<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-AMONG-2023-104

This serves as a summary of the commercial lease executed on 2023-11-06 between the Lessor, Mendez-Bender, and Lessee, Sanders, Lee and Johnson. The subject of this agreement is the Industrial property at 6309 Parker Manors Suite 359, Suite 599, East Linda, Utah 19633, comprising approximately 12,771 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 72 months, commencing on 2024-01-06 and concluding on 2030-01-05. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $91,433.47, payable on a annually basis. A security deposit of $91,433.47 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 3.24 $/sf taking effect on 2025-01-05. Additional rents include Operating Expenses (CAM) (Fixed annual contribution), Operating Expenses (CAM) (Fixed annual contribution), Common Area Utilities (Pass-through), Insurance (Pro-rata share (2%)).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Common area maintenance (CAM); Parking lot maintenance. The Lessee's duties include: Minor repairs to plumbing and electrical; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. Premises to be used solely for general office purposes. No hazardous materials permitted on the premises without prior written consent.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Strictly prohibited under all circumstances. A force majeure clause is notably absent in the agreement.  Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-AMONG-2023-104",
  "document_date": "2023-11-06",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Mendez-Bender",
      "entity_address": "27825 James Field Suite 007\nKingtown, MD 15538",
      "contact_person": "Cameron Morris"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Sanders, Lee and Johnson",
      "entity_address": "USCGC Flores\nFPO AP 49118"
    }
  ],
  "property_details": {
    "property_address": "6309 Parker Manors Suite 359, Suite 599, East Linda, Utah 19633",
    "square_footage": 12771,
    "property_type": "Industrial",
    "unit_identifier": "Suite 599"
  },
  "lease_term": {
    "start_date": "2024-01-06",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2030-01-05"
  },
  "financial_terms": {
    "base_rent_initial": 91433.47,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-01-05",
        "increase_value": 3.24,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-01-05",
        "increase_value": 5.05,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2027-01-05",
        "increase_value": 4.92,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2028-01-05",
        "increase_value": 4.85,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 3909.63
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 7293.17
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 7023.83
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (2%)",
        "estimated_annual_cost": 5734.3
      }
    ],
    "security_deposit_amount": 91433.47
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Common area maintenance (CAM)",
      "Parking lot maintenance"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "Premises to be used solely for general office purposes.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances."
  }
}