A lease abstract is the structured summary your team produces after a deal closes: tenant, premise area, term, rent schedule, options, restrictions, all the material terms pulled into a document a lender or asset manager can read in two minutes instead of two hours. Most firms still produce these by hand. LeasePilot generates one from the lease in a single click.
01How it works
Open any document, click the ⋯ menu in the toolbar, and pick Abstract. A dialog opens with two paths:
- i.Version in LeasePilot — abstract the version of the document you currently have open.
- ii.Version from your computer — upload a
.docxor.pdfand abstract that instead. Use this when the executed lease lives outside LeasePilot, for example when the final rounds happened in Word over email and the signed copy never came back into the platform.
Click Download and a Word document with the structured terms downloads to your machine.
02Why upload support matters
In real workflows, the version in LeasePilot isn't always the version that got signed. Late negotiations sometimes happen in Word over email; counterparties sometimes counter from their own templates; the executed copy comes back signed but redlined. Whatever happened, you still want a clean abstract of what was actually agreed. Uploading the final .docx or .pdf lets you abstract the executed document without re-importing or recreating it inside LeasePilot.
NoteThe output is a Word doc, not a screen. Abstracts get emailed to lenders, attached to closing binders, and pasted into asset files. So the format matches the workflows those already use, instead of being a LeasePilot-only view that has to be exported.
For pulling deal terms out of a letter of intent before you start drafting (the inverse of abstraction, in a sense), see import deal terms. For portfolio-wide views of the data across many leases at once, see reports.