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hey everybody Im Matt jeffoon co-founder of occupier and we are going to dive into what is lease abstraction lease abstraction is the process of summarizing critical information out of a lengthy lease document the objective of a lease abstract is to present the most important critical information of a lease document in a concise and organized manner so that people can access the information they need to make quick decisions and for commercial tenants with large leased portfolios abstracting releases is a critical first step in unlocking your portfolios real estate data there are six key pillars to a good lease abstract document they are General lease information custom data lease amendments financial information critical dates and clauses so lets review a lease abstract together I have occupiers lease abstract template here you can access this PDF document in the link below lets dive into it the first component of your lease abstract document is your general information this is all