<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-EXIST-2024-791

This serves as a summary of the commercial lease executed on 2024-07-12 between the Lessor, Mckenzie, Garza and Alexander, and Lessee, Hudson-Roth. The subject of this agreement is the Medical Office property at 4028 Dale Lane Suite 397, Suite 1077, Jessicabury, Hawaii 33807, comprising approximately 15,996 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 84 months, commencing on 2024-11-08 and concluding on 2031-11-08. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $8,080.97, payable on a monthly basis. A security deposit of $8,080.97 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.68% taking effect on 2025-11-08. Additional rents include Real Estate Taxes (Pass-through), Operating Expenses (CAM) (Pro-rata share (7%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Common area maintenance (CAM); HVAC system maintenance and replacement. The Lessee's duties include: Interior non-structural maintenance; Minor repairs to plumbing and electrical; Janitorial services within leased premises; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: Premises to be used solely for general office purposes. Signage must be approved by Lessor. No structural alterations without Lessor approval.

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.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-EXIST-2024-791",
  "document_date": "2024-07-12",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Mckenzie, Garza and Alexander"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Hudson-Roth",
      "entity_address": "572 Katherine Shores Suite 139\nEspinozaborough, KS 89881"
    }
  ],
  "property_details": {
    "property_address": "4028 Dale Lane Suite 397, Suite 1077, Jessicabury, Hawaii 33807",
    "square_footage": 15996,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 1077"
  },
  "lease_term": {
    "start_date": "2024-11-08",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2031-11-08"
  },
  "financial_terms": {
    "base_rent_initial": 8080.97,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-11-08",
        "increase_value": 6.68,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-11-08",
        "increase_value": 5.93,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-11-08",
        "increase_value": 5.33,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2028-11-07",
        "increase_value": 7.16,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 3685.2
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (7%)"
      }
    ],
    "security_deposit_amount": 8080.97
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Common area maintenance (CAM)",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Minor repairs to plumbing and electrical",
      "Janitorial services within leased premises",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "Signage must be approved by Lessor.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice."
  }
}