<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-REPORT-2022-578

This serves as a summary of the commercial lease executed on 2022-11-05 between the Lessor, Mitchell, Ortega and Anderson, and Lessee, Anderson, Ramirez and Smith. The subject of this agreement is the Medical Office property at 0406 Richard Ferry Apt. 714, Suite 2190, Martinezmouth, Indiana 18222, comprising approximately 15,758 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 2023-04-24 and concluding on 2029-04-23. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $9,224.81, payable on a annually basis. A security deposit of $9,224.81 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.4% taking effect on 2024-04-23. Additional rents include Real Estate Taxes (Pro-rata share (3%)), Operating Expenses (CAM) (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Structural repairs to building exterior and roof; Parking lot maintenance. The Lessee's duties include: Janitorial services within leased premises; Pest control within the unit; Interior non-structural maintenance; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. 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 Binding arbitration in North Jessicaview. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-REPORT-2022-578",
  "document_date": "2022-11-05",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Mitchell, Ortega and Anderson"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Anderson, Ramirez and Smith",
      "entity_address": "9240 Jerry Camp Apt. 830\nWest Lindseyhaven, AZ 13306"
    }
  ],
  "property_details": {
    "property_address": "0406 Richard Ferry Apt. 714, Suite 2190, Martinezmouth, Indiana 18222",
    "square_footage": 15758,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 2190"
  },
  "lease_term": {
    "start_date": "2023-04-24",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2029-04-23"
  },
  "financial_terms": {
    "base_rent_initial": 9224.81,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-04-23",
        "increase_value": 6.4,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-04-23",
        "increase_value": 5.88,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-04-23",
        "increase_value": 1.71,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2027-04-23",
        "increase_value": 1.31,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (3%)",
        "estimated_annual_cost": 5517.83
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 6107.51
      }
    ],
    "security_deposit_amount": 9224.81
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Structural repairs to building exterior and roof",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Pest control within the unit",
      "Interior non-structural maintenance",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "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": "Binding arbitration in North Jessicaview"
  }
}