<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-COVER-2023-980

This serves as a summary of the commercial lease executed on 2023-12-15 between the Lessor, Glenn-Bryant, and Lessee, Aguirre Inc. The subject of this agreement is the Retail property at 7864 Wood Tunnel Suite 213, Suite 1609, Comptonstad, Michigan 97097, comprising approximately 20,292 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 2024-03-26 and concluding on 2031-03-26. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $2,513.90, payable on a monthly basis. A security deposit of $5,027.80 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 4.3 $/sf taking effect on 2025-03-26. Additional rents include Management Fee (Fixed annual contribution), Common Area Utilities (Pro-rata share (10%)), Insurance (Pass-through), Operating Expenses (CAM) (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Structural repairs to building exterior and roof. The Lessee's duties include: Pest control within the unit; All utility payments for the premises; Minor repairs to plumbing and electrical; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: 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 Mediation followed by litigation in the State of Colorado. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-COVER-2023-980",
  "document_date": "2023-12-15",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Glenn-Bryant",
      "entity_address": "8604 Jasmine River Apt. 681\nKimberlyton, UT 82457"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Aguirre Inc"
    }
  ],
  "property_details": {
    "property_address": "7864 Wood Tunnel Suite 213, Suite 1609, Comptonstad, Michigan 97097",
    "square_footage": 20292,
    "property_type": "Retail"
  },
  "lease_term": {
    "start_date": "2024-03-26",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2031-03-26"
  },
  "financial_terms": {
    "base_rent_initial": 2513.9,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-03-26",
        "increase_value": 4.3,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-03-26",
        "increase_value": 0.59,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2027-03-26",
        "increase_value": 7.3,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2028-03-25",
        "increase_value": 2.4,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4295.83
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (10%)",
        "estimated_annual_cost": 3022.97
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution"
      }
    ],
    "security_deposit_amount": 5027.8
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "All utility payments for the premises",
      "Minor repairs to plumbing and electrical",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "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": "Mediation followed by litigation in the State of Colorado"
  }
}