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LEASE Solutions
LEASE SOLUTIONS is a lease abstract & consulting service. We provide simple lease solutions at your fingertips. Whether you need one lease abstracted or multiple leases abstracted, we are one click away.
LEASE SOLUTIONS is an in house lease abstract & consulting service comprised of real estate professionals with over 20 years of experience in the field. Our expertise is one of a kind built on career knowledge and real world experience.
A lease abstract is a summary of key components of a lease. A lease abstract simplifies data within a lease to allow lease holders easy access to critical data points. Each lease abstract may vary depending on lease type including but not limited to office, industrial, retail, storage/warehouse, multi-family, residential, etc.
Anyone that owns, rents, manages or leases real estate can benefit from a lease abstract. Examples include Property managers, tenants, landlords and real estate investors.
There are many reasons one might get a lease abstracted. 3 Key Reasons are:
1. Saves time - Leases can consist of hundreds of pages which can be difficult to find key information with all of the different terms, articles, sections, lease type, layout, etc. In a critical time crunch or a consideration for a portfolio sale with investors, having access to a uniform yet detailed format can be essential.
2. Revenue Optimization - This can be a key element especially for property managers. A lease abstract can quickly provide the needed information of critical dates and rent that the tenant is paying. A property manager can then review the information and request any owed reimbursements for cash flow purposes.
3. Mapping tool: A lease abstract is a great mapping tool to finding key information within a lease. It can be a shortcut to key provisions of the lease and where to find any additional information that might be needed.