Abstraction engine

Every Term, Every Page, Every Quote.

Specdra extracts 165+ structured fields from every commercial lease — across 12 core domains and 5 specialized packs. Each value is delivered with a confidence rating, page citation, and verbatim source quote.

165+Structured fields
12Core domains
5Specialized packs

165 of 165 fields

Parties & Guaranty

13 fields

Tenant, landlord, guarantor, formation conflicts, and guaranty terms.

  • Tenant entity

    Legal entity executing the lease.

  • Landlord entity

    Legal entity owning the property.

  • Guarantor entity

    Entity backing tenant obligations.

  • Tenant formation jurisdiction

    State or country of tenant entity formation.

  • Landlord formation jurisdiction

    State or country of landlord entity formation.

  • Guarantor formation jurisdiction

    State or country of guarantor entity formation.

  • Formation conflicts

    Inconsistencies between entity-formation references.

  • Guaranty type

    Full, limited, good-guy, burn-off, or rolling.

  • Guaranty cap

    Maximum guaranty exposure amount.

  • Guaranty expiration

    Date the guaranty terminates.

  • Burn-off conditions

    Triggers that release or reduce the guarantor.

  • Personal vs. entity

    Whether guarantor is an individual or entity.

  • Parent / affiliate signatories

    Related parties signing related documents.

Premises

6 fields

Address, square footage, and acceptance condition.

  • Property address

    Full street address of the premises.

  • Unit / suite number

    Unit, suite, or floor identifier.

  • Premises square footage

    Rentable square feet of the demised premises.

  • Building square footage

    Total rentable square feet of the building.

  • Tenant proportionate share

    Tenant's pro-rata share of the building.

  • Acceptance condition

    Delivery condition at possession (as-is, warm shell, etc.).

Term

5 fields

Possession, commencement, and expiration dates.

  • Possession date

    Date landlord delivers the premises.

  • Commencement date

    Lease term commencement.

  • Rent commencement date

    Date rent begins to accrue.

  • Expiration date

    Original lease expiration.

  • Original term (months)

    Length of the initial term in months.

Rent & Escalations

12 fields

Base rent, schedules, escalation structures, and percentage rent.

  • Current monthly rent

    Current base rent per month.

  • Current annual rent

    Current base rent per year.

  • Rent PSF

    Base rent per square foot.

  • Rent basis

    Rent computation basis (PSF/year, PSF/mo, etc.).

  • Escalation type

    Fixed, CPI, CPI-with-floor, or stepped.

  • Escalation rate

    Annual escalation percentage.

  • Escalation floor

    Minimum annual increase.

  • Escalation cap

    Maximum annual increase.

  • Percentage rent rate

    % of gross sales above breakpoint.

  • Percentage rent breakpoint

    Sales threshold above which % rent applies.

  • Free rent / abatement

    Months of rent abatement.

  • Year-by-year rent schedule

    Full rent schedule across the term.

Operating Expenses

14 fields

CAM, taxes, insurance, audit rights, OE caps, and pass-through structures.

  • CAM structure

    NNN, gross, modified gross, or expense stop.

  • Tax structure

    Real estate tax pass-through structure.

  • Insurance structure

    Insurance pass-through structure.

  • Utilities structure

    Utility cost responsibility.

  • Audit rights

    Tenant's right to audit landlord OE bills.

  • OE cap (fixed)

    Annual hard cap on OE pass-through.

  • OE cap (controllable)

    Cap that applies only to controllable expenses.

  • Exclusion categories

    Categories excluded from OE.

  • Pass-through (initial term)

    Per-component pass-through during initial term.

  • Pass-through (renewal)

    Per-component pass-through during renewal.

  • Capex pass-through

    Whether capital improvements pass through to tenant.

  • Base year

    Base year for OE comparison.

  • Base PSF

    Base year expense per square foot.

  • Advertising / promotion fund

    Marketing or promo fund contribution.

Security & Late Fees

11 fields

Deposits, letters of credit, grace periods, and default interest rates.

  • Deposit amount

    Security deposit dollar amount.

  • Deposit type

    Cash, letter of credit, or hybrid.

  • Deposit timing

    When the deposit is delivered.

  • LOC issuing bank

    Bank issuing the letter of credit.

  • LOC expiration

    Letter of credit expiration date.

  • LOC evergreen flag

    Whether the LOC auto-renews until cancelled.

  • LOC draw conditions

    Conditions allowing landlord to draw.

  • Grace period (days)

    Days after due date before late fee.

  • Default interest rate

    Interest accruing on past-due rent.

  • Mechanics' lien advance interest

    Interest on landlord-advanced lien cures.

  • Self-help interest rate

    Interest on landlord-advanced self-help cures.

Options & Rights

8 fields

Renewal, termination, expansion options, and rights of first refusal.

  • Renewal options

    Number and length of renewal periods.

  • Renewal notice window

    Notice required before exercising renewal.

  • Termination options

    Tenant or landlord termination rights.

  • Expansion options

    Rights to expand into adjacent space.

  • ROFR — Right of First Refusal

    Right to match a third-party offer.

  • ROFO — Right of First Offer

    Right to receive an offer before third parties.

  • ROFR / ROFO conditions

    Default, transfer, and notice conditions on rights.

  • ROFR / ROFO exclusions

    Carve-outs (foreclosure, intra-family transfers, etc.).

Defaults & Remedies

14 fields

Cure periods, holdover, SNDA, set-off, and mitigation standards.

  • Monetary cure period

    Days to cure a monetary default.

  • Non-monetary cure period

    Days to cure a non-monetary default.

  • Business vs. calendar days

    Whether cure days are business or calendar.

  • Holdover rent multiple

    Multiple of rent during holdover period.

  • Acceleration discount rate

    Discount rate for accelerated rent.

  • Estoppel turnaround

    Days to deliver estoppel certificate.

  • SNDA provision

    Subordination, non-disturbance, attornment.

  • Mortgagee cure rights

    Mortgagee right to cure tenant defaults.

  • Non-disturbance level

    Strength of non-disturbance protection.

  • Set-off rights

    Tenant right to offset against rent.

  • Repeat-default no-notice

    Loss of notice rights after repeated defaults.

  • Attorneys' fees

    Recovery of legal fees on default.

  • Specific performance

    Equitable remedy availability.

  • Mitigation standard

    Landlord's duty to mitigate damages.

Casualty & Termination Payments

10 fields

Casualty triggers, restoration, abatement, and termination payments.

  • Right holder

    Party with termination right on casualty.

  • Casualty triggers

    Events that allow termination.

  • Restoration standard

    Standard for rebuild after casualty.

  • Restoration obligation

    Who is obligated to restore.

  • Rent abatement

    Rent abatement during restoration.

  • Termination payment amount

    Payment owed if lease terminates.

  • Termination payment cap

    Cap on termination payment.

  • Payer

    Party paying the termination payment.

  • Payee

    Party receiving the termination payment.

  • Trigger conditions

    Conditions that trigger payment.

Use, Exclusivity & Co-Tenancy

13 fields

Use, exclusivity, kick-outs, co-tenancy, and merchandising covenants.

  • Use clause

    Permitted use of the premises.

  • Exclusivity provision

    Tenant exclusivity at the property.

  • Assignment requirements

    Conditions on assignment / sublease.

  • Kick-out provision

    Sales-based termination right.

  • Continuous operation penalty

    Penalty for going dark.

  • Lease contingency

    Outside contingencies on the lease.

  • Merchandising covenants

    Operating standards and category limits.

  • Landlord security interest (UCC-1)

    Landlord lien on tenant assets.

  • Financial statement obligations

    Tenant duty to provide financials.

  • Opening co-tenancy

    Anchor co-tenancy required at opening.

  • Operating co-tenancy

    Anchor co-tenancy during operation.

  • Anchor list

    Named anchors required for co-tenancy.

  • Co-tenancy remedies

    Reduced rent, termination, or other remedies.

Notices & Legal

12 fields

Notice methods, governing law, force majeure, and broker info.

  • Notice addresses

    Addresses for delivery of notices.

  • Notice methods

    Acceptable delivery methods.

  • Governing law

    Law governing the lease.

  • Venue / forum

    Required venue for disputes.

  • Force majeure

    Force majeure scope and effect.

  • Condemnation

    Rights and obligations on condemnation.

  • Broker information

    Structured broker disclosure.

  • Environmental representations

    Representations on environmental status.

  • Hazardous materials handling

    Handling, indemnity, and reporting.

  • Memorandum recording restriction

    Restrictions on recording the lease.

  • Sale release

    Landlord release on sale of property.

  • Subrogation waivers

    Mutual subrogation waiver provisions.

Operations & TI

21 fields

Maintenance, surrender, TI allowance, and alteration consent.

  • Repair & restoration

    Tenant repair obligations.

  • Surrender conditions

    Condition required at surrender.

  • ADA allocation

    Allocation of ADA-compliance costs.

  • Maintenance — roof

    Roof maintenance responsibility.

  • Maintenance — structure

    Structural maintenance responsibility.

  • Maintenance — HVAC

    HVAC maintenance responsibility.

  • Maintenance — parking

    Parking lot and lighting.

  • Maintenance — exterior walls

    Exterior wall responsibility.

  • Maintenance — capital replacement

    Capital replacement allocation.

  • Tenant insurance limits

    Required liability and property limits.

  • Tenant insurance deductibles

    Maximum allowed deductibles.

  • Delivery condition

    Condition of premises at delivery.

  • TI allowance (total)

    Total tenant improvement allowance.

  • TI allowance (PSF)

    TI allowance per square foot.

  • TI deadline

    Date by which TI must be drawn.

  • Unused allowance treatment

    Forfeiture, rent credit, or carryover.

  • Landlord work

    Scope of landlord-delivered work.

  • Fixturing period

    Free-rent period for tenant build-out.

  • Alteration consent thresholds

    Dollar thresholds requiring landlord consent.

  • Mechanics' lien bond multiple

    Bond multiple required to discharge a lien.

  • TI amortization

    Amortization of TI through rent.

OE Management Fee

Specialized pack3 fields

Management fees structured as % of rent, % of OE, $/SF, or flat dollar — a common slow leak on NOI.

  • Fee basis

    % rent, % OE, $/SF, or flat dollar.

  • Fee rate

    Rate or amount applied.

  • Fee cap

    Maximum allowed management fee.

Prop 13 Tax Reassessment

Specialized pack3 fields

California Prop 13 reassessment carve-outs. HIGH severity for triple-net leases without a carve-out.

  • Carve-out present

    Whether a Prop 13 carve-out exists.

  • Reassessment risk

    NOI exposure if reassessment occurs.

  • Trigger language

    Events that trigger reassessment risk.

Tenant Self-Help & Offset

Specialized pack3 fields

Tenant rights to perform landlord obligations and offset against rent.

  • Self-help type

    None, invoice-only, capped offset, uncapped offset, ambiguous.

  • Offset cap

    Maximum monthly or aggregate offset.

  • Notice trigger

    Notice required before exercising self-help.

California Statutory Waivers

Specialized pack10 fields

Per-statute scan for Civil Code and CCP waivers — one row per waived statute.

  • CC §1932

    Tenant duty / repair waiver.

  • CC §1933

    Termination on destruction waiver.

  • CC §1941

    Habitability waiver.

  • CC §1942

    Tenant repair-and-deduct waiver.

  • CC §1950.7

    Security deposit waiver.

  • CC §1995.310

    Assignment standards waiver.

  • CCP §1161

    Unlawful detainer notice waiver.

  • CCP §1174

    Forfeiture waiver.

  • CCP §1179

    Relief from forfeiture waiver.

  • CCP §1265.130

    Eminent domain abatement waiver.

Industrial & Warehouse

Specialized pack7 fields

Asset-specific terms for industrial / warehouse leases — both what's present and what's notably missing.

  • Floor-load capacity

    Pounds per square foot.

  • Dock door count

    Number of dock-high doors.

  • Rail spur access

    On-site rail access availability.

  • Environmental NFA letters

    No-Further-Action letters from regulators.

  • Hazmat storage caps

    Maximum hazardous materials allowed.

  • Sprinkler classification

    ESFR, OH, EHHC, or other sprinkler designation.

  • Stormwater compliance

    Stormwater management obligations.