<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-2023-3471
Status: Amended
Governing Jurisdiction: Wyoming

This abstract summarizes the key terms of the fully executed lease agreement between the Landlord, Bates, Walsh and Lynch LLC, and the Tenant, Rodriguez-Wilson. 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 2023-10-31.

The subject of this lease concerns the Partial unit 50 in Building 3 at the property located at 445 Charles Ranch Apt. 123
Lake Diana, MT 45501. This Industrial facility consists of the specified area and is designated for the purpose of Professional services and ancillary administrative functions..

The lease commencement is scheduled for 2023-12-21, establishing an initial term of 5 years. The Tenant's monthly obligation for base rent begins at $49,789.33. This figure is scheduled for an annual increase based on a 3.03% escalation rate. A security deposit of $49,789.33 has been furnished by the Tenant.

The Tenant holds an option to extend the lease for an additional 36 months with 365 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.

Late payments of rent will accrue interest at a rate of 8.1% per annum. Note the existence of a Tenant Early Termination Option clause, which can be triggered with 60 days' notice and involves a penalty structured as 6 months' rent plus unamortized transaction costs.

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-2023-3471",
  "parties": {
    "lessor_details": {
      "name": "Bates, Walsh and Lynch LLC",
      "entity_type": "Limited Partnership",
      "address": "61958 Hess Avenue\nNew Christopher, PA 57405"
    },
    "lessee_details": {
      "name": "Rodriguez-Wilson",
      "entity_type": "LLC"
    }
  },
  "property_details": {
    "address": "445 Charles Ranch Apt. 123\nLake Diana, MT 45501",
    "property_type": "Industrial",
    "lease_area_description": "Partial unit 50 in Building 3"
  },
  "lease_terms": {
    "effective_date": "2023-10-31",
    "commencement_date": "2023-12-21",
    "initial_term_months": 60,
    "option_to_renew": [
      {
        "option_number": 1,
        "duration_months": 36,
        "renewal_rate_adjustment": "Greater of Fair Market Value or previous rent + 3%",
        "notice_period_days": 365
      },
      {
        "option_number": 2,
        "duration_months": 36,
        "renewal_rate_adjustment": "Greater of Fair Market Value or previous rent + 3%",
        "notice_period_days": 90
      }
    ],
    "requires_landlord_consent_for_sublease": true,
    "termination_clauses": [
      {
        "clause_type": "Tenant Early Termination Option",
        "notice_period_days": 60,
        "penalty_details": "6 months' rent plus unamortized transaction costs."
      }
    ]
  },
  "financial_terms": {
    "base_rent_details": {
      "initial_monthly_rent_usd": 49789.33,
      "annual_escalation_rate_percent": 3.03,
      "escalation_frequency": "Annually"
    },
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "basis": "Pro Rata Share (8.03%)",
        "estimated_monthly_amount_usd": 7468.4
      },
      {
        "component_name": "Property Taxes",
        "basis": "Pro Rata Share (20.49%)",
        "estimated_monthly_amount_usd": 4978.93
      },
      {
        "component_name": "HVAC Maintenance Contract",
        "basis": "Fixed Annual Fee"
      }
    ],
    "security_deposit_usd": 49789.33,
    "late_payment_interest_rate_percent": 8.1
  },
  "permitted_use": "Professional services and ancillary administrative functions.",
  "governing_law_state": "Wyoming",
  "document_status": "Amended"
}