<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-APPROACH-2024-825

This serves as a summary of the commercial lease executed on 2024-06-13 between the Lessor, Mccall LLC, and Lessee, Bass LLC. The subject of this agreement is the Medical Office property at 130 Olson Corner Suite 574, Suite 1674, Jasonport, Texas 11665, comprising approximately 4,323 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 120 months, commencing on 2024-09-07 and concluding on 2034-09-07. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $4,531.55, payable on a monthly basis. A security deposit of $4,531.55 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 6.5% taking effect on 2025-09-07. Additional rents include Common Area Utilities (Pro-rata share (5%)), Operating Expenses (CAM) (Fixed annual contribution), Operating Expenses (CAM) (Pro-rata share (5%)).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: 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. 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 present in the agreement.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-APPROACH-2024-825",
  "document_date": "2024-06-13",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Mccall LLC",
      "entity_address": "3828 Jones Station\nThomasstad, AL 10270",
      "contact_person": "Michael Walker"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Bass LLC"
    }
  ],
  "property_details": {
    "property_address": "130 Olson Corner Suite 574, Suite 1674, Jasonport, Texas 11665",
    "square_footage": 4323,
    "property_type": "Medical Office",
    "unit_identifier": "Suite 1674"
  },
  "lease_term": {
    "start_date": "2024-09-07",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2034-09-07"
  },
  "financial_terms": {
    "base_rent_initial": 4531.55,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-09-07",
        "increase_value": 6.5,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-09-07",
        "increase_value": 8.77,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-09-07",
        "increase_value": 8.29,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pro-rata share (5%)",
        "estimated_annual_cost": 7372.12
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 9649.95
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (5%)"
      }
    ],
    "security_deposit_amount": 4531.55
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "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.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice."
  }
}