<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-MOTHER-2023-277

This serves as a summary of the commercial lease executed on 2023-10-25 between the Lessor, Rogers PLC, and Lessee, Martin-Mitchell. The subject of this agreement is the Medical Office property at 449 Christopher Bridge, Suite 744, Dianetown, Vermont 77648, comprising approximately 20,260 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 2024-02-11 and concluding on 2034-02-10. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $8,331.87, payable on a quarterly basis. A security deposit of $16,663.74 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 4.66 $/sf taking effect on 2025-02-10. Additional rents include Insurance (Fixed annual contribution), Operating Expenses (CAM) (Fixed annual contribution), Common Area Utilities (Fixed annual contribution), Management Fee (Pro-rata share (2%)).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Structural repairs to building exterior and roof; Parking lot maintenance. The Lessee's duties include: Pest control within the unit; Minor repairs to plumbing and electrical. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. No structural alterations without Lessor approval. Premises to be used solely for general office purposes.

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. Any potential disputes are to be resolved via Binding arbitration in Greenview. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-MOTHER-2023-277",
  "document_date": "2023-10-25",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Rogers PLC",
      "entity_address": "8259 Karen Extensions\nEast Monique, MH 47188"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Martin-Mitchell"
    }
  ],
  "property_details": {
    "property_address": "449 Christopher Bridge, Suite 744, Dianetown, Vermont 77648",
    "square_footage": 20260,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 744"
  },
  "lease_term": {
    "start_date": "2024-02-11",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2034-02-10"
  },
  "financial_terms": {
    "base_rent_initial": 8331.87,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-02-10",
        "increase_value": 4.66,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2026-02-10",
        "increase_value": 2.53,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-02-10",
        "increase_value": 8.29,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4232.91
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 1417.64
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 8613.81
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (2%)",
        "estimated_annual_cost": 9149.69
      }
    ],
    "security_deposit_amount": 16663.74
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Structural repairs to building exterior and roof",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "No structural alterations without Lessor approval.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Binding arbitration in Greenview"
  }
}