<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-WORK-2024-532

This serves as a summary of the commercial lease executed on 2024-01-23 between the Lessor, Woodward, Kirby and Smith, and Lessee, Scott, Bell and Leonard. The subject of this agreement is the Medical Office property at 7036 York Hill Apt. 746, Suite 703, Anthonyfort, South Carolina 70494, comprising approximately 18,306 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 2024-06-18 and concluding on 2030-06-18. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $8,739.94, payable on a annually basis. A security deposit of $8,739.94 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 3.04 $/sf taking effect on 2025-06-18. Additional rents include Real Estate Taxes (Pass-through), Common Area Utilities (Pro-rata share (12%)), Common Area Utilities (Pass-through), Management Fee (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Structural repairs to building exterior and roof; HVAC system maintenance and replacement. The Lessee's duties include: Pest control within the unit; Interior non-structural maintenance; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. 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, 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 Binding arbitration in New Richardland. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-WORK-2024-532",
  "document_date": "2024-01-23",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Woodward, Kirby and Smith",
      "entity_address": "006 Travis Oval Apt. 935\nPetersonside, MP 15148",
      "contact_person": "Jake Norris"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Scott, Bell and Leonard"
    }
  ],
  "property_details": {
    "property_address": "7036 York Hill Apt. 746, Suite 703, Anthonyfort, South Carolina 70494",
    "square_footage": 18306,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 703"
  },
  "lease_term": {
    "start_date": "2024-06-18",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2030-06-18"
  },
  "financial_terms": {
    "base_rent_initial": 8739.94,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-06-18",
        "increase_value": 3.04,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-06-18",
        "increase_value": 8.22,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-06-18",
        "increase_value": 2.75,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2028-06-17",
        "increase_value": 6.94,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 2133.33
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (12%)",
        "estimated_annual_cost": 6939.41
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 7546.9
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 6960.94
      }
    ],
    "security_deposit_amount": 8739.94
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Structural repairs to building exterior and roof",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Interior non-structural maintenance",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "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": "Binding arbitration in New Richardland"
  }
}