<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-2023-924

This serves as a summary of the commercial lease executed on 2023-04-06 between the Lessor, Chavez, Harris and Anderson, and Lessee, Sanchez LLC. The subject of this agreement is the Medical Office property at 7799 Torres Knolls Suite 252, Suite 2330, Lake Robertchester, West Virginia 30816, comprising approximately 11,488 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 2023-09-22 and concluding on 2030-09-21. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $1,211.23, payable on a quarterly basis. A security deposit of $1,211.23 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.72 $/sf taking effect on 2024-09-21. Additional rents include Common Area Utilities (Pro-rata share (10%)), Management Fee (Pro-rata share (2%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; HVAC system maintenance and replacement; Structural repairs to building exterior and roof. The Lessee's duties include: Pest control within the unit; Janitorial services within leased premises; Minor repairs to plumbing and electrical; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. Premises to be used solely for general office purposes.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Permitted, subject to Lessor's right of first refusal and a profit-sharing clause. 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-2023-924",
  "document_date": "2023-04-06",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Chavez, Harris and Anderson",
      "contact_person": "Erica Sheppard"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Sanchez LLC",
      "entity_address": "8538 Chavez Manor Suite 270\nSouth Ashleyville, AK 02473"
    }
  ],
  "property_details": {
    "property_address": "7799 Torres Knolls Suite 252, Suite 2330, Lake Robertchester, West Virginia 30816",
    "square_footage": 11488,
    "property_type": "Medical Office"
  },
  "lease_term": {
    "start_date": "2023-09-22",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2030-09-21"
  },
  "financial_terms": {
    "base_rent_initial": 1211.23,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-09-21",
        "increase_value": 6.72,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-09-21",
        "increase_value": 5.29,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-09-21",
        "increase_value": 8.96,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (10%)",
        "estimated_annual_cost": 7936.25
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (2%)",
        "estimated_annual_cost": 4764.85
      }
    ],
    "security_deposit_amount": 1211.23
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "HVAC system maintenance and replacement",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Janitorial services within leased premises",
      "Minor repairs to plumbing and electrical",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause."
  }
}