<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-REDUCE-2022-883

This serves as a summary of the commercial lease executed on 2022-09-12 between the Lessor, Jackson, Gonzalez and Henderson, and Lessee, Short-Wong. The subject of this agreement is the Retail property at 21597 Barrett Brooks, Suite 507, New Ashley, Connecticut 65426, comprising approximately 13,907 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 2022-11-28 and concluding on 2027-11-28. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $9,047.18, payable on a quarterly basis. A security deposit of $18,094.36 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 5.77 $/sf taking effect on 2023-11-28. Additional rents include Management Fee (Fixed annual contribution), Common Area Utilities (Fixed annual contribution), Operating Expenses (CAM) (Pro-rata share (8%)).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); Landscaping and snow removal; HVAC system maintenance and replacement. The Lessee's duties include: All utility payments for the premises; Pest control within the unit; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. 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 only to an affiliate entity with 30 days prior notice. A force majeure clause is present in the agreement. Any potential disputes are to be resolved via Mediation followed by litigation in the State of Texas. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-REDUCE-2022-883",
  "document_date": "2022-09-12",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Jackson, Gonzalez and Henderson",
      "entity_address": "46612 Walker Courts Apt. 933\nRossville, ME 72495"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Short-Wong",
      "entity_address": "284 Jones Hollow Suite 234\nAngelabury, KY 24648"
    }
  ],
  "property_details": {
    "property_address": "21597 Barrett Brooks, Suite 507, New Ashley, Connecticut 65426",
    "square_footage": 13907,
    "property_type": "Retail"
  },
  "lease_term": {
    "start_date": "2022-11-28",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2027-11-28"
  },
  "financial_terms": {
    "base_rent_initial": 9047.18,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2023-11-28",
        "increase_value": 5.77,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2024-11-27",
        "increase_value": 3.66,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-11-27",
        "increase_value": 7.35,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-11-27",
        "increase_value": 5.17,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4884.27
      },
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 2624.46
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (8%)",
        "estimated_annual_cost": 2212.63
      }
    ],
    "security_deposit_amount": 18094.36
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "Landscaping and snow removal",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Pest control within the unit",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Texas"
  }
}