<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-MANAGE-2024-371

This serves as a summary of the commercial lease executed on 2024-03-12 between the Lessor, Griffin-Ortiz, and Lessee, Duarte-Dennis. The subject of this agreement is the Industrial property at 2580 Andrew Manors, Suite 1757, Grahambury, Rhode Island 58155, comprising approximately 8,606 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 2024-03-14 and concluding on 2030-03-14. No renewal options were specified in the agreement.

Financial obligations begin with an initial base rent of $5,611.55, payable on a monthly basis. A security deposit of $5,611.55 has been secured. The lease includes a structured rent escalation schedule, with the first increase of 8.31% taking effect on 2025-03-14. Additional rents include Insurance (Pass-through), Operating Expenses (CAM) (Fixed annual contribution), Insurance (Fixed annual contribution), Operating Expenses (CAM) (Pro-rata share (6%)).

Regarding property maintenance, the Lessor is responsible for: HVAC system maintenance and replacement; Parking lot maintenance; Landscaping and snow removal. The Lessee's duties include: Interior non-structural maintenance; Pest control within the unit; Janitorial services within leased premises. Use of the premises is specifically limited. Key restrictions include: Business operations restricted to 8:00 AM to 10:00 PM. Signage must be approved by Lessor. No hazardous materials permitted on the premises without prior written consent.

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 Binding arbitration in Lauramouth. Please review this abstract against your portfolio records and advise of any discrepancies.</data>
{
  "agreement_id": "LEASE-MANAGE-2024-371",
  "document_date": "2024-03-12",
  "lease_parties": [
    {
      "party_type": "Lessor",
      "entity_name": "Griffin-Ortiz",
      "entity_address": "6322 Michelle Creek Apt. 014\nLake Diamondfort, MO 12009",
      "contact_person": "Richard Hammond"
    },
    {
      "party_type": "Lessee",
      "entity_name": "Duarte-Dennis",
      "entity_address": "746 Yu Plain\nWestshire, NJ 84504"
    }
  ],
  "property_details": {
    "property_address": "2580 Andrew Manors, Suite 1757, Grahambury, Rhode Island 58155",
    "square_footage": 8606,
    "property_type": "Industrial",
    "unit_identifier": "Suite 1757"
  },
  "lease_term": {
    "start_date": "2024-03-14",
    "term_duration_months": 72,
    "renewal_options": [],
    "end_date": "2030-03-14"
  },
  "financial_terms": {
    "base_rent_initial": 5611.55,
    "rent_frequency": "monthly",
    "escalation_schedule": [
      {
        "escalation_type": "Annual Fixed",
        "effective_date": "2025-03-14",
        "increase_value": 8.31,
        "increase_unit": "percentage"
      },
      {
        "escalation_type": "Step-Up",
        "effective_date": "2026-03-14",
        "increase_value": 4.99,
        "increase_unit": "percentage"
      }
    ],
    "additional_rent_components": [
      {
        "component_name": "Insurance",
        "payment_structure": "Pass-through",
        "estimated_annual_cost": 1985.44
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 8127.12
      },
      {
        "component_name": "Insurance",
        "payment_structure": "Fixed annual contribution",
        "estimated_annual_cost": 4358.22
      },
      {
        "component_name": "Operating Expenses (CAM)",
        "payment_structure": "Pro-rata share (6%)",
        "estimated_annual_cost": 4941.14
      }
    ],
    "security_deposit_amount": 5611.55
  },
  "maintenance_obligations": {
    "lessor_responsibilities": [
      "HVAC system maintenance and replacement",
      "Parking lot maintenance",
      "Landscaping and snow removal"
    ],
    "lessee_responsibilities": [
      "Interior non-structural maintenance",
      "Pest control within the unit",
      "Janitorial services within leased premises"
    ]
  },
  "use_restrictions": [
    "Business operations restricted to 8:00 AM to 10:00 PM.",
    "Signage must be approved by Lessor.",
    "No hazardous materials permitted on the premises without prior written consent."
  ],
  "legal_provisions": {
    "force_majeure_clause_present": true,
    "sublease_assignment_terms": "Requires prior written consent from Lessor, not to be unreasonably withheld.",
    "dispute_resolution_method": "Binding arbitration in Lauramouth"
  }
}