<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-2023-5215
Status: Amended
Governing Jurisdiction: Wisconsin

This abstract summarizes the key terms of the fully executed lease agreement between the Landlord, Robinson Inc Ventures, and the Tenant, Evans, Sanchez and Brooks. 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 2023-08-24.

The subject of this lease concerns the Partial suite 12 in Building 6 at the property located at 9395 Hall Row
South Jessica, NM 05457. This Mixed-Use facility consists of approximately 43003 rentable square feet and is designated for the purpose of Professional services and ancillary administrative functions..

The lease commencement is scheduled for 2023-11-01, establishing an initial term of 5 years. The Tenant's monthly obligation for base rent begins at $103,243.04. This figure is scheduled for an annual increase based on a 1.5% escalation rate. A security deposit of $206,486.08 has been furnished by the Tenant.

The Tenant holds an option to extend the lease for an additional 24 months with 180 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 requires Landlord's explicit consent.

Per section 10.1, Evans, Sanchez and Brooks 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 Robinson Inc Ventures. Note the existence of a Tenant Early Termination Option clause, which can be triggered with 90 days' notice and involves a penalty structured as 5 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-2023-5215",
  "parties": {
    "lessor_details": {
      "name": "Robinson Inc Ventures",
      "entity_type": "Limited Partnership",
      "address": "73193 Ruiz Corner\nPort Andrew, WA 81607"
    },
    "lessee_details": {
      "name": "Evans, Sanchez and Brooks",
      "entity_type": "Corporation",
      "address": "0897 Amy Camp Apt. 770\nAndersonburgh, NE 69895"
    }
  },
  "property_details": {
    "address": "9395 Hall Row\nSouth Jessica, NM 05457",
    "property_type": "Mixed-Use",
    "lease_area_description": "Partial suite 12 in Building 6",
    "square_footage_sqft": 43003
  },
  "lease_terms": {
    "effective_date": "2023-08-24",
    "commencement_date": "2023-11-01",
    "initial_term_months": 60,
    "option_to_renew": [
      {
        "option_number": 1,
        "duration_months": 24,
        "renewal_rate_adjustment": "CPI-U Adjustment, not to exceed 4%",
        "notice_period_days": 180
      },
      {
        "option_number": 2,
        "duration_months": 60,
        "renewal_rate_adjustment": "Fair Market Value",
        "notice_period_days": 365
      }
    ],
    "requires_landlord_consent_for_sublease": true,
    "termination_clauses": [
      {
        "clause_type": "Tenant Early Termination Option",
        "notice_period_days": 90,
        "penalty_details": "5 months' rent plus unamortized transaction costs."
      }
    ]
  },
  "financial_terms": {
    "base_rent_details": {
      "initial_monthly_rent_usd": 103243.04,
      "annual_escalation_rate_percent": 1.5,
      "escalation_frequency": "Annually"
    },
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "basis": "Pro Rata Share (14.36%)",
        "estimated_monthly_amount_usd": 15486.46
      },
      {
        "component_name": "Property Taxes",
        "basis": "Pro Rata Share (10.71%)",
        "estimated_monthly_amount_usd": 10324.3
      },
      {
        "component_name": "HVAC Maintenance Contract",
        "basis": "Fixed Annual Fee"
      }
    ],
    "security_deposit_usd": 206486.08
  },
  "permitted_use": "Professional services and ancillary administrative functions.",
  "governing_law_state": "Wisconsin",
  "document_status": "Amended",
  "insurance_requirements": [
    {
      "coverage_type": "Commercial General Liability",
      "minimum_coverage_amount_usd": 5000000,
      "named_insureds_required": [
        "Robinson Inc Ventures"
      ]
    },
    {
      "coverage_type": "Property (All Risk/Special Form)",
      "minimum_coverage_amount_usd": 10000000,
      "named_insureds_required": [
        "Robinson Inc Ventures",
        "Brown PLC Mortgage Corp."
      ]
    }
  ]
}