<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-TALK-2022-910

This serves as a summary of the commercial lease executed on 2022-10-16 between the Lessor, Green-Gray, and Lessee, Morales Inc. The subject of this agreement is the Medical Office property at 12386 Trevor Avenue, Suite 359, Armstrongborough, Mississippi 59019, comprising approximately 11,803 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 2022-12-30 and concluding on 2032-12-29. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $5,857.86, payable on a monthly basis. A security deposit of $11,715.72 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.46% taking effect on 2023-12-30. Additional rents include Real Estate Taxes (Fixed annual contribution), Management Fee (Pass-through), Operating Expenses (CAM) (Pass-through), Operating Expenses (CAM) (Fixed annual contribution).

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: Interior non-structural maintenance; Minor repairs to plumbing and electrical; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: Premises to be used solely for general office purposes. No hazardous materials permitted on the premises without prior written consent. No structural alterations without Lessor approval.

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 Binding arbitration in Johnsonfort. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-TALK-2022-910",
  "document_date": "2022-10-16",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Green-Gray",
      "entity_address": "92344 Foster Shoals Apt. 727\nWest Nicolemouth, LA 56301",
      "contact_person": "Michael Williams"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Morales Inc"
    }
  ],
  "property_details": {
    "property_address": "12386 Trevor Avenue, Suite 359, Armstrongborough, Mississippi 59019",
    "square_footage": 11803,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 359"
  },
  "lease_term": {
    "start_date": "2022-12-30",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2032-12-29"
  },
  "financial_terms": {
    "base_rent_initial": 5857.86,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2023-12-30",
        "increase_value": 6.46,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-12-29",
        "increase_value": 6.68,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2862.57
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 3493.87
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1703.06
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution"
      }
    ],
    "security_deposit_amount": 11715.72
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "HVAC system maintenance and replacement",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Minor repairs to plumbing and electrical",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "No hazardous materials permitted on the premises without prior written consent.",
    "No structural alterations without Lessor approval."
  ],
  "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": "Binding arbitration in Johnsonfort"
  }
}