<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-GIVE-2023-123

This serves as a summary of the commercial lease executed on 2023-01-22 between the Lessor, Carney-Washington, and Lessee, Williams, Rose and Aguilar. The subject of this agreement is the Retail property at 2891 Chandler Courts Apt. 703, Suite 1796, Port Joanna, Ohio 44910, comprising approximately 2,074 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 36 months, commencing on 2023-05-31 and concluding on 2026-05-30. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $97,392.88, payable on a monthly basis. A security deposit of $194,785.76 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 4.95 $/sf taking effect on 2024-05-30. Additional rents include Management Fee (Pass-through), Insurance (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Parking lot maintenance; HVAC system maintenance and replacement. The Lessee's duties include: All utility payments for the premises; Interior non-structural maintenance. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. 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, subject to Lessor's right of first refusal and a profit-sharing clause. 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 Virginia. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-GIVE-2023-123",
  "document_date": "2023-01-22",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Carney-Washington"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Williams, Rose and Aguilar",
      "entity_address": "434 Jones Mall\nPort Marcus, IL 54068"
    }
  ],
  "property_details": {
    "property_address": "2891 Chandler Courts Apt. 703, Suite 1796, Port Joanna, Ohio 44910",
    "square_footage": 2074,
    "property_type": "Retail",
    "unit_identifier": "Suite 1796"
  },
  "lease_term": {
    "start_date": "2023-05-31",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2026-05-30"
  },
  "financial_terms": {
    "base_rent_initial": 97392.88,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2024-05-30",
        "increase_value": 4.95,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-05-30",
        "increase_value": 9.48,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-05-30",
        "increase_value": 4.23,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 7596.65
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through"
      }
    ],
    "security_deposit_amount": 194785.76
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Parking lot maintenance",
      "HVAC system maintenance and replacement"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Interior non-structural maintenance"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Permitted, subject to Lessor's right of first refusal and a profit-sharing clause.",
    "dispute_resolution_method": "Mediation followed by litigation in the State of Virginia"
  }
}