<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-BOARD-2023-882

This serves as a summary of the commercial lease executed on 2023-11-13 between the Lessor, Hogan-Davila, and Lessee, Sawyer Group. The subject of this agreement is the Medical Office property at 494 Alvarez Pine Apt. 573, Suite 870, Pattonside, Montana 83513, comprising approximately 22,912 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 120 months, commencing on 2024-01-19 and concluding on 2034-01-18. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $3,527.83, payable on a quarterly basis. A security deposit of $3,527.83 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.9% taking effect on 2025-01-18. Additional rents include Common Area Utilities (Pass-through), Operating Expenses (CAM) (Pass-through), Insurance (Pro-rata share (8%)), Common Area Utilities (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Parking lot maintenance. The Lessee's duties include: Pest control within the unit; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. Premises to be used solely for general office purposes. No hazardous materials permitted on the premises without prior written consent.

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 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-BOARD-2023-882",
  "document_date": "2023-11-13",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Hogan-Davila",
      "entity_address": "249 Amber Ridges\nLake Gabrielle, AR 83413"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Sawyer Group",
      "entity_address": "3483 Ochoa Valleys\nLake Kevin, HI 39559"
    }
  ],
  "property_details": {
    "property_address": "494 Alvarez Pine Apt. 573, Suite 870, Pattonside, Montana 83513",
    "square_footage": 22912,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 870"
  },
  "lease_term": {
    "start_date": "2024-01-19",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2034-01-18"
  },
  "financial_terms": {
    "base_rent_initial": 3527.83,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-01-18",
        "increase_value": 6.9,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-01-18",
        "increase_value": 3.09,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2027-01-18",
        "increase_value": 0.1,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2028-01-18",
        "increase_value": 6.15,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1465.15
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (8%)",
        "estimated_annual_cost": 4679.6
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through"
      }
    ],
    "security_deposit_amount": 3527.83
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "Premises to be used solely for general office purposes.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}