Lease abstraction is an essential foundation for all lease administrators.

Lease Abstracting is a complex but critical tool for industry professionals who need to ensure they have access to important data when it is needed. It allows lease administrators to stay up-to-date with key lease terms AND critical dates of a tenant’s office, retail, or commercial property portfolio.

A reliable lease abstract recognizes several essential financial fields that require serious attention and absolute accuracy. Termination options, renewal options, expansion, and the right of first refusal option are all crucial from a tenant’s perspective. These help tenants make sound, effective decisions when it comes time to manage an existing lease and ensure that an organization has the precise, necessary information needed to make prudent strategic decisions.

NRTA’s Classroom Live’s upcoming Lease Administration course provides a thorough review of Lease Abstracting best practices, while offering participants an opportunity to interact one-on-one with two highly respected experts within the lease administration profession. Learn more.