The Challenge
This expansion amendment doubles the tenant's footprint from 4,600 to 9,300 RSF. Extracting the correct square footage requires distinguishing between the original premises, the expansion space, and the combined total. Rent is stated per-square-foot for the expansion space only, requiring calculation of the blended total rent.
How Lextract Handled It
Lextract correctly identified the expansion space (4,654 RSF) and the original premises (4,646 RSF), computed the combined 9,300 RSF total, and extracted the blended annual rent. The per-RSF rate for the expansion space was extracted and the effective commencement date for the expansion was separately tracked.
5-15 minutes
Extraction Time
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