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What is third party lease abstraction and how does it work?
In commercial real estate, contracts can be lengthy and complex documents. Lease abstraction is the process of creating shorter summary documents known as “lease abstracts”, setting out the key terms of a contract in an easy-to-read, standardised for…
What is lease abstraction and why is it important?
In the commercial real estate industry, where contracts are complex documents, often exceeding 100 pages, lease abstraction provides much-needed efficiency and clarity. Understanding these documents day-to-day is a significant challenge, especially f…
What is the contract abstraction process and why should you automate it?
In an age where information is paramount, businesses are striving to simplify the complex. As organisations grapple with the relentless influx of information, streamlining intricate processes has emerged as a strategic imperative. One such intricacy …
A guide to lease audits
For companies handling a large number of leases that are either very complex or have high churn, lease audits are a necessary but resource-intensive process. Whether a company acts as a landlord, a tenant, or both, it can be challenging to stay on …