Lease Abstraction
Turn a full lease PDF into a clean, cited abstract in minutes.
Days of manual lease review reduced to minutes per lease, with the initial setup done in under an hour
per lease
What it extracts
16 extraction fields
- Executive Summary
- A one-look roll-up of the lease's economic and legal spine so a reviewer can orient before reading the detail.
- Lessor
- The party granting the lease; mis-identifying it breaks every downstream notice, recovery, and payment.
- Lessee
- The party taking the lease, captured under whatever role name the document uses (tenant, subtenant, concessionaire).
- Premises
- The building, address, floor, suite, area, and permitted use that define exactly what space is leased.
- Lease Term
- The key lease dates and duration, distinguishing possession, rent commencement, and term commencement.
- ASC 842 Lease Classification
- The lessee-side operating-versus-finance classification under ASC 842, or a flag that the documents do not support a determination.
- Base Rent Schedule
- The scheduled base rent step by step, with monthly, annual, and per-square-foot figures and free-rent periods.
- Rent Escalations
- How base rent changes over the term, whether by fixed step, CPI or index, or market reset, with caps and conditions.
- Rent Abatements
- Every rent abatement or free-rent period, with monthly, annual, and per-square-foot amounts.
- Security Deposit
- The security deposit amount, including the stated value of a letter of credit or other non-cash instrument.
- Operating Expense and CAM Recoveries
- How operating costs are recovered from the tenant, including recovery method, base year, pro-rata share, and caps.
- Tenant Improvement Allowance
- Any landlord-provided TI or construction allowance, its amount, payment basis, and deadline to collect.
- Repair and Maintenance Responsibilities
- Which party bears each repair and maintenance obligation, with a flag where the lease and its amendments conflict.
- Renewal and Other Options
- Every option and special right (renewal, termination, purchase, ROFR/ROFO, expansion) with its notice window, rate basis, and ASC 842 reasonably-certain assessment.
- Key Lease Clauses
- The material legal clauses of the lease summarized with their section references.
- Amendment and Document Index
- The full chronological chain of documents in the lease file, establishing which amendment is most recent.
Where it fits
Lease administration
Upstream
Lease intake - executed leases, amendments, and estoppels arriving by email, Drive, or SharePoint as acquisitions and new deals close
This step
Abstraction
Downstream
- Rent Roll Analysis
- CAM Reconciliation
- T-12 Extraction
- Audit and lender reporting
What it needs
Documents
- Executed lease
- Amendments
- Addenda and riders
- Estoppel certificates
- Guaranties
- Commencement letters
Systems
- Google Drive
- SharePoint
Prerequisites
- Your lease abstract template
- Any prior abstracts for the property
- The complete document chain including all amendments
What it produces
A completed lease abstract with every value cited to its source clause
Delivered to
- Deal folder
- Lease administration system
- Asset-management system
Review model
A lease analyst reviews flagged clauses, the ASC 842 classification, and each cited value before the abstract is trusted and loaded to the system of record.
Who uses it
Volume fit
Works best for
teams abstracting dozens or more leases a month, especially across acquisitions
Too small for
a one-off single-lease review where manual reading is faster than setup
Grounded in
- ASC 842 (FASB Accounting Standards Codification, Leases)verified as of 2026-07-22
Changelog
- July 2026
based on a production deployment at a national commercial real estate owner-operator
Related agents
Browse all agents →Rent Roll Analysis
Build clean, normalized rent rolls and unit-mix, occupancy, and loss-to-lease analytics from messy source files across any PMS.
CAM Reconciliation
Reconcile a landlord's CAM statement against the lease and catch every over- or under-billing, with each finding cited to the controlling clause.
T-12 Extraction
Pull twelve months of trailing financials into a clean, cited NOI spread that is comparable across properties.
See Lease Abstraction on your documents
We'll run it against a file of yours and walk through every cited field.