<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-SKIN-2024-980

This serves as a summary of the commercial lease executed on 2024-02-27 between the Lessor, Clark, Holmes and Conley, and Lessee, Martinez, Washington and Lopez. The subject of this agreement is the Medical Office property at 002 Michael View Suite 093, Suite 1053, New Susanchester, Georgia 40538, comprising approximately 13,347 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 72 months, commencing on 2024-03-30 and concluding on 2030-03-30. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $6,901.84, payable on a quarterly basis. A security deposit of $6,901.84 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 3.7 $/sf taking effect on 2025-03-30. Additional rents include Real Estate Taxes (Fixed annual contribution), Insurance (Pro-rata share (9%)), Insurance (Pass-through), Operating Expenses (CAM) (Pro-rata share (15%)).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Common area maintenance (CAM). The Lessee's duties include: Pest control within the unit; All utility payments for the premises; Minor repairs to plumbing and electrical; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. Premises to be used solely for general office purposes. No hazardous materials permitted on the premises without prior written consent.

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 Mediation followed by litigation in the State of Louisiana. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-SKIN-2024-980",
  "document_date": "2024-02-27",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Clark, Holmes and Conley",
      "entity_address": "87032 Alexander Ford\nBarneston, IN 87436",
      "contact_person": "Samantha Gross"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Martinez, Washington and Lopez",
      "entity_address": "125 James Ranch\nKathleenville, WY 83780"
    }
  ],
  "property_details": {
    "property_address": "002 Michael View Suite 093, Suite 1053, New Susanchester, Georgia 40538",
    "square_footage": 13347,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 1053"
  },
  "lease_term": {
    "start_date": "2024-03-30",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2030-03-30"
  },
  "financial_terms": {
    "base_rent_initial": 6901.84,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-03-30",
        "increase_value": 3.7,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-03-30",
        "increase_value": 0.15,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2027-03-30",
        "increase_value": 6.27,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2839.45
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (9%)"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (15%)",
        "estimated_annual_cost": 2163.98
      }
    ],
    "security_deposit_amount": 6901.84
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "All utility payments for the premises",
      "Minor repairs to plumbing and electrical",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Premises to be used solely for general office purposes.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "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": "Mediation followed by litigation in the State of Louisiana"
  }
}