Learn more about our real estate services including mortgage compliance and operations, lease abstraction, title reviews, and more information on real estate due diligence services.
Lease abstraction is an integral part of the real estate due diligence process. It can be a tedious task. It requires attention to detail and a focus on accuracy, but it is critical to understanding any unexpected lease provisions, financial obligations, or other issues of importance in commercial real estate leases. At Baer Reed, our legal team is trained to identify and analyze these issues and compile them in a simplified summary for review by our clients.
The lease abstract will vary in length depending on the details of the lease agreements and the overall objectives and complexity of the client’s request. The lease abstract will summarize key financial, business, and legal specifics in accordance with due diligence standards. It will serve as an outline summarizing and analyzing salient lease terms in order to provide the reviewer with further references in an easily accessible way. This allows the client to review all pertinent details of the real estate lease without having to read through every page of the document.
Baer Reed’s clients often utilize our services in connection with commercial real estate transactions as part of their due diligence prior to finalizing acquisitions. This review of the commercial real estate leases tied to a transaction is a time-consuming and burdensome process that often needs to be completed on a very tight timeframe. By bringing on Baer Reed’s team to assist in your transaction, you will gain efficiency while cutting transaction costs.
For any purchase of property, especially large commercial portfolio acquisitions, real estate due diligence is a critical part of completing the transaction. The process of performing real estate due diligence includes several steps. It requires lawyers to look through many documents involving the property subject to acquisition. These documents include title documents, zoning reports, and restriction agreements covering the property. Another key component of any real estate due diligence project is reviewing the title insurance agreement covering the property.
Baer Reed’s team members are experts at spotting issues related to property titles, zoning reports, any easements or covenants, and any other rights or obligations arising from the transaction documents.
Learn more about our real estate services including mortgage compliance and operations, lease abstraction, title reviews, and more information on real estate due diligence services.