<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-PICK-2023-123

This serves as a summary of the commercial lease executed on 2023-08-01 between the Lessor, Pacheco-Heath, and Lessee, Green LLC. The subject of this agreement is the Medical Office property at 09883 Luis Ridges, Suite 2162, East Benjamin, Hawaii 90365, comprising approximately 15,095 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 120 months, commencing on 2023-11-29 and concluding on 2033-11-28. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $9,173.77, payable on a monthly basis. A security deposit of $9,173.77 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.42% taking effect on 2024-11-28. Additional rents include Insurance (Fixed annual contribution), Management Fee (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: Janitorial services within leased premises; Pest control within the unit; Interior non-structural maintenance; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. Premises to be used solely for general office purposes. Signage must be approved by Lessor.

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.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-PICK-2023-123",
  "document_date": "2023-08-01",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Pacheco-Heath",
      "entity_address": "0280 Alice Hills Apt. 762\nPort Emilyhaven, TN 49041",
      "contact_person": "Charles Kirk"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Green LLC",
      "entity_address": "1232 Christopher Skyway Apt. 170\nJamesside, VA 37859"
    }
  ],
  "property_details": {
    "property_address": "09883 Luis Ridges, Suite 2162, East Benjamin, Hawaii 90365",
    "square_footage": 15095,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 2162"
  },
  "lease_term": {
    "start_date": "2023-11-29",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2033-11-28"
  },
  "financial_terms": {
    "base_rent_initial": 9173.77,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-11-28",
        "increase_value": 8.42,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-11-28",
        "increase_value": 6.35,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-11-28",
        "increase_value": 1.72,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-11-28",
        "increase_value": 7.8,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 3577.75
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 4674.13
      }
    ],
    "security_deposit_amount": 9173.77
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Pest control within the unit",
      "Interior non-structural maintenance",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Premises to be used solely for general office purposes.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances."
  }
}