Lease Abstraction Services

Lease Abstraction Services. Peace of mind delivered.

RAAMP’s skilled professionals read, review, and abstract all lease documents. We provide our clients with clear, concise summaries of their lease’s key financial, business, and legal information.

Commercial real estate leases often have complex details that impact the legal and financial aspects of the property. RAAMP Links your abstracts directly to your lease documents from within the RAAMP lease administration platform to insure key dates and data points don’t get over looked.

Through your free RAAMP account you can immediately generate real-time rent rolls for a property or a portfolio to easily track Option Periods, Escalations and Cam Expenses.

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Lease abstracts link to your lease files, amendments, articles and franchise agreements. Never settle for an excel or word document abstracted from a single file again. Some of our clients that rely on our lease abstraction services:

Escalations

With the exception of some very short-term leases almost all commercial leases contain an escalation clause. Your abstracts will  escalate leases on a specific date or define recurring escalations using either a specific dollar amount, index, or fixed rate.

Option Periods

Notifications are built into our abstracts and will set exercise deadlines for option periods or allow the lease to automatically enter an option period on lease expiration. Holdover is easily defined and collected based on your desired behaviors.

Charges

Manage CAM expenses, taxes, insurance and other recoverables. Multiple recovery approaches and using everything from arbitrary amounts to Pro Rata Share of buildings, units, or custom spaces. The charges can Gross Up, set base year escalation caps, and define custom admin fees.

Delinquency

After we abstract there will be the ability to keep a complete history of delinquency. With the flexibility to define custom late fees and percentages.

Sales

We'll define your sales reporting requirements for each lease, and with your free RAAMP account you'll be able to report and track sales all online.

Percentage Rents

Percentage rents defined on many variables; with the ability to bind triggers to anchor tenants, construction delays, time frames and natural and unnatural break points.

File Management

We'll organize your files in RAAMP and give you the ability to share internally or externally. You can define your own custom folder structure for each tenant or make templates to simplify future leases.

Clauses & Provisions

You'll define the clauses and provisions you want to be reported on the summary, along with our lease abstraction team making custom templates to be used across multiple properties or restrained to a single property.

Abatement

Rent  abatement will be defined based on rent for a specified time or dollar amount. We also have the flexibility to abate individual CAM expenses or charges, so you always know your CAM responsibilities

Commercial leases are complex, and we will work with your team to make sure they understand any nuances.

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questions and show you the software and our services.

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