<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-2024-9192
Status: Amended
Governing Jurisdiction: New Hampshire

This abstract summarizes the key terms of the fully executed lease agreement between the Landlord, Copeland, Smith and Murphy LLC, and the Tenant, Gonzales, Simpson and Cooper. 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 2024-01-11.

The subject of this lease concerns the Partial floor 36 in Building 9 at the property located at PSC 0348, Box 6644
APO AE 42011. This Office facility consists of approximately 45671 rentable square feet and is designated for the purpose of Professional services and ancillary administrative functions..

The lease commencement is scheduled for 2024-04-02, establishing an initial term of 3 years. The Tenant's monthly obligation for base rent begins at $131,570.54. This figure is scheduled for an annual increase based on a 2.4% escalation rate. A security deposit of $131,570.54 has been furnished by the Tenant.

The Tenant holds an option to extend the lease for an additional 60 months with 90 days' prior notice. During any such renewal, the rent will be adjusted according to Greater of Fair Market Value or previous rent + 3%. Any potential sublease of the premises requires Landlord's explicit consent.

Per section 10.1, Gonzales, Simpson and Cooper is required to maintain, at minimum, a Commercial General Liability policy of $5,000,000. The certificate of insurance must name all parties as stipulated, including Copeland, Smith and Murphy LLC. 

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-2024-9192",
  "parties": {
    "lessor_details": {
      "name": "Copeland, Smith and Murphy LLC",
      "entity_type": "Limited Partnership",
      "address": "236 Martinez Prairie\nNew Stevenburgh, MH 26245"
    },
    "lessee_details": {
      "name": "Gonzales, Simpson and Cooper",
      "entity_type": "S-Corp",
      "address": "2961 Theodore Burg Suite 488\nLake Brent, LA 40089"
    }
  },
  "property_details": {
    "address": "PSC 0348, Box 6644\nAPO AE 42011",
    "property_type": "Office",
    "lease_area_description": "Partial floor 36 in Building 9",
    "square_footage_sqft": 45671
  },
  "lease_terms": {
    "effective_date": "2024-01-11",
    "commencement_date": "2024-04-02",
    "initial_term_months": 36,
    "option_to_renew": [
      {
        "option_number": 1,
        "duration_months": 60,
        "renewal_rate_adjustment": "Greater of Fair Market Value or previous rent + 3%",
        "notice_period_days": 90
      },
      {
        "option_number": 2,
        "duration_months": 36,
        "renewal_rate_adjustment": "Fixed 3% annual increase",
        "notice_period_days": 90
      }
    ],
    "requires_landlord_consent_for_sublease": true
  },
  "financial_terms": {
    "base_rent_details": {
      "initial_monthly_rent_usd": 131570.54,
      "annual_escalation_rate_percent": 2.4,
      "escalation_frequency": "Annually"
    },
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "basis": "Pro Rata Share (9.27%)",
        "estimated_monthly_amount_usd": 19735.58
      },
      {
        "component_name": "Property Taxes",
        "basis": "Pro Rata Share (23.68%)",
        "estimated_monthly_amount_usd": 13157.05
      },
      {
        "component_name": "HVAC Maintenance Contract",
        "basis": "Fixed Annual Fee"
      }
    ],
    "security_deposit_usd": 131570.54
  },
  "permitted_use": "Professional services and ancillary administrative functions.",
  "governing_law_state": "New Hampshire",
  "document_status": "Amended",
  "insurance_requirements": [
    {
      "coverage_type": "Commercial General Liability",
      "minimum_coverage_amount_usd": 5000000,
      "named_insureds_required": [
        "Copeland, Smith and Murphy LLC"
      ]
    },
    {
      "coverage_type": "Property (All Risk/Special Form)",
      "minimum_coverage_amount_usd": 10000000,
      "named_insureds_required": [
        "Copeland, Smith and Murphy LLC",
        "Franklin Inc Mortgage Corp."
      ]
    }
  ]
}