<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-2023-5470
Status: Amended
Governing Jurisdiction: Mississippi

This abstract summarizes the key terms of the fully executed lease agreement between the Landlord, Bryant Inc Ventures, and the Tenant, Horn-Campos. 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 2023-10-11.

The subject of this lease concerns the Partial floor 46A in Building 4 at the property located at 5211 Paula Inlet Apt. 169
Williamview, NC 02968. This Warehouse facility consists of approximately 43651 rentable square feet and is designated for the purpose of Professional services and ancillary administrative functions..

The lease commencement is scheduled for 2023-11-13, establishing an initial term of 7 years. The Tenant's monthly obligation for base rent begins at $181,078.90. This figure is scheduled for an annual increase based on a 3.68% escalation rate. A security deposit of $362,157.80 has been furnished by the Tenant.

The Tenant holds an option to extend the lease for an additional 24 months. 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 12.5% per annum. Note the existence of a Landlord Recapture Right clause, which can be triggered with 60 days' notice and involves a penalty structured as 10 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-2023-5470",
  "parties": {
    "lessor_details": {
      "name": "Bryant Inc Ventures",
      "entity_type": "Limited Partnership",
      "address": "40565 Benjamin Common Suite 155\nRussellville, OK 00837"
    },
    "lessee_details": {
      "name": "Horn-Campos",
      "entity_type": "Corporation",
      "address": "5534 David Inlet\nDenisechester, WA 22132"
    }
  },
  "property_details": {
    "address": "5211 Paula Inlet Apt. 169\nWilliamview, NC 02968",
    "property_type": "Warehouse",
    "lease_area_description": "Partial floor 46A in Building 4",
    "square_footage_sqft": 43651
  },
  "lease_terms": {
    "effective_date": "2023-10-11",
    "commencement_date": "2023-11-13",
    "initial_term_months": 84,
    "option_to_renew": [
      {
        "option_number": 1,
        "duration_months": 24,
        "renewal_rate_adjustment": "CPI-U Adjustment, not to exceed 4%"
      }
    ],
    "requires_landlord_consent_for_sublease": false,
    "termination_clauses": [
      {
        "clause_type": "Landlord Recapture Right",
        "notice_period_days": 60,
        "penalty_details": "10 months' rent plus unamortized transaction costs."
      },
      {
        "clause_type": "Tenant Early Termination Option",
        "notice_period_days": 180,
        "penalty_details": "3 months' rent plus unamortized transaction costs."
      }
    ]
  },
  "financial_terms": {
    "base_rent_details": {
      "initial_monthly_rent_usd": 181078.9,
      "annual_escalation_rate_percent": 3.68,
      "escalation_frequency": "Annually"
    },
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "basis": "Pro Rata Share (21.63%)",
        "estimated_monthly_amount_usd": 27161.84
      },
      {
        "component_name": "Property Taxes",
        "basis": "Pro Rata Share (24.45%)",
        "estimated_monthly_amount_usd": 18107.89
      },
      {
        "component_name": "HVAC Maintenance Contract",
        "basis": "Fixed Annual Fee"
      }
    ],
    "security_deposit_usd": 362157.8,
    "late_payment_interest_rate_percent": 12.5
  },
  "permitted_use": "Professional services and ancillary administrative functions.",
  "governing_law_state": "Mississippi",
  "document_status": "Amended"
}