Glossary
Lease abstraction
Extracting the key economic and legal terms from a lease — rent, term, escalations, options, recoveries — into a structured summary.
Lease abstraction is the process of pulling the important terms out of a lease document — base rent, lease term, renewal options, rent escalations, expense recoveries and key clauses — into a concise structured summary that can feed analysis.
It is essential for both underwriting a purchase and managing an in-place asset. Done manually it is tedious; AI abstraction speeds it up, and reconciling the abstract against the rent roll catches discrepancies.
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