Neptune Data / Applications / Lease Abstractor
Lease files answer the same twenty questions a hundred different ways. The abstractor reads the lease and its amendments in order and returns one standardized abstract — comparable across the portfolio, cited to the section level.
The abstract
Landlord, tenant, guarantors and the demised premises.
Commencement, expiration, renewals and termination rights.
Base rent schedule, escalations and percentage rent.
What the tenant really pays beyond base rent.
Deposits, letters of credit and guaranty terms.
Permitted use, exclusives and restrictions.
Consent standards and carve-outs.
Who fixes what, and what changes need consent.
Coverage obligations, casualty outcomes, default and remedy terms.
The discipline
Comparing our abstract to your memory of the file is the fastest way to trust it.
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