An abstract is a summary of the important economic, business and legal data that is contained in a commercial real estate lease or vender contract. Abstracts should highlight any atypical contract provisions, financial obligations or other important issues and dates.
Abstracting your portfolio of leases and contracts makes available a specific base of current information.
Abstracting develops into a exceptionally important effort previous to an acquisition, merger or assignment and makes effective decision-making an easier and clearer process.
Abstracting will organize your debt portfolio data, which is extremely important when:
- Leases or contracts contain multiple amendments or modifications.
- You have multiple Leases and contracts in your portfolio.
- Administering diverse formats with multiple landlords and suppliers.
Accumulating Lease and Contract information into a short reader friendly version allows corporate professionals a simpler way to manage their debt portfolio.