<format type="json">{lease_id: string, parties: {lessor_details: {name: string, entity_type: string, address: string optional}, lessee_details: {name: string, entity_type: string, address: string optional}}, property_details: {address: string, property_type: string, square_footage_sqft: number optional, lease_area_description: string}, lease_terms: {effective_date: date, commencement_date: date, initial_term_months: number, option_to_renew: list[{option_number: number, duration_months: number, notice_period_days: number optional, renewal_rate_adjustment: string}], termination_clauses: list[{clause_type: string, notice_period_days: number, penalty_details: string}] optional, requires_landlord_consent_for_sublease: boolean}, financial_terms: {base_rent_details: {initial_monthly_rent_usd: number, annual_escalation_rate_percent: number, escalation_frequency: string}, additional_rent_components: list[{component_name: string, basis: string, estimated_monthly_amount_usd: number optional}], security_deposit_usd: number, late_payment_interest_rate_percent: number optional}, insurance_requirements: list[{coverage_type: string, minimum_coverage_amount_usd: number, named_insureds_required: list[string]}] optional, permitted_use: string, governing_law_state: string, document_status: string}</format> <data>INTERNAL MEMORANDUM - LEASE ABSTRACT

Reference ID: LSE-COM-2024-5248
Status: Draft
Governing Jurisdiction: Missouri

This abstract summarizes the key terms of the fully executed lease agreement between the Landlord, Bowman-Wagner LLC, and the Tenant, Nelson PLC. The team is preparing for the quarterly portfolio review next month, so please ensure all financial models are updated with this data. The lease agreement was made effective as of 2024-06-22.

The subject of this lease concerns the Entire floor 30B in Building 3 at the property located at 35888 Mary Causeway
Christophershire, OK 94808. This Industrial facility consists of approximately 29757 rentable square feet and is designated for the purpose of General office and ancillary administrative functions..

The lease commencement is scheduled for 2024-09-18, establishing an initial term of 3 years. The Tenant's monthly obligation for base rent begins at $73,202.22. This figure is scheduled for an annual increase based on a 4.0% escalation rate. A security deposit of $73,202.22 has been furnished by the Tenant.

The Tenant holds an option to extend the lease for an additional 36 months with 90 days' prior notice. During any such renewal, the rent will be adjusted according to CPI-U Adjustment, not to exceed 4%. Any potential sublease of the premises is permitted subject to standard conditions.

Late payments of rent will accrue interest at a rate of 7.7% per annum. 

Additional rent provisions for pass-throughs like Operating Expenses and Property Taxes are based on the tenant's pro rata share. Further details can be found in the full agreement document stored in the central repository. Please complete your review by end of week.</data>
{
  "lease_id": "LSE-COM-2024-5248",
  "parties": {
    "lessor_details": {
      "name": "Bowman-Wagner LLC",
      "entity_type": "Limited Partnership",
      "address": "Unit 0774 Box 0761\nDPO AP 68215"
    },
    "lessee_details": {
      "name": "Nelson PLC",
      "entity_type": "S-Corp",
      "address": "567 Joshua Ford\nMillerfort, WY 73298"
    }
  },
  "property_details": {
    "address": "35888 Mary Causeway\nChristophershire, OK 94808",
    "property_type": "Industrial",
    "lease_area_description": "Entire floor 30B in Building 3",
    "square_footage_sqft": 29757
  },
  "lease_terms": {
    "effective_date": "2024-06-22",
    "commencement_date": "2024-09-18",
    "initial_term_months": 36,
    "option_to_renew": [
      {
        "option_number": 1,
        "duration_months": 36,
        "renewal_rate_adjustment": "CPI-U Adjustment, not to exceed 4%",
        "notice_period_days": 90
      },
      {
        "option_number": 2,
        "duration_months": 24,
        "renewal_rate_adjustment": "Fixed 3% annual increase",
        "notice_period_days": 270
      }
    ],
    "requires_landlord_consent_for_sublease": false
  },
  "financial_terms": {
    "base_rent_details": {
      "initial_monthly_rent_usd": 73202.22,
      "annual_escalation_rate_percent": 4.0,
      "escalation_frequency": "Annually"
    },
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "basis": "Pro Rata Share (9.37%)",
        "estimated_monthly_amount_usd": 10980.33
      },
      {
        "component_name": "Property Taxes",
        "basis": "Pro Rata Share (7.56%)",
        "estimated_monthly_amount_usd": 7320.22
      },
      {
        "component_name": "HVAC Maintenance Contract",
        "basis": "Fixed Annual Fee"
      }
    ],
    "security_deposit_usd": 73202.22,
    "late_payment_interest_rate_percent": 7.7
  },
  "permitted_use": "General office and ancillary administrative functions.",
  "governing_law_state": "Missouri",
  "document_status": "Draft"
}