<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-AMERICAN-2023-377

This serves as a summary of the commercial lease executed on 2023-11-07 between the Lessor, Lawson Ltd, and Lessee, Ayala-Rodriguez. The subject of this agreement is the Retail property at 0433 Davis River Apt. 281, Suite 1235, New Cheyennemouth, Rhode Island 11694, comprising approximately 10,149 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 2023-12-11 and concluding on 2028-12-10. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $17,153.83, payable on a annually basis. A security deposit of $17,153.83 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 9.98 $/sf taking effect on 2024-12-10. Additional rents include Insurance (Pass-through), Insurance (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Common area maintenance (CAM); HVAC system maintenance and replacement; Structural repairs to building exterior and roof. The Lessee's duties include: Minor repairs to plumbing and electrical; All utility payments for the premises; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: No structural alterations without Lessor approval. 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 North Carolina. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-AMERICAN-2023-377",
  "document_date": "2023-11-07",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Lawson Ltd",
      "entity_address": "95309 Snyder Islands\nNorth Marthamouth, ME 49732",
      "contact_person": "Colleen Gibson"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Ayala-Rodriguez",
      "entity_address": "7042 John Spring Apt. 183\nWest Vanessastad, HI 22828"
    }
  ],
  "property_details": {
    "property_address": "0433 Davis River Apt. 281, Suite 1235, New Cheyennemouth, Rhode Island 11694",
    "square_footage": 10149,
    "property_type": "Retail"
  },
  "lease_term": {
    "start_date": "2023-12-11",
    "term_duration_months": 60,
    "renewal_options": [],
    "end_date": "2028-12-10"
  },
  "financial_terms": {
    "base_rent_initial": 17153.83,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-12-10",
        "increase_value": 9.98,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2025-12-10",
        "increase_value": 7.86,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-12-10",
        "increase_value": 5.47,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through"
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 2448.93
      }
    ],
    "security_deposit_amount": 17153.83
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Common area maintenance (CAM)",
      "HVAC system maintenance and replacement",
      "Structural repairs to building exterior and roof"
    ],
    "lessee_responsibilities": [
      "Minor repairs to plumbing and electrical",
      "All utility payments for the premises",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "No structural alterations without Lessor approval.",
    "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 North Carolina"
  }
}