Lease Abstraction and Administration
Detailed Abstract Sample
Integrand Analytics's lease administration support provides commercial real estate clients with different services including Lease Abstraction, Lease Audit, CAM Audit, CAM/TAX YE Reconciliations and Recovery Set-up in different portfolios based on each client's requirements.
Our team consists of senior lease administrators experienced in many lease accounting Softwares including but not limited to Yardi, JDE, MRI , LeaseHarbor, iLeasePro and many others.
Key benefits of engaging our team are quicker turnaround, quality product, and competitive pricing.
Integrand Analytics performs lease abstraction and administration services for owners, third party property managers and lenders. Every month we abstract hundreds of leases on behalf of clients. We provide on-demand support and do not bind our clients to a monthly minimum. Whether you need abstracts prepared for a single building or for the entire portfolio, Integrand's lease abstracting and administration services are the most cost effective and quality service that can meet your needs.
Advantages of using our Lease Administration services:
- On-demand support without any minimum committments
- High-quality output
- Competitively priced than other providers
- Quick turnaround time
A lease abstract summarizes specific, key information from a lengthy lease document and makes it available for users to monitor, review and update easily. The abstract should summarize selected information from the lease, and show the reader where to look for further information. Additionally, all the financial terms of the lease deal are documented in the abstract, which makes it useful for property investors or lenders and the process of the lease abstract is known as Lease Abstraction.
Lease Abstraction in Integrand Analytics
We summarize key financial and non-financial information in Integrand’s standard template or the client provided template. We can abstract directly in lease software such as Yardi, JDE, MRI, etc. Our standard template provides key financial and non-financial information such as tenant information, SF details, lease terms, renewal options, current & future base rent streams, percentage rent (retail only), other income (promotional charges, etc.,), utilities reimbursement, taxes reimbursement, insurance reimbursement, cam reimbursement, parking information, co-tenancy, go-dark, other termination options, tenant improvement allowance, right of first offer, right of first refusal, relocation, kiosk restriction and other notes includes discrepancy comments based on lease vs rent roll.
Process Framework for Lease Abstraction
Below are the steps followed at Integrand Analytics for Lease Abstraction:
- The client provides access to lease documents, rent roll, and additional information
- Prepare missing document report and share with the client
- Upon receipt of all documents, we start the abstraction of leases
- All abstracts are reviewed by Lease Abstraction Project Lead
- Completed abstracts are delivered by email or through secure server access
- Unlimited revisions and support provided for 2 weeks post delivery of the project
For information on other Lease Administration related services, please click on the individual description of the services.
CAM/TAX YE RECONCILIATIONS