<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-OIL-2024-952

This serves as a summary of the commercial lease executed on 2024-04-07 between the Lessor, Martin, Sandoval and Stewart, and Lessee, Wallace-Taylor. The subject of this agreement is the Medical Office property at 765 Ramos Points, Suite 185, West Kimberlyport, Alabama 62137, comprising approximately 13,634 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 2024-08-07. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $17,509.49, payable on a annually basis. A security deposit of $17,509.49 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 1.81 $/sf taking effect on 2025-08-07. Additional rents include Real Estate Taxes (Pass-through), Real Estate Taxes (Pro-rata share (14%)), Management Fee (Pro-rata share (9%)).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Common area maintenance (CAM). The Lessee's duties include: Pest control within the unit; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. No hazardous materials permitted on the premises without prior written consent. Business operations restricted to 8:00 AM to 10:00 PM.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Requires prior written consent from Lessor, not to be unreasonably withheld. 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-OIL-2024-952",
  "document_date": "2024-04-07",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Martin, Sandoval and Stewart",
      "entity_address": "76733 Flowers Crossing Apt. 293\nWest Michael, MO 85556"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Wallace-Taylor",
      "entity_address": "795 Bradley Points\nLake Kelly, NM 41949"
    }
  ],
  "property_details": {
    "property_address": "765 Ramos Points, Suite 185, West Kimberlyport, Alabama 62137",
    "square_footage": 13634,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 185"
  },
  "lease_term": {
    "start_date": "2024-08-07",
    "term_duration_months": 60,
    "renewal_options": []
  },
  "financial_terms": {
    "base_rent_initial": 17509.49,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-08-07",
        "increase_value": 1.81,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-08-07",
        "increase_value": 6.94,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1652.35
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (14%)"
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (9%)",
        "estimated_annual_cost": 5988.45
      }
    ],
    "security_deposit_amount": 17509.49
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "No hazardous materials permitted on the premises without prior written consent.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}