<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-TRADE-2023-531

This serves as a summary of the commercial lease executed on 2023-03-03 between the Lessor, Taylor Ltd, and Lessee, Cobb-Clark. The subject of this agreement is the Industrial property at 26872 Natalie Oval, Suite 2015, Davidton, Connecticut 01400, comprising approximately 7,137 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 2023-05-18 and concluding on 2033-05-17. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $5,789.54, payable on a monthly basis. A security deposit of $11,579.08 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.44 $/sf taking effect on 2024-05-17. Additional rents include Management Fee (Pass-through), Management Fee (Pro-rata share (12%)).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Parking lot maintenance; HVAC system maintenance and replacement. The Lessee's duties include: Janitorial services within leased premises; Pest control within the unit; Interior non-structural maintenance; All utility payments for the premises. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. 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: Strictly prohibited under all circumstances. A force majeure clause is notably absent in the agreement. Any potential disputes are to be resolved via Litigation in the jurisdiction of the property location.. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-TRADE-2023-531",
  "document_date": "2023-03-03",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Taylor Ltd",
      "entity_address": "83800 Zimmerman Radial\nSouth Collin, MP 44689",
      "contact_person": "Laura Maxwell"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Cobb-Clark"
    }
  ],
  "property_details": {
    "property_address": "26872 Natalie Oval, Suite 2015, Davidton, Connecticut 01400",
    "square_footage": 7137,
    "property_type": "Industrial"
  },
  "lease_term": {
    "start_date": "2023-05-18",
    "term_duration_months": 120,
    "renewal_options": [],
    "end_date": "2033-05-17"
  },
  "financial_terms": {
    "base_rent_initial": 5789.54,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-05-17",
        "increase_value": 8.44,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-05-17",
        "increase_value": 5.74,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-05-17",
        "increase_value": 0.34,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1906.73
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (12%)"
      }
    ],
    "security_deposit_amount": 11579.08
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Parking lot maintenance",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "Janitorial services within leased premises",
      "Pest control within the unit",
      "Interior non-structural maintenance",
      "All utility payments for the premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Signage must be approved by Lessor.",
    "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.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}