<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-LESS-2024-580

This serves as a summary of the commercial lease executed on 2024-04-05 between the Lessor, Chavez Group, and Lessee, Gordon, Hawkins and Matthews. The subject of this agreement is the Retail property at 1003 Joshua Curve, Suite 286, Fuentesmouth, Arkansas 66262, comprising approximately 20,676 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 84 months, commencing on 2024-09-06 and concluding on 2031-09-06. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $6,773.20, payable on a monthly basis. A security deposit of $13,546.40 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 5.47% taking effect on 2025-09-06. Additional rents include Insurance (Fixed annual contribution), Operating Expenses (CAM) (Pro-rata share (3%)), Management Fee (Fixed annual contribution), Operating Expenses (CAM) (Fixed annual contribution).

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; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: Premises to be used solely for general office purposes. Signage must be approved by Lessor.

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 Binding arbitration in Thomasfurt. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-LESS-2024-580",
  "document_date": "2024-04-05",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Chavez Group",
      "entity_address": "PSC 6829, Box 5473\nAPO AA 68086",
      "contact_person": "Lucas Lee"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Gordon, Hawkins and Matthews",
      "entity_address": "760 Misty Square Suite 897\nLake Vincent, HI 90130"
    }
  ],
  "property_details": {
    "property_address": "1003 Joshua Curve, Suite 286, Fuentesmouth, Arkansas 66262",
    "square_footage": 20676,
    "property_type": "Retail",
    "unit_identifier": "Suite 286"
  },
  "lease_term": {
    "start_date": "2024-09-06",
    "term_duration_months": 84,
    "renewal_options": [],
    "end_date": "2031-09-06"
  },
  "financial_terms": {
    "base_rent_initial": 6773.2,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-09-06",
        "increase_value": 5.47,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-09-06",
        "increase_value": 1.14,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2027-09-06",
        "increase_value": 0.82,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2028-09-05",
        "increase_value": 2.08,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (3%)"
      },
      {
        "component_name": "Management Fee",
        "payment_structure": "Fixed annual contribution"
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4678.52
      }
    ],
    "security_deposit_amount": 13546.4
  },
  "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",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Premises to be used solely for general office purposes.",
    "Signage must be approved by Lessor."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": false,
    "sublease_assignment_terms": "Strictly prohibited under all circumstances.",
    "dispute_resolution_method": "Binding arbitration in Thomasfurt"
  }
}