Need a lease abstract Template
Im curious to see how others make lease abstracts. I do mine on word and I've never seen what other peoples/companies abstracts look like. I work for a very small real estate company and have been learning/teaching myself as I go. Anyone willing to share/give formatting/content tips? 
[{"id": "cpwt60y", "text": "What kind of transactions?  I call mine a LOI (lease abstract seem more binding to me).  \n\nIt includes:  \n\nLocation/property identification, tenant name, landlord name, initial term, rental rate(s), options, rights of first refusal/expansion, expenses (nnn estimates, or landlord paid, etc), taxes, lease commencement, deposit, TI (includes vague description, who pays, drawings/scopes of work are attached if needed), tenant incentives (Free rent etc), use, access, lease document (who will provide, review periods etc), contingencies, representation statements/commission statements.  \n\nThats a base.  Each deal I add/delete shit as needed.  I just have a 2 column table with the field on the left and the info on the right.  \n\nMy logo is at the top and the bottom has the 'none of this shit matters until you sign a lease, its all non binding etc etc' statement. ", "replies": [{"id": "cpwwk8t", "text": "An LOI is when you are making an offer.  Isn't a lease abstract made just for your records after a transaction is completed?  It usually includes all of the information you listed, but also includes important dates in the lease (rental rate adjustments, option periods, etc).\n\nBasically you want to include any major deal points that were negotiated into the lease.  Only a few people in my office do them, and they make them on Word.", "replies": [{"id": "cpwwo70", "text": "oh maybe.  I don't do those at all.  I thought it was a similar document to the LOI and used for constructing the actual lease.  \n\nGuess I'm an idiot.  I'll leave my post up and show my shame to avoid confusion in the thread ;)  \n\nIt would still seem to me the LOI and lease abstract would be very similar though as they both have the same functional goal (to describe the lease in concise details)", "replies": [{"id": "cpx8ory", "text": "Yes, abstract is used to track all buildings within building(s)... more from property or asset management perspective. Handy if, for instance, a new potential tenant wants a right of refusal to be able to go through a summary spreadsheet or report to see if your new lease violates any existing covenants instead of having to page through 20 of the existing leases and all of their amendments...", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "cpxgirv", "text": "I do my LOIs pretty much the same and have no idea what a lease abstract is if that makes you feel any better, lol. \n\nHave you ever gotten one of those 10 page RFPs from a big firm? I received one a few weeks ago and it almost put me to sleep. ", "replies": [{"id": "cpxxzkt", "text": "yeah.  The big firms aren't really bad for that here, but there is one particular smaller firm that has the worst loi ever.  \n\nI dunno if they think it makes them look more professional or what but it cracks me up.  They sent me one for like a 1500 sf office condo once at like 15 /ft with maybe 90 cents non tax/insur exp.  Fucking thing had like 2 pages of how cam reconciliation must be done and all the exclusions and limitations on what contractors could be used etc etc.  \n\nIts like yeah guys, we are going to spend 5k to get our lease updated to match this shit and change the way we do everything on 25k SF of space because you are worried the owner will use first party landscaping or something and you will get billed 91 cents instead of 90 cents......", "replies": [{"id": "cpyolpu", "text": "Yikes. I either get really long ones or the cowboy ones \n\nRate: $15\nTerm: 5 years\nImprovements: landlord pays \n\nThe end\n\n\nIt's like....uuuh...go on... ", "replies": [{"id": "cpz396m", "text": "When I deal with resimercial folks I started following up site visits with my LOI set at 'asking' terms so they have a document to work off of.  It seems to have helped that a lot.  Plus if the agents don't know how to do commercial I think it gets me a leg up since they think I will be easier to work with than some of the other guys that just blow them off.  \n\nI take out incentives and anything that could be used to negotiate against me, and basically just leave it as the most one sided deal I could possibly imagine as far as terms then see what they send back.  \n\nYou might try that if you are getting this problem a lot.  \n\n", "replies": [{"id": "cq0atag", "text": "That's actually a really good idea. \n\nI had a sale last year where a residential guy represented the Buyer. I was overly nice and helpful and they mentioned several times that the other properties they like had arrogant/unhelpful brokers. We ended up going under contract at full list price and I did about 99% of their Due Diligence work with the zoning/planning department. I guarantee that was the only reason the deal closed, the other properties seemed to be a better fit for them, mine was a stretch. ", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cpwxa6k", "text": "Here is an example of the way a guy in my office does lease abstracts.  Kind of shitty quality but \u00af\\_(\u30c4)_/\u00af\n\n[Imgur](http://i.imgur.com/ns9wilB.png)", "replies": [], "depth": 1}, {"id": "cpwxxny", "text": "I have seen a lot of Excel versions so that you can copy and paste or link numbers to excel based cash flow models. Basically like the version /u/eyefuel posted except in a spreadsheet. ", "replies": [], "depth": 1}, {"id": "cvels5o", "text": "Here are some samples of lease abstract and layout that we provide to clients - http://integrand.in/files/Sample1.pdf - More samples are available at: http://integrand.in/lease-abstraction", "replies": [], "depth": 1}]