<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-CONTROL-2024-333

This serves as a summary of the commercial lease executed on 2024-06-26 between the Lessor, Reyes, Dominguez and Ramirez, and Lessee, Dunn, Smith and Edwards. The subject of this agreement is the Industrial property at 68867 Wendy Rest, Suite 393, Evansmouth, Colorado 91379, comprising approximately 9,729 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 2024-10-10 and concluding on 2027-10-10. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $6,114.42, payable on a quarterly basis. A security deposit of $12,228.84 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.8 $/sf taking effect on 2025-10-10. Additional rents include Common Area Utilities (Pass-through), Real Estate Taxes (Fixed annual contribution), Management Fee (Pro-rata share (9%)).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Common area maintenance (CAM). The Lessee's duties include: All utility payments for the premises; Pest control within the unit; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. 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 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-CONTROL-2024-333",
  "document_date": "2024-06-26",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Reyes, Dominguez and Ramirez",
      "entity_address": "2023 Amy Cliff Suite 681\nTamiland, TN 45044",
      "contact_person": "Charles Ray"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Dunn, Smith and Edwards"
    }
  ],
  "property_details": {
    "property_address": "68867 Wendy Rest, Suite 393, Evansmouth, Colorado 91379",
    "square_footage": 9729,
    "property_type": "Industrial",
    "unit_identifier": "Suite 393"
  },
  "lease_term": {
    "start_date": "2024-10-10",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2027-10-10"
  },
  "financial_terms": {
    "base_rent_initial": 6114.42,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-10-10",
        "increase_value": 6.8,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-10-10",
        "increase_value": 1.88,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-10-10",
        "increase_value": 7.92,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2028-10-09",
        "increase_value": 6.28,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4273.39
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (9%)",
        "estimated_annual_cost": 6500.36
      }
    ],
    "security_deposit_amount": 12228.84
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Pest control within the unit",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}