<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-MIGHT-2023-172

This serves as a summary of the commercial lease executed on 2023-03-09 between the Lessor, Chandler PLC, and Lessee, Coleman, Wilson and Jensen. The subject of this agreement is the Medical Office property at 090 Andrews Knoll Suite 754, Suite 581, Brendaport, Connecticut 09664, comprising approximately 19,563 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 60 months, commencing on 2023-05-06 and concluding on 2028-05-05. The tenant holds 1 option(s) to renew, with the first being for a 24-month extension. To exercise this, a notice period of 270 days is required, with rent adjustment based on Market Rate.

Financial obligations begin with an initial base rent of $69,678.39, payable on a quarterly basis. The lease includes a structured rent escalation schedule, with the first increase of 0.6% taking effect on 2024-05-05. Additional rents include Common Area Utilities (Pro-rata share (9%)), Management Fee (Pass-through), Management Fee (Pro-rata share (7%)), Common Area Utilities (Pro-rata share (14%)).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Parking lot maintenance. The Lessee's duties include: All utility payments for the premises; Interior non-structural maintenance; Pest control within the unit; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. 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 present in the agreement.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-MIGHT-2023-172",
  "document_date": "2023-03-09",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Chandler PLC",
      "entity_address": "2697 Aaron Corners Apt. 964\nVasquezmouth, AR 91980",
      "contact_person": "Kimberly Davis"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Coleman, Wilson and Jensen"
    }
  ],
  "property_details": {
    "property_address": "090 Andrews Knoll Suite 754, Suite 581, Brendaport, Connecticut 09664",
    "square_footage": 19563,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 581"
  },
  "lease_term": {
    "start_date": "2023-05-06",
    "term_duration_months": 60,
    "renewal_options": [
      {
        "option_number": 1,
        "renewal_period_months": 24,
        "notice_period_days": 270,
        "rent_escalation_method": "Market Rate"
      }
    ],
    "end_date": "2028-05-05"
  },
  "financial_terms": {
    "base_rent_initial": 69678.39,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-05-05",
        "increase_value": 0.6,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-05-05",
        "increase_value": 7.24,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (9%)"
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 5121.14
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (7%)"
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (14%)",
        "estimated_annual_cost": 4692.62
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Interior non-structural maintenance",
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances."
  }
}