hill Inc",
      "entity_address": "932 Diane Mills Apt. 863\nSouth Thomas, OK 65606",
      "contact_person": "Brandy Morgan"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Cain-Lewis",
      "entity_address": "378 Stewart Drives Suite 008\nPort Debra, WI 59154"
    }
  ],
  "property_details": {
    "property_address": "60213 Robbins Curve Suite 801, Suite 1711, East James, Michigan 14710",
    "square_footage": 11925,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 1711"
  },
  "lease_term": {
    "start_date": "2024-03-07",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2031-03-07"
  },
  "financial_terms": {
    "base_rent_initial": 81232.07,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-03-07",
        "increase_value": 8.53,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-03-07",
        "increase_value": 6.62,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2027-03-07",
        "increase_value": 9.4,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (13%)",
        "estimated_annual_cost": 2938.88
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 8243.08
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4899.48
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (8%)"
      }
    ],
    "security_deposit_amount": 81232.07
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "Janitorial services within leased premises",
      "All utility payments for the premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "No structural alterations without Lessor approval.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}