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Commercial Lease Summary

lease-summary

Summarizes U.S. commercial lease agreements into structured transactional abstracts. Use when asked for a commercial lease summary, lease abstract, key lease terms, rent schedule review, default/termination analysis, or lease handoff. Produces party-to-obligation mappings, financial mechanics, ri...

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SKILL.md

Full skill instructions

Commercial Lease Summary

Produces a structured, party-responsible breakdown of a U.S. commercial lease for deal execution and ongoing administration.

Prerequisites

  • Complete lease document with all attachments, exhibits, and definitions
  • All amendments, riders, side letters, extensions, and modification agreements
  • Governing law / jurisdiction (infer from internal evidence if absent; mark ASSUMED: [jurisdiction])
  • Business context: landlord vs. tenant roles; note any lender, guarantor, master tenant, or affiliate involvement
  • Flag missing-text assumptions separately for counsel review

Workflow

  1. Extract parties, lease identity, jurisdiction, governing law
  2. Capture baseline business terms before risk-heavy clauses
  3. Normalize key definitions (Premises, CAM, Base Rent, Additional Rent, Term, etc.)
  4. Build financial mechanics as formulas, not prose
  5. Map each right/​obligation to party + triggering condition
  6. Flag ambiguity, missing provisions, and atypical clauses
  7. Compile deadline calendar and counsel action items

Output Structure

SectionKey ElementsFormat
Executive SnapshotParties, premises, lease type, governing law, date, risk profile, immediate action items1–3 lines each
Term & PremisesCommencement, expiration, renewal, holdover, grace periodsdate / option / condition / election window
Financial TermsBase rent, CAM, taxes, insurance pass-throughs, % rent, escalation, depositsFormula table: obligation / amount-formula / frequency / due date / escalation / cap-floor / party
Use & OperationsPermitted/​prohibited use, assignment, signage, hours, accessparty / condition / remedy
Maintenance & RepairsStructural, systems, common areas, HVAC, roof, TIResponsibility matrix
Insurance & LiabilityCoverages, limits, additional insureds, waivers, indemnitypolicy type / limit / party / trigger
Default & RemediesEvents of default, cure, notices, self-help, damagesevent / notice / cure window / remedy
Special ProvisionsSNDA, co-tenancy, kick-out, exclusivity, ROFR, optionsprovision / risk level / practical impact
Missing/​Unusual TermsMissing clauses, drafting conflicts, ambiguityrisk / reason / impact / recommended action
Critical DatesRent commencement, notice deadlines, option windows, renewalsdate / action / responsible party / status
Obligation Heat MapHigh / Moderate / Low risk itemsGrouped by severity
Counsel Action ItemsItems requiring legal follow-upBulleted list

Completion Checklist

  • Every obligation names a responsible party
  • Every amount includes value or calculation method
  • Every trigger has a date/​time or event condition
  • Every special clause has practical business consequence noted
  • Missing data labeled UNAVAILABLE (not silently inferred)

Rules

  • Always return structured output with party-to-obligation mapping — no narrative-only summaries
  • Preserve exact contractual numbers, percentages, formulas, and escalation indices
  • Use neutral language; avoid legal conclusions unless text directly supports them
  • Distinguish absolute vs. conditional rights (e.g., termination contingent on lender approval)
  • Flag boilerplate vs. custom-negotiated clauses by context
  • Conflicting clauses: quote both sections, flag as RECONCILIATION NEEDED
  • Uncertain statutes or citations: append [VERIFY]
  • Flag for counsel review if missing: casualty allocation, environmental indemnity carve-outs, non-disturbance, landlord lien treatment, assignment exceptions

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