<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-CENTER-2022-461

This serves as a summary of the commercial lease executed on 2022-11-04 between the Lessor, Jimenez-Taylor, and Lessee, Smith, Gonzalez and Guerra. The subject of this agreement is the Office property at 90902 Martin View, Suite 1301, West Barbara, Illinois 39119, comprising approximately 17,513 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 2022-11-09 and concluding on 2025-11-08. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $1,031.28, payable on a quarterly basis. A security deposit of $2,062.56 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 2.05 $/sf taking effect on 2023-11-09. Additional rents include Common Area Utilities (Pass-through), Management Fee (Pass-through), Management Fee (Pro-rata share (4%)).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Landscaping and snow removal; HVAC system maintenance and replacement. The Lessee's duties include: Interior non-structural maintenance; 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. Premises to be used solely for general office purposes. No structural alterations without Lessor approval.

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 Mediation followed by litigation in the State of Massachusetts. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-CENTER-2022-461",
  "document_date": "2022-11-04",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Jimenez-Taylor",
      "entity_address": "8358 Parker Points Apt. 857\nBurkemouth, RI 81506",
      "contact_person": "David Brown"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Smith, Gonzalez and Guerra",
      "entity_address": "28773 Larry Overpass Suite 244\nLeahbury, ND 34777"
    }
  ],
  "property_details": {
    "property_address": "90902 Martin View, Suite 1301, West Barbara, Illinois 39119",
    "square_footage": 17513,
    "property_type": "Office"
  },
  "lease_term": {
    "start_date": "2022-11-09",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2025-11-08"
  },
  "financial_terms": {
    "base_rent_initial": 1031.28,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2023-11-09",
        "increase_value": 2.05,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-11-08",
        "increase_value": 9.15,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 4484.86
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 4366.51
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (4%)",
        "estimated_annual_cost": 2968.88
      }
    ],
    "security_deposit_amount": 2062.56
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Landscaping and snow removal",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "All utility payments for the premises",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "Premises to be used solely for general office purposes.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Massachusetts"
  }
}