<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-AGAINST-2024-415

This serves as a summary of the commercial lease executed on 2024-01-29 between the Lessor, Smith, Chang and Lee, and Lessee, Matthews, Tucker and Pitts. The subject of this agreement is the Medical Office property at 65048 Joann Glens, Suite 1537, Elliottberg, Wyoming 13856, comprising approximately 4,330 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 2024-01-29 and concluding on 2029-01-28. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $6,231.90, payable on a annually basis. The lease includes a structured rent escalation schedule, with the first increase of 3.84% taking effect on 2025-01-28. Additional rents include Operating Expenses (CAM) (Pass-through), Common Area Utilities (Fixed annual contribution), Management Fee (Pass-through), Common Area Utilities (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: Minor repairs to plumbing and electrical; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. 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: Strictly prohibited under all circumstances. 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-AGAINST-2024-415",
  "document_date": "2024-01-29",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Smith, Chang and Lee",
      "entity_address": "USS Leon\nFPO AA 05550",
      "contact_person": "Chad Cruz"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Matthews, Tucker and Pitts"
    }
  ],
  "property_details": {
    "property_address": "65048 Joann Glens, Suite 1537, Elliottberg, Wyoming 13856",
    "square_footage": 4330,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 1537"
  },
  "lease_term": {
    "start_date": "2024-01-29",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2029-01-28"
  },
  "financial_terms": {
    "base_rent_initial": 6231.9,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-01-28",
        "increase_value": 3.84,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-01-28",
        "increase_value": 6.05,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 6579.14
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 9507.04
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 4133.55
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2664.19
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "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": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}