Pulling together a lease abstraction can be a monumental task. Having to comb through mountains of leasing documentation, financial, and management information full of legal speak and non-standard formatting is time consuming.
A commercial real estate lease abstract is a summary of information found within the lease regarding the property, landlord, tenant, and guarantors information along with lease dates and legal descriptions.
A good lease abstraction will also include unit square footage, current rent amounts along with future rents, including option rents, abatements or any reductions; security deposits, rent provisions for recovery, maintenance, taxes.
Lease abstracts often summarize:
The CRE lease abstraction process is not one to be taken lightly. The summary information put together must mirror the lease exactly, and concisely explain more than 70 data points. These data points are collected from the hundreds of pages leasing, financial, and management information.
When you look for a company to implement the CRE lease abstraction process, you should look for a provider with an in-house team of experts like the Services Hub. The team should also be able to answer any question you may have in regards to the CRE lease abstraction process from start to finish.
By working with a dedicated client consultant, commercial real estate investors, brokers, managers and lenders can have a summarized abstract to quickly and confidently compare properties.
Take control of your commercial real estate with updated lease abstractions today.
You’ll be able to confidently monitor properties, review, and easily update your abstract in the future. Upon completion, you’ll receive a full lease abstraction delivered by email through a secure server.
Through the Services Hub you’ll have access to an on-demand team of real estate analysts, who understands that financial modeling, and lease abstraction can be the key to efficiently managing your property or analyzing your next purchase.
Clik.ai has been helping Commercial Real Estate investors, brokers, lenders, and managers with lease abstractions since 2017 and have helped identify $12 Billion in commercial real estate opportunities.
By working with the Servicing Hub, Commercial Real Estate investors and lenders can reduce operating expenses, stay competitive, free up time to focus on customer relationships, and spend time on deal analysis rather than data input and lease abstracting.
When looking for a lease abstraction company, consider the Services Hub. Our on-demand team of commercial real estate analysts are experts in lease abstractions, lease audits, automated underwriting, Argus Modeling, and much more.
Contact the Services Hub for a lease abstraction of essential information at your fingertips.
