Lease abstraction process refers to the way in which the important or crucial points covered in a real estate lease agreement are summarized. A lease abstract summarizes the key aspects of a lease agreement from a legal, business, and financial point of view. A reader can understand the salient features of a lease agreement by […]
Tag Archives: commercial lease abstraction
Understanding Lease Abstracts- Real Estate Abstract
What is a Real Estate Abstract? In the commercial world, a real estate lease is amongst the most important documents. Although not everyone is equipped to understand the legal terminologies, this further necessitates the use of lease abstract. It is a precise summary of crucial information from an extensive lease document. It allows you to […]
A Glossary of Common Lease Terms
Understanding lease words and terms help you fully comprehend your lease agreement. Below are some commonly used words and terms in lease agreements and their definitions: Common Lease Terms Base Rent The minimum rent payable by a tenant excluding all other charges and dues. Breakpoint The gross sales amount point after which a tenant is […]
5 Tips for Commercial Lease Abstraction
Commercial leases have to capture every possible detail. They tend to get too long with boring and lifeless legalese, but each of those clauses are important. However, company’s senior management can’t spend too much time reading/scrutinizing them. This is a classic example of the gap between what the users need and what they have. To […]
