<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-AT-2022-753

This serves as a summary of the commercial lease executed on 2022-09-26 between the Lessor, Kim, Hawkins and Gomez, and Lessee, Montoya Group. The subject of this agreement is the Retail property at 6357 Kelly Station Suite 380, Suite 295, Lake Christopher, Texas 93992, comprising approximately 23,484 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 2022-10-08 and concluding on 2032-10-07. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $40,441.47, payable on a quarterly basis. A security deposit of $40,441.47 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 0.68% taking effect on 2023-10-08. Additional rents include Management Fee (Pro-rata share (13%)), Operating Expenses (CAM) (Fixed annual contribution), Management Fee (Pro-rata share (2%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: Pest control within the unit; Minor repairs to plumbing and electrical; All utility payments for the premises; 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 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 Mediation followed by litigation in the State of Washington. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-AT-2022-753",
  "document_date": "2022-09-26",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Kim, Hawkins and Gomez",
      "contact_person": "Katrina Erickson"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Montoya Group",
      "entity_address": "Unit 9096 Box 1060\nDPO AP 15213"
    }
  ],
  "property_details": {
    "property_address": "6357 Kelly Station Suite 380, Suite 295, Lake Christopher, Texas 93992",
    "square_footage": 23484,
    "property_type": "Retail"
  },
  "lease_term": {
    "start_date": "2022-10-08",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2032-10-07"
  },
  "financial_terms": {
    "base_rent_initial": 40441.47,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2023-10-08",
        "increase_value": 0.68,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-10-07",
        "increase_value": 7.5,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-10-07",
        "increase_value": 7.61,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-10-07",
        "increase_value": 2.13,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (13%)"
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2952.7
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (2%)",
        "estimated_annual_cost": 3343.63
      }
    ],
    "security_deposit_amount": 40441.47
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical",
      "All utility payments for the premises",
      "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": true,
    "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 Washington"
  }
}