<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-COLLEGE-2023-494

This serves as a summary of the commercial lease executed on 2023-01-12 between the Lessor, Nguyen, Parsons and Holt, and Lessee, Garcia LLC. The subject of this agreement is the Medical Office property at 9182 Taylor Locks, Suite 905, Stephaniemouth, Florida 57855, comprising approximately 4,248 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 2023-03-07 and concluding on 2030-03-06. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $8,941.49, payable on a monthly basis. A security deposit of $8,941.49 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.48% taking effect on 2024-03-06. Additional rents include Real Estate Taxes (Pass-through), Management Fee (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Parking lot maintenance. The Lessee's duties include: All utility payments for the premises; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. Business operations restricted to 8:00 AM to 10:00 PM. No structural alterations without Lessor approval.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Permitted, subject to Lessor's right of first refusal and a profit-sharing clause. A force majeure clause is notably absent in the agreement. Any potential disputes are to be resolved via Binding arbitration in Johnside. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-COLLEGE-2023-494",
  "document_date": "2023-01-12",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Nguyen, Parsons and Holt",
      "entity_address": "163 Sarah Expressway Apt. 932\nLake Jason, FL 03400"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Garcia LLC"
    }
  ],
  "property_details": {
    "property_address": "9182 Taylor Locks, Suite 905, Stephaniemouth, Florida 57855",
    "square_footage": 4248,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 905"
  },
  "lease_term": {
    "start_date": "2023-03-07",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2030-03-06"
  },
  "financial_terms": {
    "base_rent_initial": 8941.49,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-03-06",
        "increase_value": 6.48,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-03-06",
        "increase_value": 7.95,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-03-06",
        "increase_value": 6.58,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-03-06",
        "increase_value": 4.75,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 9057.45
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 6411.94
      }
    ],
    "security_deposit_amount": 8941.49
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause.",
    "dispute_resolution_method": "Binding arbitration in Johnside"
  }
}