<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-2023-3793
Status: Executed
Governing Jurisdiction: Ohio

This abstract summarizes the key terms of the fully executed lease agreement between the Landlord, Reed-Maldonado Ventures, and the Tenant, Hunter-Nolan. 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 2023-09-16.

The subject of this lease concerns the Partial suite 17A in Building 10 at the property located at 6391 Kelsey Roads
Port Sue, NH 51025. This Retail facility consists of approximately 17527 rentable square feet and is designated for the purpose of General office and ancillary administrative functions..

The lease commencement is scheduled for 2023-10-28, establishing an initial term of 5 years. The Tenant's monthly obligation for base rent begins at $77,045.77. This figure is scheduled for an annual increase based on a 4.0% escalation rate. A security deposit of $77,045.77 has been furnished by the Tenant.

The Tenant holds an option to extend the lease for an additional 60 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.

Note the existence of a Tenant Early Termination Option clause, which can be triggered with 90 days' notice and involves a penalty structured as 8 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-2023-3793",
  "parties": {
    "lessor_details": {
      "name": "Reed-Maldonado Ventures",
      "entity_type": "LLC",
      "address": "5453 Fischer Gateway Suite 479\nRyanstad, AS 62546"
    },
    "lessee_details": {
      "name": "Hunter-Nolan",
      "entity_type": "S-Corp"
    }
  },
  "property_details": {
    "address": "6391 Kelsey Roads\nPort Sue, NH 51025",
    "property_type": "Retail",
    "lease_area_description": "Partial suite 17A in Building 10",
    "square_footage_sqft": 17527
  },
  "lease_terms": {
    "effective_date": "2023-09-16",
    "commencement_date": "2023-10-28",
    "initial_term_months": 60,
    "option_to_renew": [
      {
        "option_number": 1,
        "duration_months": 60,
        "renewal_rate_adjustment": "CPI-U Adjustment, not to exceed 4%"
      },
      {
        "option_number": 2,
        "duration_months": 60,
        "renewal_rate_adjustment": "Fixed 3% annual increase"
      }
    ],
    "requires_landlord_consent_for_sublease": false,
    "termination_clauses": [
      {
        "clause_type": "Tenant Early Termination Option",
        "notice_period_days": 90,
        "penalty_details": "8 months' rent plus unamortized transaction costs."
      }
    ]
  },
  "financial_terms": {
    "base_rent_details": {
      "initial_monthly_rent_usd": 77045.77,
      "annual_escalation_rate_percent": 4.0,
      "escalation_frequency": "Annually"
    },
    "additional_rent_components": [
      {
        "component_name": "Operating Expenses (CAM)",
        "basis": "Pro Rata Share (20.86%)",
        "estimated_monthly_amount_usd": 11556.87
      },
      {
        "component_name": "Property Taxes",
        "basis": "Pro Rata Share (21.41%)",
        "estimated_monthly_amount_usd": 7704.58
      },
      {
        "component_name": "HVAC Maintenance Contract",
        "basis": "Fixed Annual Fee"
      }
    ],
    "security_deposit_usd": 77045.77
  },
  "permitted_use": "General office and ancillary administrative functions.",
  "governing_law_state": "Ohio",
  "document_status": "Executed"
}