<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-REASON-2023-696

This serves as a summary of the commercial lease executed on 2023-02-18 between the Lessor, Evans Inc, and Lessee, Bird Inc. The subject of this agreement is the Medical Office property at 823 Mitchell Cape, Suite 394, Brownborough, New York 78979, comprising approximately 19,088 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 2023-07-20 and concluding on 2028-07-19. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $95,819.64, payable on a annually basis. A security deposit of $191,639.28 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 7.24% taking effect on 2024-07-19. Additional rents include Operating Expenses (CAM) (Pro-rata share (12%)), Real Estate Taxes (Pro-rata share (11%)), Operating Expenses (CAM) (Fixed annual contribution).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); HVAC system maintenance and replacement. The Lessee's duties include: Janitorial services within leased premises; Minor repairs to plumbing and electrical; All utility payments for the premises; Interior non-structural maintenance. 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. No structural alterations without Lessor approval.

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 present in the agreement.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-REASON-2023-696",
  "document_date": "2023-02-18",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Evans Inc",
      "entity_address": "4782 King Point Apt. 906\nLake Anachester, FM 20370",
      "contact_person": "James Miller"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Bird Inc",
      "entity_address": "436 Lynn Light\nNashside, AR 45251"
    }
  ],
  "property_details": {
    "property_address": "823 Mitchell Cape, Suite 394, Brownborough, New York 78979",
    "square_footage": 19088,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 394"
  },
  "lease_term": {
    "start_date": "2023-07-20",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-07-19"
  },
  "financial_terms": {
    "base_rent_initial": 95819.64,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-07-19",
        "increase_value": 7.24,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-07-19",
        "increase_value": 8.81,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (12%)",
        "estimated_annual_cost": 3316.29
      },
      {
        "component_name": "Real Estate Taxes",
        "payment_structure": "Pro-rata share (11%)",
        "estimated_annual_cost": 5307.57
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 6792.38
      }
    ],
    "security_deposit_amount": 191639.28
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Minor repairs to plumbing and electrical",
      "All utility payments for the premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "No hazardous materials permitted on the premises without prior written consent.",
    "No structural alterations without Lessor approval."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld."
  }
}