Free Lease Abstraction Tool

Reading a 60-page commercial lease and pulling out every financial term, option, and obligation takes most of an afternoon. This tool reads the lease and extracts terms across 12 categories: basic terms (landlord, tenant, premises, term, commencement, expiration), financial terms (base rent, escalation schedule, security deposit), operating expenses and CAM charges, maintenance and repair obligations, insurance requirements, use restrictions, assignment and subletting provisions, default and remedies, renewal and expansion options, estoppel requirements, and landlord/tenant improvement allowances. Each field gets a RED, YELLOW, or GREEN severity assessment. The tool also runs an ASC 842 lease classification test (5 criteria) to flag whether the lease is likely a finance lease or operating lease for accounting purposes. Works best with US commercial leases in English. International lease formats may not map to all 60 extraction fields.

Property managers and commercial real estate brokers use this when onboarding a new property or evaluating a portfolio acquisition. Instead of reading a 50-page lease to find the rent escalation schedule buried in Exhibit B, you upload the PDF and get all 60+ fields in a structured summary. Tenant-side counsel use it to quickly compare lease proposals from multiple landlords.

Abstracting a commercial lease manually takes 45 minutes to 2 hours per lease depending on complexity. For a portfolio acquisition with 30 leases, that is 22 to 60 hours of paralegal or associate time. This tool handles the initial extraction in seconds. It does not interpret complex percentage rent formulas or CPI-based escalation calculations. You will still need a real estate attorney to review unusual provisions.

Common use cases

• Portfolio acquisition: abstract 30+ leases to build a rent roll and identify below-market leases before closing
• Lease renewal preparation: extract current terms, escalation schedule, and renewal options 6 months before expiration
• ASC 842 compliance: run the 5-test lease classification on every lease in a portfolio for accounting treatment decisions

After your next portfolio review, try uploading the full stack. Create a free Eudoxic workspace to upload all leases and compare extracted terms across your entire portfolio.