Lease Abstraction

1 day ago

Chennai, India Cynosure Corporate Solutions Full time

A Lease Abstraction job involves extracting and summarizing key information from lease agreements to create a concise, structured record that can be easily referenced and analyzed by stakeholders. This role is essential in commercial real estate, legal, and finance sectors for efficient lease management and compliance. Core Responsibilities • Abstract critical financial and legal information from lease agreements, including tenant details, lease terms, rental rates, renewal options, and responsibilities of both parties. • Organize and standardize the extracted data into a uniform format or database for consistency and ease of analysis. • Review and validate abstracted information for accuracy and completeness, ensuring all relevant details are captured. • Transfer abstracted data into clients’ application software or spreadsheets (such as Excel) for further use in reporting and decision-making. • Communicate with internal teams and external stakeholders to resolve queries related to lease documents and abstraction. Required Skills and Qualifications • Strong analytical and reasoning skills, with an ability to interpret complex legal language and clauses. • Excellent attention to detail and high accuracy in data entry and document review. • Proficiency in Microsoft Office (especially Excel and Word) and familiarity with lease management software (such as Yardi, MRI, or JDE) is a plus. • Good written and verbal communication skills, especially for summarizing and paraphrasing lease terms. • Knowledge of real estate concepts and lease administration processes is beneficial. Typical Work Environment • Lease abstractors often work in commercial real estate firms, legal departments, or outsourced service providers, handling large portfolios of leases. • The role may involve collaborating with legal, finance, and operations teams to ensure lease compliance and accurate financial reporting. • The job is typically office-based, with deadlines for processing and abstracting multiple lease documents. This position is crucial for streamlining lease administration, supporting compliance with accounting standards, and enabling strategic decision-making for organizations managing property portfolios.

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