CCLA Course 2 – Lease Abstraction

Lease abstraction is the process of summarizing and distilling the key elements of a lease agreement into a concise and easily digestible format. This typically involves extracting critical information such as rental rates, lease terms, renewal options, obligations of the landlord and tenant, maintenance responsibilities, and any pertinent clauses or provisions. The goal of lease abstraction is to provide a clear overview of the lease’s essential details, allowing stakeholders—such as property managers, legal teams, and financial analysts—to quickly assess the lease’s implications and make informed decisions without having to wade through the entire document.

By transforming complex lease agreements into structured summaries, lease abstraction enhances efficiency and reduces the risk of overlooking important terms. It is especially valuable for organizations managing multiple properties or leases, as it enables streamlined analysis and easier tracking of compliance, financial obligations, and potential renewal opportunities. This process is often facilitated by specialized software or tools that can automate the extraction of relevant data, ensuring consistency and accuracy across various lease agreements.

This is course 2 of a 4 part series, if you have not yet completed Course 1 – Introduction to Lease Administration and its Terminology, please click here to learn more and sign up for that on-demand course first.

Instructor:

Albert Stabile
Vice President of Lease Audit
CBRE, Inc.
GWS Enterprise
Phone: (201) 681-0244
[email protected]

Guest Lecturer:

Ingrid Kushinsky
Leasing Paralegal
Goulston & Storrs
Phone: (617) 574-2261
[email protected]

Prerequisite: The student should have passed Course 1 with a grade of 80 or higher

Class Material: Materials will be provided.

Equipment: Calculator

Course Grading:

Mid Term Exam – 40%
Final Exam – 50%
Class Participation – 10%