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 of 165 fields
Parties & Guaranty
13 fieldsTenant, 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 fieldsAddress, 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 fieldsPossession, 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 fieldsBase 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 fieldsCAM, 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 fieldsDeposits, 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 fieldsRenewal, 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 fieldsCure 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 fieldsCasualty 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 fieldsUse, 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 fieldsNotice 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 fieldsMaintenance, 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 fieldsManagement 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 fieldsCalifornia 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 fieldsTenant 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 fieldsPer-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 fieldsAsset-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.