<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-ALSO-2023-330

This serves as a summary of the commercial lease executed on 2023-07-26 between the Lessor, Santos Group, and Lessee, Chavez-Stewart. The subject of this agreement is the Retail property at 51887 Mitchell Harbors, Suite 479, Robinville, Arizona 31783, comprising approximately 13,482 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 2023-10-26 and concluding on 2026-10-25. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $1,264.91, payable on a annually basis. The lease includes a structured rent escalation schedule, with the first increase of 1.4 $/sf taking effect on 2024-10-25. Additional rents include Management Fee (Pro-rata share (9%)), Operating Expenses (CAM) (Pro-rata share (13%)), Insurance (Pro-rata share (10%)).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Landscaping and snow removal. The Lessee's duties include: All utility payments for the premises; Pest control within the unit. Use of the premises is specifically limited. Key restrictions include: Signage must be approved by Lessor. Business operations restricted to 8:00 AM to 10:00 PM.

From a legal perspective, the terms regarding subleasing or assignment are as follows: Requires prior written consent from Lessor, not to be unreasonably withheld. A force majeure clause is present 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-ALSO-2023-330",
  "document_date": "2023-07-26",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Santos Group",
      "contact_person": "Heather Mills"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Chavez-Stewart",
      "entity_address": "686 Perez Glen\nNancyville, HI 47633"
    }
  ],
  "property_details": {
    "property_address": "51887 Mitchell Harbors, Suite 479, Robinville, Arizona 31783",
    "square_footage": 13482,
    "property_type": "Retail",
    "unit_identifier": "Suite 479"
  },
  "lease_term": {
    "start_date": "2023-10-26",
    "term_duration_months": 36,
    "renewal_options": [],
    "end_date": "2026-10-25"
  },
  "financial_terms": {
    "base_rent_initial": 1264.91,
    "rent_frequency": "annually",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-10-25",
        "increase_value": 1.4,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-10-25",
        "increase_value": 0.17,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2026-10-25",
        "increase_value": 4.78,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Management Fee",
        "payment_structure": "Pro-rata share (9%)",
        "estimated_annual_cost": 6891.57
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (13%)",
        "estimated_annual_cost": 6478.53
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Pro-rata share (10%)",
        "estimated_annual_cost": 4047.71
      }
    ]
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "All utility payments for the premises",
      "Pest control within the unit"
    ]
  },
  "use_restrictions": [
    "Signage must be approved by Lessor.",
    "Business operations restricted to 8:00 AM to 10:00 PM."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Litigation in the jurisdiction of the property location."
  }
}