Lease Abstract Form PDF Details

A Lease Abstract form serves as a crucial tool in the real estate and property management industry, designed to concisely summarize the key details of a lease agreement. Developed by NORRIS & STEVENS, INC., this document streamlines the process of assessing tenant information, rental conditions, and various adjustment clauses. It incorporates comprehensive sections covering tenant and property details, including contact information and addresses for both the physical space and notice or mailing purposes. The abstract also meticulously outlines rental specifics such as lease type, base rent, CAM (Common Area Maintenance), tax, and insurance percentages, highlighting whether these costs are included in the base rent or managed through separate billings. Additionally, it provides an overview of rental adjustments related to the base year, CPI (Consumer Price Index), operating costs, property tax, and insurance, along with information regarding space measurements, late fee policies, deposit requirements, and penalty conditions. Options for lease extensions, tenant improvements, concessions, and other pivotal agreements are also featured, ensuring that all parties have a clear understanding of the lease stipulations. Prepared by professionals, the Lease Abstract form ensures a comprehensive and efficient evaluation of lease agreements, contributing significantly to informed decision-making in property management and leasing.

QuestionAnswer
Form NameLease Abstract Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other nameslease abstract, commercial lease abstract template, lease abstract template, checklist lease

Form Preview Example

 

LEASE ABSTRACT FORM •

Developed by NORRIS & STEVENS, INC.

1/13

TENANT INFORMATION

 

 

 

 

 

 

Property:

 

 

 

 

Property No.

 

 

Tenant Name (Per Lease):

 

 

 

Telephone No.

 

 

Address (Space)

 

 

 

 

Suite No.

 

 

City/State

 

 

 

 

Zip Code

 

 

Address (Notices/Mailings):

 

 

 

Suite No.

 

 

City/State

 

 

 

 

Zip Code

 

 

Contact(s):

 

 

 

 

Telephone No.

 

 

Emergency Contact(s):

 

 

 

Telephone No.

 

 

Guarantor(s):

 

 

 

 

FAX No.

 

 

RENTAL INFORMATION

 

 

 

 

 

 

 

 

Lease Type:

CAM

PERCENT% Tax PERCENT% Insurance PERCENT%

Date

Base Rent

$ Per S.F. Full Service/Net/NNN/Gross Yes

or No

Yes or No

Yes or

No

$

 

$

 

%

$

%

 

Notes:

Indicate Billback or

Separate Utility Information

If Additional Space is Needed, Please Attach Sheet

RENTAL ADJUSTMENT

Base Year

 

 

 

 

 

 

CPI

 

 

Operating Cost

Property Tax

Insurance

 

Percentage

 

Yes or No

When?

Yes or No

When?

Yes or No

When?

Yes or No

When?

Yes or No

 

 

 

 

 

 

 

 

 

 

 

When?

 

Square Footage

Load

Pro Rata

 

 

 

$ Limits of

Late Fee

Interest

Indicate

 

 

 

 

Useable or Rentable

Factor %

Share %

 

$ Deposit

Insurance Required

% or

$

Penalty %

 

 

 

S.F.

 

%

%

 

$

 

$

 

 

 

%

Commencement Date

 

 

Expiration Date

 

Option to Extend

 

Yes

No

 

 

 

 

 

 

 

Date to be Exercised

 

 

RENTAL CONCESSIONS / TENANT IMPROVEMENTS / OTHER AGREEMENTS:

Use

Exclusives

ADDITIONAL NOTES: Indicate "First Rights," as to Purchase, Expand, Etc. Termination Rights, Penalties, Etc.

Prepared By:

Date:

 

Macintosh HD:Users:lvyunyun:Desktop:files1:lease-abstract-template-word.doc

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The system will expect you to submit the Yes or No, When, Yes or No, When, Yes or No, When, Yes or No, When, Yes or No, When, Square Footage Indicate Useable or, Load Factor, Pro Rata Share, Deposit, and Limits of Insurance Required part.

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