<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-ADMINISTRATION-2023-917

This serves as a summary of the commercial lease executed on 2023-09-26 between the Lessor, Hood, Lee and Contreras, and Lessee, Brown and Sons. The subject of this agreement is the Office property at 17936 Timothy Forges Apt. 931, Suite 553, Rhondaville, Kansas 38323, comprising approximately 4,680 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 2024-01-13 and concluding on 2034-01-12. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $3,335.84, payable on a monthly basis. A security deposit of $6,671.68 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 2.83% taking effect on 2025-01-12. Additional rents include Operating Expenses (CAM) (Pro-rata share (6%)), Real Estate Taxes (Fixed annual contribution), Operating Expenses (CAM) (Pro-rata share (15%)), Insurance (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Landscaping and snow removal. The Lessee's duties include: Pest control within the unit; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: Premises to be used solely for general office purposes. No structural alterations without Lessor approval. Signage must be approved by Lessor.

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 Litigation in the jurisdiction of the property location.. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-ADMINISTRATION-2023-917",
  "document_date": "2023-09-26",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Hood, Lee and Contreras",
      "entity_address": "8883 Laurie Pines\nLake John, AR 17952"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Brown and Sons",
      "entity_address": "1796 Miller Harbors\nScottburgh, OK 86174"
    }
  ],
  "property_details": {
    "property_address": "17936 Timothy Forges Apt. 931, Suite 553, Rhondaville, Kansas 38323",
    "square_footage": 4680,
    "property_type": "Office",
    "unit_identifier": "Suite 553"
  },
  "lease_term": {
    "start_date": "2024-01-13",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2034-01-12"
  },
  "financial_terms": {
    "base_rent_initial": 3335.84,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-01-12",
        "increase_value": 2.83,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-01-12",
        "increase_value": 1.66,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (6%)",
        "estimated_annual_cost": 6287.01
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (15%)"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through"
      }
    ],
    "security_deposit_amount": 6671.68
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "No structural alterations without Lessor approval.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}