<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-PHONE-2023-872

This serves as a summary of the commercial lease executed on 2023-12-09 between the Lessor, Copeland, Lyons and Cardenas, and Lessee, Murray Group. The subject of this agreement is the Office property at 919 Lowery Key, Suite 1114, North Katieberg, Wyoming 03006, comprising approximately 2,988 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 36 months, commencing on 2024-01-29 and concluding on 2027-01-28. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $90,449.86, payable on a quarterly basis. The lease includes a structured rent escalation schedule, with the first increase of 3.75 $/sf taking effect on 2025-01-28. Additional rents include Operating Expenses (CAM) (Pass-through), Insurance (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Landscaping and snow removal; Common area maintenance (CAM); Structural repairs to building exterior and roof. The Lessee's duties include: Interior non-structural maintenance; Janitorial services within leased premises; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. No hazardous materials permitted on the premises without prior written consent.

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 present in the agreement.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-PHONE-2023-872",
  "document_date": "2023-12-09",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Copeland, Lyons and Cardenas",
      "entity_address": "278 Sara Viaduct\nNew Dakota, VA 93957",
      "contact_person": "Anthony Gray"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Murray Group",
      "entity_address": "02588 Mcdowell Cove Apt. 852\nBryanfurt, HI 28065"
    }
  ],
  "property_details": {
    "property_address": "919 Lowery Key, Suite 1114, North Katieberg, Wyoming 03006",
    "square_footage": 2988,
    "property_type": "Office",
    "unit_identifier": "Suite 1114"
  },
  "lease_term": {
    "start_date": "2024-01-29",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2027-01-28"
  },
  "financial_terms": {
    "base_rent_initial": 90449.86,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-01-28",
        "increase_value": 3.75,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-01-28",
        "increase_value": 0.67,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 6986.94
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Landscaping and snow removal",
      "Common area maintenance (CAM)",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Janitorial services within leased premises",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause."
  }
}