<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-GET-2023-443

This serves as a summary of the commercial lease executed on 2023-09-28 between the Lessor, Cruz Ltd, and Lessee, Wilson, Clark and Powell. The subject of this agreement is the Office property at 55764 Cesar Locks Suite 893, Suite 1513, South Amanda, South Dakota 39456, comprising approximately 17,900 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 60 months, commencing on 2024-03-12 and concluding on 2029-03-12. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $45,698.52, payable on a quarterly basis. A security deposit of $91,397.04 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 3.7 $/sf taking effect on 2025-03-12. Additional rents include Operating Expenses (CAM) (Pro-rata share (2%)), Management Fee (Pass-through).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Parking lot maintenance. The Lessee's duties include: All utility payments for the premises; Interior non-structural maintenance; Janitorial services within leased 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.

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 notably absent 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-GET-2023-443",
  "document_date": "2023-09-28",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Cruz Ltd",
      "entity_address": "655 Luna Roads\nJamietown, HI 92963",
      "contact_person": "Ryan Thomas"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Wilson, Clark and Powell",
      "entity_address": "40406 Jessica Meadow\nPort Shelby, VI 61912"
    }
  ],
  "property_details": {
    "property_address": "55764 Cesar Locks Suite 893, Suite 1513, South Amanda, South Dakota 39456",
    "square_footage": 17900,
    "property_type": "Office",
    "unit_identifier": "Suite 1513"
  },
  "lease_term": {
    "start_date": "2024-03-12",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2029-03-12"
  },
  "financial_terms": {
    "base_rent_initial": 45698.52,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-03-12",
        "increase_value": 3.7,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-03-12",
        "increase_value": 1.97,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-03-12",
        "increase_value": 3.62,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (2%)",
        "estimated_annual_cost": 3082.71
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through"
      }
    ],
    "security_deposit_amount": 91397.04
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Interior non-structural maintenance",
      "Janitorial services within leased 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."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "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."
  }
}