126 Commercial Lease Fields

Every commercial lease contains critical data buried in dense legal language. Lextract extracts 125+ structured fields across 14 categories — here is what each field means and why it matters.

44 required fields18 CAM-relevant fields14 categories

Parties & Property

Key Dates & Term

Rent & Escalations

CAM & Operating Expenses

Lease Structure

The categorization of expense sharing.

Pro Rata Share

The tenant's fractional responsibility for total building operating expenses.

Base Year

The foundational year used to calculate operating expense increases in gross leases.

CAM Cap %

The maximum allowable annual increase for controllable operating expenses.

CAM Cap Type

Specifies whether the CAM cap is cumulative and compounding or non-cumulative.

Gross-Up %

The assumed occupancy level used to extrapolate variable operating expenses.

Management Fee Cap

The maximum allowable percentage of gross revenues charged for property management.

CAM Exclusions

Specific costs legally barred from being passed through to the tenant.

Audit Rights

Indicates whether the tenant possesses the legal right to audit the landlord's CAM ledgers.

Reconciliation Frequency

How often CAM charges are reconciled between estimated and actual amounts.

CAM Audit Deadline (Days)

Number of days tenant has to dispute or audit CAM reconciliation statement after receipt.

CAM Cap Type (Cumulative vs Annual)

Whether the CAM cap resets annually or compounds cumulatively year over year. Cumulative caps are significantly more favorable to tenants.

Controllable vs Non-Controllable Expenses

Defines which CAM expenses are subject to the cap (controllable) vs excluded from the cap such as taxes, insurance, and utilities (non-controllable).

Base Year Gross-Up

Whether the base year operating expenses are normalized to a full occupancy level (typically 95%). Protects tenant from inflated future CAM charges when occupancy rises.

CAM Estimate Method

How the landlord calculates monthly CAM estimates -- prior year actuals, budget-based, or fixed amount.

Options

Tenant Improvements & Construction

Insurance & Indemnity

Assignment & Subletting

Default & Remedies

Exclusivity & Co-tenancy

Parking & Common Areas

Utilities

Signage & Permitted Use

Miscellaneous

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