<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-SIMPLY-2024-433

This serves as a summary of the commercial lease executed on 2024-04-23 between the Lessor, Williams-Rodriguez, and Lessee, Murphy-Jimenez. The subject of this agreement is the Retail property at 9759 Kristin Stravenue, Suite 302, Lake Matthewfort, Montana 17486, comprising approximately 9,241 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 36 months, commencing on 2024-06-28 and concluding on 2027-06-28. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $6,904.58, payable on a quarterly basis. A security deposit of $13,809.16 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 2.52% taking effect on 2025-06-28. Additional rents include Operating Expenses (CAM) (Fixed annual contribution), Insurance (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: All utility payments for the premises; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: Premises to be used solely for general office purposes. Business operations restricted to 8:00 AM to 10:00 PM. Signage must be approved by Lessor.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Strictly prohibited under all circumstances. A force majeure clause is present in the agreement.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-SIMPLY-2024-433",
  "document_date": "2024-04-23",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Williams-Rodriguez",
      "entity_address": "PSC 9104, Box 5975\nAPO AE 37130",
      "contact_person": "Tracy Henderson"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Murphy-Jimenez",
      "entity_address": "5797 Tammy Avenue Apt. 481\nZacharyland, IN 26534"
    }
  ],
  "property_details": {
    "property_address": "9759 Kristin Stravenue, Suite 302, Lake Matthewfort, Montana 17486",
    "square_footage": 9241,
    "property_type": "Retail",
    "unit_identifier": "Suite 302"
  },
  "lease_term": {
    "start_date": "2024-06-28",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2027-06-28"
  },
  "financial_terms": {
    "base_rent_initial": 6904.58,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-06-28",
        "increase_value": 2.52,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-06-28",
        "increase_value": 6.41,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-06-28",
        "increase_value": 6.01,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2028-06-27",
        "increase_value": 7.32,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 5538.31
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 6227.81
      }
    ],
    "security_deposit_amount": 13809.16
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances."
  }
}