Lease Abstract Services
Lease Abstract Services
Lease Abstracting is essential to any real estate organization. It affects all areas of the establishment providing pertinent data that influence the commercial decisions. Our Lease Abstract Consultants will not only read, review, analyze and abstract but will also audit lease documents, paying close attention to any unusual provisions and inconsistencies. We provide our real estate partners and other clients with a concise view of the chief business, financial and legal information contained in a lease document.
Lease Abstract Turnaround Time
An average lease abstract is generated within 3 hours depending on the size of the lease document and will include the following processes: organization and review of the lease document; preparation and review of the lease abstract.
Lease Abstract Prices
Our baseline abstract is $5 per lease document page reviewed, with a $100 minimum fee per lease abstract.
Lease Abstract Process
Step 1 - Contacting KMC
Fill out the inquiry form on KMC's website and a sales representative will be contact you within 24 hours of the query.
Step 2 - Analyzing the Project
Consultation and assessment of project details with VP of Sales and the Lease Administration Manager. KMC will customize its services to fit your needs with regards to transmitting the documents; data management and lease abstract format.
Step 3 - Receiving Documents from KMC
Lease and other ancillary documents can be sent to KMC through the following methods:
- The documents can be e-mailed directly to KMC.
- The documents can be saved on to a CD and sent to KMC via a courier.
- The documents can be uploaded unto KMC's website with a secure password and access ID.
- The documents can be transmitted via FTP.
Step 4 - Reviewing and Organizing of Documents
Documents will be checked for missing pages and any related sub document that is necessary for the review process; then the documents are organized by date and/or order of execution.
Step 5 - Preparing the Documents for Data Extraction
The documents will be analyzed, audited and reviewed in preparation for abstracting.
Step 6 - Lease Abstracting
The necessary data will be extracted from the documents and plugged into the client's database system or onto KMC's lease abstract template (hard copy).
Step 7 - Proofing
Lease Abstracts will be reviewed for mistakes and typos.
Step 8 - Delivering the Abstracts
The lease abstracts will be delivered in your desired format (soft copy or hard copy).
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