Lease abstracts summarize key information in commercial real estate leases, including financial, legal and business data, in accordance with due diligence standards. The information gleaned from a lease abstract can be critical when considering a commercial real estate acquisition. While an ideal lease abstract is short and user-friendly, getting to that point involves reviewing, analyzing, and summarizing information that can be voluminous and complex. The lease abstract will vary in length depending on the details of the lease agreements and the overall objectives and complexity of the acquisition.
Resources
Individuals involved in preparing lease abstracts should have the necessary knowledge, training, and skills to capture and distill relevant information effectively, without missing key items that could affect the prospective purchaser or have a material impact on the transaction. When you outsource lease abstract services to a third party, you don’t need to spend the time or invest the resources to hire and train personnel to do this work, nor do you need to invest resources in designing and implementing processes. Instead, you can rely on the experience and expertise of the third-party provider. They will provide results promptly and cost-effectively.
Turnaround Time
Outsourcing lease abstract services can do more than simply save time and money. Besides helping companies avoid the time commitment and resources that would be needed to train personnel and build processes and controls, outsourcing can also result in a turnaround time that is significantly faster than firms could achieve by trying to wade through complex documents and terms on their own. When you work with a professional firm that provides lease abstract services in the regular course of business, you can handle transactions happening on a short time frame and still be confident that the voluminous transaction documents have been thoroughly reviewed.
Lease Abstract Services
Whether your organization has a one-time need for lease abstract services or you anticipate having an ongoing need, Baer Reed can help. Our professionals are trained attorneys and have met rigorous qualification standards similar to those at major U.S. law firms. We hold every employee to the highest standards for quality and service. To learn more about how we can help improve your processes and turnaround times, contact us online, or call us at (888) 433-1990.
Mr. Reyes graduated with honors from the Ateneo de Manila University, where he received the Procter and Gamble Student Excellence Award. He obtained his Juris Doctor degree from the Ateneo de Manila School of Law. During law school, Mr. Reyes was part of the Philippine delegation to the Willem C. Vis International Commercial Arbitration Moot held in Vienna, Austria. He was also a member of the Ateneo Society of International Law and the St. Thomas More Debate Society. He completed his internship at the Public Attorney’s Office. He wrote a thesis entitled: “To Kill A White Elephant: An Analysis of the Fiduciary Exception to the Corporate Attorney-Client Privilege”. Mr. Reyes is admitted to practice law in the Philippines and the State of New York.
Ms. Lardizabal-Manzano is a graduate of San Sebastian College-Recoletos, where she earned her B.A. in Political Science. In 2003, she received her law degree from Lyceum of the Philippines and was admitted to practice law in 2004.
Matthew Hersh earned a B.A. in Political Science from Columbia University in 1990 and graduated cum laude from Georgetown University Law Center in 1999. He also holds a master’s degree in international relations from the Georgetown University School of Foreign Service.
Cap. Avi Levak (Res. IDF) graduated from from Israel’s prestigious Ben-Gurion University of the Negev with a Bachelor of Science in Computer Science and Mathematics. He is also a Leadership and Communication coach trained in TuT coaching by Alon gal in Israel. Avi specializes in high-level, in-depth analysis of business and client needs, within systems and software strategy and architecture.
Ms. Tyler graduated cum laude from Georgetown University and received her law degree, cum laude, from Georgetown University Law Center. During law school, she interned at the United Nations Economic Commission for Europe. She also worked on The Tax Lawyer journal and was a member of the award-winning Barristers’ Council Mock Trial Team. Ms. Tyler is admitted to practice law in the State of California and the District of Columbia.
Ms. Cruz-Anonuevo graduated cum laude and top nine in her batch from Miriam College with a degree of Bachelor of Arts in InternationalStudies. She obtained her Juris Doctor degree from Ateneo de Manila University School of Law in Rockwell. During law school, she interned in Rivera, Santos, Maranan & Associates. She was also part of Ateneo’s Labor Law Bar Operations. She wrote her thesis on, “Stealing Privacy: Limitations on Media’s Photographic Invasion.,” Ms. Cruz-Anonuevo is admitted to practice law in the Philippines.
Ms. Aquino-Batallones obtained a Bachelor of Arts degree in Development Studies (with Minors in Global Politics and Hispanic Studies) from the Ateneo de Manila University. In 2011, she received her Juris Doctor degree from Ateneo de Manila University School of Law. During law school, she interned at Romulo Mabanta Buenaventura Sayoc & de los Angeles then became an intern of Ateneo Legal Services Center’s Clinical Legal Education Program.
Mr. De Guzman graduated from San Beda College with a degree of Bachelor of Arts Major in Economics and received his law degree from San Beda College of Law. He is multilingual and is fluent in three languages: Chinese, Filipino, and English. He was admitted to the Philippine Bar in 2003.