<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-PIECE-2022-366

This serves as a summary of the commercial lease executed on 2022-09-01 between the Lessor, Gates, Doyle and Brown, and Lessee, Torres, Day and Brown. The subject of this agreement is the Medical Office property at 5930 Harrison Square Suite 013, Suite 1269, South Heatherbury, Kentucky 44010, comprising approximately 2,452 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 36 months, commencing on 2022-12-07 and concluding on 2025-12-06. The tenant holds 1 option(s) to renew, with the first being for a 24-month extension. To exercise this, a notice period of 270 days is required, with rent adjustment based on CPI Adjustment.

Financial obligations begin with an initial base rent of $9,879.75, payable on a monthly basis. A security deposit of $19,759.50 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.04 $/sf taking effect on 2023-12-07. Additional rents include Management Fee (Pass-through), Insurance (Pro-rata share (14%)).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; HVAC system maintenance and replacement; Parking lot maintenance. The Lessee's duties include: Minor repairs to plumbing and electrical; Janitorial services within leased premises; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. Business operations restricted to 8:00 AM to 10:00 PM.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Strictly prohibited under all circumstances. 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-PIECE-2022-366",
  "document_date": "2022-09-01",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Gates, Doyle and Brown",
      "entity_address": "3989 Kelley Junctions Suite 526\nDavidbury, NM 23733",
      "contact_person": "Derek Adams"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Torres, Day and Brown",
      "entity_address": "USCGC Noble\nFPO AA 44953"
    }
  ],
  "property_details": {
    "property_address": "5930 Harrison Square Suite 013, Suite 1269, South Heatherbury, Kentucky 44010",
    "square_footage": 2452,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 1269"
  },
  "lease_term": {
    "start_date": "2022-12-07",
    "term_duration_months": 36,
    "renewal_options": [
      {
        "option_number": 1,
        "renewal_period_months": 24,
        "notice_period_days": 270,
        "rent_escalation_method": "CPI Adjustment"
      }
    ],
    "end_date": "2025-12-06"
  },
  "financial_terms": {
    "base_rent_initial": 9879.75,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2023-12-07",
        "increase_value": 6.04,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-12-06",
        "increase_value": 3.4,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-12-06",
        "increase_value": 2.46,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-12-06",
        "increase_value": 5.21,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 3502.98
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (14%)"
      }
    ],
    "security_deposit_amount": 19759.5
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "HVAC system maintenance and replacement",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "Janitorial services within leased premises",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances."
  }
}