Abstracting is the basis for long-term lease management, and involves systematically capturing current and historical lease data into the software so it’s easily searchable and readily available at a moment’s notice. Key information for the abstracting process includes:

  • Basic Unit Information
  • Main Lease Data
  • Document History
  • Critical Contacts
  • Rent and Option Information
  • Option Schedule
  • Payment Schedule
  • Pass Through Expenses
  • Percentage Rent
  • Rights
  • Complete Contacts
  • Required Insurance
  • Maintenance Items
  • Provisions
  • Security Deposit Info and Schedule
  • Tenant Improvement Allowances and Disbursements