Lease abstraction is an integral part of the real estate due diligence process. It can be a tedious task. It requires attention to detail and a focus on accuracy, but it is critical to understanding any unexpected lease provisions, financial obligations, or other issues of importance in commercial real estate leases. At Baer Reed, our legal team is trained to identify and analyze these issues and compile them in a simplified summary for review by our clients.
The lease abstract will vary in length depending on the details of the lease agreements and the overall objectives and complexity of the client’s request. The lease abstract will summarize key financial, business, and legal specifics in accordance with due diligence standards. It will serve as an outline summarizing