<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-EVERY-2024-358

This serves as a summary of the commercial lease executed on 2024-02-25 between the Lessor, Joyce, Mercado and Colon, and Lessee, Sanchez, Bryant and Johnson. The subject of this agreement is the Medical Office property at 42671 Hernandez Expressway Apt. 214, Suite 2374, West Kristy, Florida 77272, comprising approximately 16,882 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 2024-08-17 and concluding on 2027-08-17. The tenant holds 1 option(s) to renew, with the first being for a 60-month extension. To exercise this, a notice period of 180 days is required, with rent adjustment based on Fixed Percentage.

Financial obligations begin with an initial base rent of $69,913.56, payable on a monthly basis. A security deposit of $139,827.12 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 1.39% taking effect on 2025-08-17. Additional rents include Operating Expenses (CAM) (Pass-through), Common Area Utilities (Pro-rata share (15%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; HVAC system maintenance and replacement; Structural repairs to building exterior and roof. The Lessee's duties include: Janitorial services within leased premises; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. No hazardous materials permitted on the premises without prior written consent. Premises to be used solely for general office purposes.

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 Reillymouth. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-EVERY-2024-358",
  "document_date": "2024-02-25",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Joyce, Mercado and Colon",
      "contact_person": "Mark Aguilar"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Sanchez, Bryant and Johnson",
      "entity_address": "75984 Fowler Tunnel Apt. 327\nDavidside, LA 03533"
    }
  ],
  "property_details": {
    "property_address": "42671 Hernandez Expressway Apt. 214, Suite 2374, West Kristy, Florida 77272",
    "square_footage": 16882,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 2374"
  },
  "lease_term": {
    "start_date": "2024-08-17",
    "term_duration_months": 36,
    "renewal_options": [
      {
        "option_number": 1,
        "renewal_period_months": 60,
        "notice_period_days": 180,
        "rent_escalation_method": "Fixed Percentage"
      }
    ],
    "end_date": "2027-08-17"
  },
  "financial_terms": {
    "base_rent_initial": 69913.56,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-08-17",
        "increase_value": 1.39,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-08-17",
        "increase_value": 6.81,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 7028.7
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (15%)"
      }
    ],
    "security_deposit_amount": 139827.12
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "HVAC system maintenance and replacement",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "No hazardous materials permitted on the premises without prior written consent.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Binding arbitration in Reillymouth"
  }
}