Question 1

What is LEASE SOLUTIONS

Accepted Answer

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.

Question 2

How is LEASE SOLUTIONS different?

Accepted Answer

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.

Question 3

What is a lease abstract?

Accepted Answer

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.

Question 4

Who can benefit from a lease abstract?

Accepted Answer

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.

Question 5

Why get a lease abstracted?

Accepted Answer

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.

FREQUENTLY ASKED QUESTIONS

What is LEASE SOLUTIONS

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Why get a lease abstracted?