Requirements
- Preliminary discussion with client to understand their abstraction requirements and preferences including the level of detail to be captured
- OHI’s team reviews representative lease agreements used by client to understand the underlying complexity of the leases
- The abstract template to be used is finalized with the client
- Understanding lease abstraction timelines and preparation of delivery schedule
Transfer of Lease Information to Abstract
- Client provides lease documents, rent roll, and additional information by uploading to the secured shared drives Dropbox or Google Drive
Lease Abstraction Work-Process
- Lease Abstraction Status Tracker is set-up (if multiple leases are to be abstracted)
- Lease documents are reviewed in detail by the leasing specialist
- Missing document report is shared with the client
- Sample abstract is prepared by the lease specialist in the agreed upon lease abstract template
- Abstract contains detailed section and page references, index of documents, notes and open queries(if any)
- Key data is summarized in clear and concise abstracting language into final deliverable format
- Prepared lease abstract is then reviewed by a senior leasing specialist to ensure completeness, accuracy and quality of the lease abstract. All key figures are double-checked
Final Deliverables
- Abstracts are delivered in the format as defined at the start of the project
