<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-2023-8727
Status: Amended
Governing Jurisdiction: Vermont

This abstract summarizes the key terms of the fully executed lease agreement between the Landlord, Johnson, Aguilar and Gallegos LLC, and the Tenant, Williams-Jones. 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 2023-12-07.

The subject of this lease concerns the Partial floor 33 in Building 6 at the property located at 634 Christopher Common Apt. 286
North Kevin, MT 94246. This Office facility consists of approximately 34774 rentable square feet and is designated for the purpose of General office and ancillary administrative functions..

The lease commencement is scheduled for 2024-01-03, establishing an initial term of 10 years. The Tenant's monthly obligation for base rent begins at $47,321.62. This figure is scheduled for an annual increase based on a 3.85% escalation rate. A security deposit of $94,643.24 has been furnished by the Tenant.

The Tenant holds an option to extend the lease for an additional 36 months with 270 days' prior notice. During any such renewal, the rent will be adjusted according to Fair Market Value. Any potential sublease of the premises requires Landlord's explicit consent.

Note the existence of a Landlord Recapture Right clause, which can be triggered with 90 days' notice and involves a penalty structured as 3 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-2023-8727",
  "parties": {
    "lessor_details": {
      "name": "Johnson, Aguilar and Gallegos LLC",
      "entity_type": "LLC",
      "address": "13031 Jessica Forks Apt. 332\nNew Larryshire, CO 88645"
    },
    "lessee_details": {
      "name": "Williams-Jones",
      "entity_type": "LLC",
      "address": "42143 Jessica Brooks\nSouth Charlesbury, NM 38864"
    }
  },
  "property_details": {
    "address": "634 Christopher Common Apt. 286\nNorth Kevin, MT 94246",
    "property_type": "Office",
    "lease_area_description": "Partial floor 33 in Building 6",
    "square_footage_sqft": 34774
  },
  "lease_terms": {
    "effective_date": "2023-12-07",
    "commencement_date": "2024-01-03",
    "initial_term_months": 120,
    "option_to_renew": [
      {
        "option_number": 1,
        "duration_months": 36,
        "renewal_rate_adjustment": "Fair Market Value",
        "notice_period_days": 270
      }
    ],
    "requires_landlord_consent_for_sublease": true,
    "termination_clauses": [
      {
        "clause_type": "Landlord Recapture Right",
        "notice_period_days": 90,
        "penalty_details": "3 months' rent plus unamortized transaction costs."
      },
      {
        "clause_type": "Tenant Early Termination Option",
        "notice_period_days": 60,
        "penalty_details": "5 months' rent plus unamortized transaction costs."
      }
    ]
  },
  "financial_terms": {
    "base_rent_details": {
      "initial_monthly_rent_usd": 47321.62,
      "annual_escalation_rate_percent": 3.85,
      "escalation_frequency": "Annually"
    },
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "basis": "Pro Rata Share (17.71%)",
        "estimated_monthly_amount_usd": 7098.24
      },
      {
        "component_name": "Property Taxes",
        "basis": "Pro Rata Share (22.63%)",
        "estimated_monthly_amount_usd": 4732.16
      },
      {
        "component_name": "HVAC Maintenance Contract",
        "basis": "Fixed Annual Fee"
      }
    ],
    "security_deposit_usd": 94643.24
  },
  "permitted_use": "General office and ancillary administrative functions.",
  "governing_law_state": "Vermont",
  "document_status": "Amended"
}