<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-MORNING-2024-250

This serves as a summary of the commercial lease executed on 2024-05-26 between the Lessor, Schmidt, Grimes and Long, and Lessee, Shelton, Martinez and Harrington. The subject of this agreement is the Office property at 8152 Trujillo Tunnel, Suite 393, South Erin, Oklahoma 10536, comprising approximately 21,180 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 2024-09-17 and concluding on 2034-09-17. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $8,699.90, payable on a monthly basis. A security deposit of $17,399.80 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 9.17 $/sf taking effect on 2025-09-17. Additional rents include Management Fee (Pass-through), Management Fee (Fixed annual contribution), Operating Expenses (CAM) (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Landscaping and snow removal; Structural repairs to building exterior and roof. The Lessee's duties include: Pest control within the unit; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. 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 present 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-MORNING-2024-250",
  "document_date": "2024-05-26",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Schmidt, Grimes and Long",
      "entity_address": "8967 Wilson Island\nRodriguezmouth, CA 89668",
      "contact_person": "Stephanie Kim"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Shelton, Martinez and Harrington"
    }
  ],
  "property_details": {
    "property_address": "8152 Trujillo Tunnel, Suite 393, South Erin, Oklahoma 10536",
    "square_footage": 21180,
    "property_type": "Office"
  },
  "lease_term": {
    "start_date": "2024-09-17",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2034-09-17"
  },
  "financial_terms": {
    "base_rent_initial": 8699.9,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-09-17",
        "increase_value": 9.17,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-09-17",
        "increase_value": 8.66,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 4913.6
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2340.73
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 9786.82
      }
    ],
    "security_deposit_amount": 17399.8
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Landscaping and snow removal",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "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."
  }
}