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 2–3 hours per property for market analysis
Comparing your in-place lease rents against CompStak market comp data requires first extracting your lease economics into a structured format. Without that baseline, asset managers cannot run a credible mark-to-market analysis or make informed hold/sell and renewal decisions.
Pull relevant lease comps from CompStak for the property's submarket, property type, and size range. Export to Excel.
Upload all executed in-place lease PDFs to Lextract to extract current rent, lease type, and term.
Lextract extracts base rent, free rent periods, TI allowance, and lease type — the same data points that CompStak normalizes in its comp database.
Combine Lextract-extracted in-place rents with CompStak comp data in a single Excel workbook. Calculate the spread between in-place and market rent for each tenant.
Highlight tenants where in-place rent is significantly below market (mark-to-market opportunity) or above market (renewal risk). Use this to inform asset strategy.
Learn about the full integration between Lextract and Microsoft Excel, including supported export formats and critical fields.
View Microsoft Excel integration →Lextract extracts base rent per square foot, effective rent (net of free rent), lease type (NNN vs. gross), TI allowance, and lease commencement date — all metrics used in CompStak comp analysis.
Yes. Knowing your current in-place rent versus current market rates gives you a data-driven starting point for renewal negotiation or for deciding whether to invest in lease-up at market.
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.
The top lease abstraction companies in 2026, compared by service model, turnaround time, cost per lease, and best use case. Includes AI software vs. outsourced service comparison.
Upload your lease PDF and get 126 structured fields ready to import into Microsoft Excel. Just $15 per lease — no subscription required.
Start Extracting — $15/lease