<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-SMILE-2023-472

This serves as a summary of the commercial lease executed on 2023-05-14 between the Lessor, Gonzalez, Green and Moore, and Lessee, Mitchell and Sons. The subject of this agreement is the Industrial property at 5495 Davis Mall, Suite 1041, Thomasfurt, Louisiana 06411, comprising approximately 6,831 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 72 months, commencing on 2023-07-20 and concluding on 2029-07-19. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $7,338.69, payable on a quarterly basis. A security deposit of $7,338.69 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 1.94 $/sf taking effect on 2024-07-19. Additional rents include Common Area Utilities (Fixed annual contribution), Operating Expenses (CAM) (Pass-through).

Regarding property maintenance, the Lessor is responsible for: Structural repairs to building exterior and roof; HVAC system maintenance and replacement; Landscaping and snow removal. The Lessee's duties include: Pest control within the unit; Minor repairs to plumbing and electrical; Interior non-structural maintenance. 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: Permitted only to an affiliate entity with 30 days prior notice. A force majeure clause is notably absent in the agreement. Any potential disputes are to be resolved via Binding arbitration in Grayland. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-SMILE-2023-472",
  "document_date": "2023-05-14",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Gonzalez, Green and Moore"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Mitchell and Sons",
      "entity_address": "886 Donna Inlet Suite 459\nKatherineborough, WI 49722"
    }
  ],
  "property_details": {
    "property_address": "5495 Davis Mall, Suite 1041, Thomasfurt, Louisiana 06411",
    "square_footage": 6831,
    "property_type": "Industrial",
    "unit_identifier": "Suite 1041"
  },
  "lease_term": {
    "start_date": "2023-07-20",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2029-07-19"
  },
  "financial_terms": {
    "base_rent_initial": 7338.69,
    "rent_frequency": "quarterly",
    "escalation_schedule": [
      {
        "escalation_type": "Step-Up",
        "effective_date": "2024-07-19",
        "increase_value": 1.94,
        "increase_unit": "dollar_per_sqft"
      },
      {
        "escalation_type": "CPI-U Adjustment",
        "effective_date": "2025-07-19",
        "increase_value": 9.59,
        "increase_unit": "dollar_per_sqft"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Common Area Utilities",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4506.49
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 7444.12
      }
    ],
    "security_deposit_amount": 7338.69
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "Structural repairs to building exterior and roof",
      "HVAC system maintenance and replacement",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Pest control within the unit",
      "Minor repairs to plumbing and electrical",
      "Interior non-structural maintenance"
    ]
  },
  "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": "Permitted only to an affiliate entity with 30 days prior notice.",
    "dispute_resolution_method": "Binding arbitration in Grayland"
  }
}