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Lease Abstraction Support Services

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Lease abstraction plays a vital role in effective lease administration. Lease abstraction is the process of extracting relevant data points from a lease agreement and other source documents. While it’s important to have the source documents available for reference, it is a tedious task to read them every time a critical fact, such as a payment amount, due date, lease option or other data point requires action. However, lease abstraction can be quite time-consuming and tedious. Therefore, it is conducive to outsource the lease abstraction services to a (lease abstraction service company.) remove link.

At SKJ Juris, we retrieve lease data from scanned documents, analyze the data retrieved, present the data so collected in an appropriate template, prepare comments that are easy to understand and abstract it in a file format of your choice. We provide lease abstraction services for long-term and short-term leases.

IMPORTANCE OF LEASE ABSTRACTION

Lease abstraction is an essential decision-making tool for tenants, landlords, property management companies, as well as parties engaged in any corporate restructuring tools such as acquisitions, mergers, etc. By organizing the lease data such as critical dates, lease clauses/sections the business operators can ensure that the deadlines for lease renewals, terminations, lease rights and other provisions are addressed in a timely manner. Missing a critical lease date, or not understanding or accruing a potential lease liability and its obligations could result in serious financial implications to a company’s bottom line. A proactive approach to analyzing an organization’s bottom line, lease abstracts provide a detailed summary of the corporation’s operational costs ensuring that their operational costs and obligations are understood.

BENEFITS OF OUTSOURCING IN LEASE ABSTRACTION PROCESS

Outsourcing lease abstraction activities can be benignant to an organization as it helps in gaining new technology solutions, concentrating on core activities, management of bulky lease documents, etc. Thus, outsourcing the lease abstraction services to a lease abstraction company provides corporations with a better understanding of their lease information, as well as the obligations under the lease.

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COMPETITIVE EDGE – SKJ JURIS

SKJ Juris, a lease abstraction service company provides lease abstraction services to meet the needs of our clients while keeping the costs controllable. In order to leverage our position as a lease abstraction services provider, we ensure that our clients receive the best possible pricing and service from us. Our experience in handling the entire lease portfolio for our clients results in mitigating their risks and in reducing their costs through abstraction during quick turnaround time.

OUR KEY POINTERS IN ABSTRACTION PROCESS

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We arrange the lease documents including main lease, amendments, assignments, renewals, and so on so that we can manage it in the best possible way. Besides abstracting the financial and legal clauses and dates, we also raise red flags related to critical information such as colorable documents equivalent to lease, missing documents that is, amendment to lease or renewal letters, assignment of lease to a sub-tenant.

Following are the advantages of collaborating with us:

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darts-155726_1280We, at SKJ Juris, maintain a high level of accuracy in the lease abstraction services that we provide. The abstracted leases are thoroughly reviewed by our 1st and 2nd level reviewers. Being a lease abstraction service company, we ensure that our abstraction workflow has multiple quality checks which permits us to provide a thorough accuracy on the dates andpayments. Once reviewed, we deliver the final work product in the format requested by the client. While doing so, we make sure that the critical information is not missed out in our abstract and we strive to deliver a synopticdocument that would best serve our client’s interests.

Having gained a niche experience in the field of lease abstraction, we believe that lease abstraction involves some level of interpretation that needs human intervention and cannot be automated entirely by machine abstracting tools. We have a team of attorneys who carry out lease abstraction in the interfaces including Visual Lease, Spacebase and others prevailing in the market. We are proficient in using the latest technologies, to expeditethe abstraction process, which results in capturing truly consistent, reliable and critical data. Our clients can easily review all the relevant lease information extracted without having to assess the entire lease document. Our team of experts bring high degree of financial acumen and technical competence, simplifying complex leases into simple abstracts for ready use. Our clients have reposed their confidence in us because we have decades of expertise in lease reading, summarizing and updating. Our lease abstraction services can be tailor-made to suit the specific needs of our clients. By leveraging a rigorous quality system coupled with our exclusive knowledgebase, we provide rapid turnaround on even large international lease abstraction projects.

More about Lease Abstraction Support Services

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WE PROMISE – WE DELIVER

What makes us stand out from the rest is that we pay scrupulous attention to client requirements and go all the way to provide solutions that clearly meet and even exceed your primary requirements. The consistency that we have maintained over the years has made us an esteemed professional in the lease abstraction field. We promise to deliver bespoke, efficient & affordable lease abstraction services and will be happy to serve you!

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