A comprehensive commercial lease abstract contains structured fields across multiple categories. The exact fields depend on the abstraction tool or template used, but a standard commercial CRE abstract covers the following:
Party Information
- Landlord legal name and entity type
- Tenant legal name and entity type
- Guarantor name and guarantee type (personal, corporate, good guy)
- Property address and legal description
- Building name, size, and year built
Lease Term & Dates
- Lease commencement date
- Rent commencement date (may differ for free rent periods)
- Lease expiration date
- Option exercise notice deadlines
- Rent escalation effective dates
- CAM reconciliation deadline
Financial Terms
- Base rent (annual and monthly)
- Rent escalation type (fixed %, CPI, step)
- Rent escalation rate and frequency
- Free rent period duration and dates
- Security deposit amount and form (cash, letter of credit)
- Tenant improvement allowance amount and disbursement terms
- Operating expense stop or base year amount
- CAM charge estimate
- Percentage rent rate and breakpoint (retail leases)
Options & Rights
- Renewal option terms (number of options, term length, rent basis)
- Early termination option and conditions
- Expansion option terms
- Right of first refusal on adjacent space
- Right of first offer on building sale
- Purchase option terms
CAM & Operating Expenses
- CAM cap type and percentage
- CAM base year
- Gross-up provision (typically 95%)
- Excluded expenses from CAM
- Controllable vs. uncontrollable expense classification
- Tenant audit rights and notice period
Use & Operations
- Permitted use clause
- Exclusive use restriction (and scope)
- Hours of operation requirement (retail)
- Assignment and subletting rights and consent requirements
- Co-tenancy requirement
Landlord & Tenant Obligations
- Landlord maintenance obligations
- Tenant maintenance obligations
- Capital expenditure responsibility
- HVAC maintenance obligation
- Insurance requirements
Termination & Default
- Early termination fee formula
- Holdover rent rate
- Default cure period (monetary and non-monetary)
- Self-help remedy rights
Lextract's 126-Field Coverage
Lextract extracts 126 structured fields organized across these categories, with per-field confidence scores. The full field list is available at /fields.