CREparserGuides
Practical guides to reviewing commercial real estate documents: lease abstracts, critical dates, CAM reconciliations, rent rolls, estoppels, T12s and offering memoranda, with worked examples from fictional sample documents.
Lease abstract checklist
What a commercial lease abstract should capture, section by section, with an example from a 10-year office lease and the checks that make an abstract trustworthy.
4 min readCalculating lease critical dates
How to work out renewal windows, termination deadlines and other lease critical dates from the clause wording, including the month-end trap, with worked examples.
4 min readLease risk flags
The commercial lease clauses that most often shift cost or control to the landlord, how to spot them in the wording, and what tenants typically ask for instead.
4 min readCAM reconciliation audit
A step-by-step CAM audit: find the lease’s rules on share, base year, exclusions, gross-up, caps and fees, recompute your share line by line, and dispute the bill before the audit window closes.
6 min readRent roll tie-out
A step-by-step rent roll audit: which fields to check against each lease, how to work out the rent in force on the rent roll date, and the differences that usually turn up.
3 min readEstoppel certificate review
An estoppel certificate checklist: which statements to tie to the lease, its amendments and the rent roll, what only the tenant can confirm, and how to turn each difference into a closing item.
6 min readT12 review
What a trailing 12-month operating statement shows, how to check its totals and NOI, and how to spot the months and lines that need a question, with a worked apartment example.
3 min readOffering memorandum review
How to test the claims in a commercial real estate offering memorandum (occupancy, rents, NOI, cap rate, expenses) against the property’s own documents, with a worked example.
3 min readAI abstracts and human review
What AI hallucinations look like in leases, rent rolls, offering memoranda and estoppels, why a citation alone doesn’t make an answer right, and how to review and sign off an AI abstract.
5 min readLease portfolio review
How to review AI lease abstracts across a portfolio on a deadline: what to check first, which terms can be signed off as a section, what to check one by one, and how to track what’s left.
5 min read