What Is a Commercial Lease? Key Terms, Types, and What to Watch For
A commercial lease is a legally binding contract between a landlord and a business tenant. Learn the key terms, lease types, and critical clauses before you sign.
By Angel Campa, Founder · Updated March 2026 · Saves 2–4 hours per property annually
Preparing for CAM reconciliation requires knowing each tenant's pro-rata share, CAM cap provisions, exclusion lists, and base year — all buried in lease documents. Without accurate extraction, landlords may over-bill or under-bill tenants, and tenants may miss their right to dispute.
Upload the executed lease for each tenant subject to CAM reconciliation.
Lextract identifies pro-rata share, CAM cap type and rate, base year, exclusions, controllable vs. non-controllable expense definitions, and tenant audit rights.
CAM caps and exclusions are frequently buried in exhibits and riders. Review confidence scores on these fields carefully and cross-check against the lease exhibit.
Export a per-tenant CAM summary showing each tenant's share, cap, and exclusion list in a side-by-side Excel format.
Load the per-tenant CAM data into your reconciliation model. Apply each tenant's cap and exclusions to the actual operating expenses to compute final CAM charges. Property managers can automate the reconciliation step with <a href="https://www.capveri.com" target="_blank" rel="noopener noreferrer">CapVeri.com</a>.
Learn about the full integration between Lextract and Microsoft Excel, including supported export formats and critical fields.
View Microsoft Excel integration →Lextract extracts pro-rata share percentage, CAM cap type (cumulative or non-cumulative), annual CAM cap rate, base year for controllable expenses, exclusion list items, and tenant audit rights window.
Yes. Lextract flags gross-up clauses that allow the landlord to normalize operating expenses to a specified occupancy level, which affects the CAM denominator.
A commercial lease is a legally binding contract between a landlord and a business tenant. Learn the key terms, lease types, and critical clauses before you sign.
AI lease abstraction extracts 100+ structured fields from commercial lease PDFs in minutes. Learn how the technology works, what accuracy to expect, and how cost compares to manual services.
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Explore the partner program →Upload your lease PDF and get 126 structured fields ready to import into Microsoft Excel. Just $15 per lease — no subscription required.
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