01
Parties and premises
Tenant, landlord, guarantor, suite, square footage and permitted use, taken from the document that governs today, not the first one in the folder.
Lease abstraction
AI lease abstraction, with every term cited.
Deal Desk reads each lease with its amendments, renewals and estoppels, drafts the abstract your team uses, and links every value to the page it came from. Where documents disagree, it says so.
What it covers
Everything your abstract needs.
02
Term and options
Commencement, rent start, expiration, renewal and termination options, and the notice date each option needs.
03
Rent and steps
Base rent with every scheduled step, free rent and abatement, and the rent in force on the date you choose.
04
Expenses
Expense structure, base year, pro rata share, caps and what the tenant does not pay for.
05
Rights and restrictions
Assignment and subletting, exclusives, co-tenancy, SNDA and estoppel obligations, insurance and indemnities.
06
Documents behind it
Which lease, amendment or estoppel sets each term, which are signed, and which a later document replaced.
Sample abstract
Every value has a page.
One lease and its First Amendment and estoppel, abstracted. The tenant, the numbers and the documents are invented.
| Field | Value | Source |
|---|---|---|
| Tenant | Harbor Point Dental, LLC | Lease, p.1 |
| Premises | Suite 210, 1,850 RSF | Lease, p.1 |
| Commencement | March 1, 2021 | Lease §3.1, p.2 |
| Expiration | February 28, 2031Extended from February 29, 2028 by the First Amendment | First Amendment §2, p.1 |
| Base rent | $4,163 /mo, up 3% each March | Lease Exhibit B, p.14 |
| Renewal | Two 5-year options, 9 months' notice | Lease §4.2, p.3 |
| Expenses | NNN, pro rata share 6.2% | Lease §6.1, p.5 |
| Security deposit | $8,326 (lease) vs $4,163 (estoppel)Documents disagree: goes to your reviewer, then to the seller | Lease §5.1, p.4 · Estoppel ¶7, p.1 |
The hard parts
What makes abstraction slow by hand.
01
Amendments, in order
Each lease is grouped with its amendments, renewals and restatements and read in date order, so the abstract shows the terms in force, with the document that set each one.
02
Conflicts shown, not hidden
When two documents disagree, both values are shown side by side and flagged. Nothing is averaged or quietly picked.
03
Scans and exhibits
Scanned and image-only pages are read too, including rent schedules in exhibits, and still cite the page they came from.
04
Your reviewer decides
Flagged values go to a person on your team. Their answers carry into the abstract, and a value nobody could cite is left blank, never filled in.
Lease abstraction is one part of Deal Desk, which also checks the seller's rent roll against the leases. See how it fits a commercial real estate acquisition.
Questions
What CRE teams ask about abstraction.
What is AI lease abstraction?
Lease abstraction turns a lease and its amendments into a short summary of the terms that matter: parties, premises, term, rent, options, expenses and rights. AI lease abstraction does the reading and drafting with a model, so an analyst checks the result instead of typing it. The part that matters is the check: in Deal Desk every value cites the page it came from.
How does it handle amendments?
It groups each lease with its amendments, renewals and restatements and reads them in date order. A later document replaces the terms it changes, and the abstract names the document behind each term, so you can see why the expiration is 2031 and not 2028.
What happens when the documents disagree?
Both values are shown side by side and the field is flagged for your reviewer. When the seller's rent roll disagrees with the leases, the difference becomes a question for the seller.
Can it read scanned leases?
Yes. Scanned and image-only pages are read along with typed ones, and their values cite the page they came from like any other.
Can it follow our abstract template?
Yes. The fields your team abstracts are set up named and ordered the way your analysts already read them. See Deal Desk for how it fits the rest of a deal.
Where do our leases go?
Into an isolated workspace for your firm. Your documents are never used to train models, and you control retention and deletion. Our Trust page lists every subprocessor.
Bring us one lease file.
Send a lease with its amendments. We'll show you the abstract, with a page behind every value.