<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-POPULATION-2023-465

This serves as a summary of the commercial lease executed on 2023-10-18 between the Lessor, Alexander-Rivera, and Lessee, Simon-Perez. The subject of this agreement is the Office property at 02154 Moran Overpass Apt. 829, Suite 459, Jasonland, Pennsylvania 61663, comprising approximately 20,525 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 2023-10-30 and concluding on 2033-10-29. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $6,259.42, payable on a monthly basis. A security deposit of $12,518.84 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 5.83% taking effect on 2024-10-29. Additional rents include Insurance (Pass-through), Real Estate Taxes (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; HVAC system maintenance and replacement; Common area maintenance (CAM). The Lessee's duties include: All utility payments for the premises; 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. No structural alterations without Lessor approval. No hazardous materials permitted on the premises without prior written consent.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Requires prior written consent from Lessor, not to be unreasonably withheld. 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 Illinois. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-POPULATION-2023-465",
  "document_date": "2023-10-18",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Alexander-Rivera",
      "entity_address": "2337 Santiago Garden Suite 130\nLake Christine, ND 50134",
      "contact_person": "Richard Bates"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Simon-Perez",
      "entity_address": "2851 Clark Station Apt. 397\nBarbaraville, NV 62217"
    }
  ],
  "property_details": {
    "property_address": "02154 Moran Overpass Apt. 829, Suite 459, Jasonland, Pennsylvania 61663",
    "square_footage": 20525,
    "property_type": "Office",
    "unit_identifier": "Suite 459"
  },
  "lease_term": {
    "start_date": "2023-10-30",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2033-10-29"
  },
  "financial_terms": {
    "base_rent_initial": 6259.42,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-10-29",
        "increase_value": 5.83,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-10-29",
        "increase_value": 7.97,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1419.61
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2518.77
      }
    ],
    "security_deposit_amount": 12518.84
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "HVAC system maintenance and replacement",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "No structural alterations without Lessor approval.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Illinois"
  }
}