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 […]
Tag Archives: commercial lease abstraction
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 […]
