<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-MILLION-2022-533

This serves as a summary of the commercial lease executed on 2022-09-20 between the Lessor, Heath Group, and Lessee, Gentry, Walker and Fowler. The subject of this agreement is the Medical Office property at 8596 Graham Ranch Suite 614, Suite 617, East Michael, Iowa 25706, comprising approximately 11,131 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 2022-11-01 and concluding on 2029-10-31. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $6,188.49, payable on a quarterly basis. The lease includes a structured rent escalation schedule, with the first increase of 7.69% taking effect on 2023-11-01. Additional rents include Operating Expenses (CAM) (Pass-through), Common Area Utilities (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Common area maintenance (CAM). The Lessee's duties include: All utility payments for the premises; 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. Business operations restricted to 8:00 AM to 10:00 PM.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Permitted only to an affiliate entity with 30 days prior notice. A force majeure clause is notably absent in the agreement.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-MILLION-2022-533",
  "document_date": "2022-09-20",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Heath Group",
      "entity_address": "PSC 3908, Box 7938\nAPO AA 88724"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Gentry, Walker and Fowler",
      "entity_address": "USNS Wise\nFPO AP 93602"
    }
  ],
  "property_details": {
    "property_address": "8596 Graham Ranch Suite 614, Suite 617, East Michael, Iowa 25706",
    "square_footage": 11131,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 617"
  },
  "lease_term": {
    "start_date": "2022-11-01",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2029-10-31"
  },
  "financial_terms": {
    "base_rent_initial": 6188.49,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2023-11-01",
        "increase_value": 7.69,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-10-31",
        "increase_value": 6.5,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-10-31",
        "increase_value": 1.6,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 2055.94
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 7546.55
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Common area maintenance (CAM)"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Interior non-structural maintenance"
    ]
  },
  "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": false,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice."
  }
}