Lease Abstracting

Lease abstracting is the process of extracting and summarizing key information from a commercial lease agreement. It involves reviewing the full lease document to identify important details such as lease terms, rent amounts, payment schedules, renewal options, and obligations of both parties. The goal is to create a clear, concise summary or “abstract” that allows property managers and landlords to quickly understand the lease’s main points without having to review the entire contract each time. This helps in efficient lease management, decision making, and ensuring compliance with lease terms.