<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-PUBLIC-2024-637

This serves as a summary of the commercial lease executed on 2024-06-15 between the Lessor, Hamilton-Hudson, and Lessee, Meadows-Vazquez. The subject of this agreement is the Retail property at 57064 Combs Ridges Apt. 915, Suite 1120, Lake Andrea, West Virginia 30651, comprising approximately 23,068 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 2024-11-24 and concluding on 2030-11-24. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $5,776.10, payable on a annually basis. A security deposit of $11,552.20 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 5.14 $/sf taking effect on 2025-11-24. Additional rents include Operating Expenses (CAM) (Pro-rata share (9%)), Common Area Utilities (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Structural repairs to building exterior and roof; Common area maintenance (CAM). The Lessee's duties include: Pest control within the unit; Janitorial services within leased premises; All utility payments for the premises. 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: Permitted only to an affiliate entity with 30 days prior notice. 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 Kansas. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-PUBLIC-2024-637",
  "document_date": "2024-06-15",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Hamilton-Hudson",
      "entity_address": "6459 Abbott Haven\nNorth Heather, NM 33382",
      "contact_person": "Cameron Gordon"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Meadows-Vazquez",
      "entity_address": "7530 Daisy Divide Suite 982\nAndrewmouth, SD 94610"
    }
  ],
  "property_details": {
    "property_address": "57064 Combs Ridges Apt. 915, Suite 1120, Lake Andrea, West Virginia 30651",
    "square_footage": 23068,
    "property_type": "Retail",
    "unit_identifier": "Suite 1120"
  },
  "lease_term": {
    "start_date": "2024-11-24",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2030-11-24"
  },
  "financial_terms": {
    "base_rent_initial": 5776.1,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-11-24",
        "increase_value": 5.14,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-11-24",
        "increase_value": 8.42,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (9%)",
        "estimated_annual_cost": 8342.02
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 2477.57
      }
    ],
    "security_deposit_amount": 11552.2
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Structural repairs to building exterior and roof",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Janitorial services within leased premises",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Kansas"
  }
}