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 lease review
After a lease is executed, attorneys and tenant reps need to verify that the final lease terms match the agreed LOI — any deviations in rent, term, tenant improvements, or option rights need to be identified and reviewed before the tenant takes occupancy.
Collect the signed Letter of Intent and the fully executed lease PDF.
Upload the executed lease PDF to Lextract for full 126-field extraction.
Lextract extracts base rent, term, free rent, tenant improvement allowance, options, permitted use, and parking terms — the key business points typically covered in an LOI.
Create a side-by-side Excel comparison of the LOI terms against the extracted lease terms. Highlight any field where the executed lease deviates from the LOI.
Present the deviation summary to the client or transaction team. Determine whether any deviations are material and require renegotiation or amendment.
Learn about the full integration between Lextract and Microsoft Excel, including supported export formats and critical fields.
View Microsoft Excel integration →Yes. Lextract extracts tenant improvement allowance amount, disbursement conditions, deadline for completion, and landlord work scope — all terms that are frequently modified between LOI and execution.
Process both documents separately in Lextract and download each as an Excel export. Then build the side-by-side comparison in Excel to identify any field-level differences.
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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