<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-PROFESSIONAL-2024-515

This serves as a summary of the commercial lease executed on 2024-06-28 between the Lessor, Tyler-Hall, and Lessee, Hartman PLC. The subject of this agreement is the Medical Office property at 794 Gabrielle Shore Suite 762, Suite 1634, Port Danielleport, South Dakota 48291, comprising approximately 10,645 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 60 months, commencing on 2024-08-29 and concluding on 2029-08-29. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $95,514.50, payable on a monthly basis. A security deposit of $95,514.50 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 7.4% taking effect on 2025-08-29. Additional rents include Common Area Utilities (Pro-rata share (2%)), Management Fee (Fixed annual contribution), Insurance (Pass-through), Insurance (Pro-rata share (4%)).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: Janitorial services within leased premises; Minor repairs to plumbing and electrical; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: No hazardous materials permitted on the premises without prior written consent. Premises to be used solely for general office purposes.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Requires prior written consent from Lessor, not to be unreasonably withheld. A force majeure clause is notably absent in the agreement. Any potential disputes are to be resolved via Binding arbitration in Marthaport. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-PROFESSIONAL-2024-515",
  "document_date": "2024-06-28",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Tyler-Hall",
      "entity_address": "60375 Meyer Glen\nPerezberg, WY 47411"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Hartman PLC",
      "entity_address": "475 Miller Skyway\nPort Rhondaberg, WV 10160"
    }
  ],
  "property_details": {
    "property_address": "794 Gabrielle Shore Suite 762, Suite 1634, Port Danielleport, South Dakota 48291",
    "square_footage": 10645,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 1634"
  },
  "lease_term": {
    "start_date": "2024-08-29",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2029-08-29"
  },
  "financial_terms": {
    "base_rent_initial": 95514.5,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-08-29",
        "increase_value": 7.4,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-08-29",
        "increase_value": 3.95,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-08-29",
        "increase_value": 1.64,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2028-08-28",
        "increase_value": 8.01,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (2%)",
        "estimated_annual_cost": 8676.63
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 4732.96
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (4%)",
        "estimated_annual_cost": 5758.32
      }
    ],
    "security_deposit_amount": 95514.5
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Minor repairs to plumbing and electrical",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "No hazardous materials permitted on the premises without prior written consent.",
    "Premises to be used solely for general office purposes."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Binding arbitration in Marthaport"
  }
}