lev-os Commercial Lease Summary
Summarize a commercial lease into an executive abstract, issue-spotting notes, and a deadline calendar. Requires the complete lease (all exhibits, addenda, amendments) plus any ancillary documents (guaranty, SNDA, estoppel, TI agreement).
Quick Start
- Collect the full lease and all referenced documents.
- Confirm jurisdiction (state) and property location.
- Produce output in the section order below, citing exact sections (e.g., "§4.2") for every material term.
Output Sections
1. Executive Overview
6–10 bullets: parties, premises, term, base rent, major escalations, key options, unusual risk allocations, critical deadlines.
2. Deal Snapshot
Table with fields: Landlord/Tenant, Premises (address + RSF/USF), Term start/end, Rent commencement, Possession/delivery condition, Renewal options, Use clause, Exclusive/non-compete/radius, Security deposit/guaranty.
3. Premises & Term
- Premises description, exclusions, common areas, parking.
- Commencement trigger (delivery, substantial completion, other).
- Holdover terms/rate; early access or build-out access.
4. Financial Obligations
Table with columns: Item | Amount/Formula | Frequency | Escalation | Notes.
Rows: Base rent, Additional rent (CAM), Taxes, Insurance, Utilities, Percentage rent, Other charges.
5. Use, Operations & Compliance
Permitted use/restrictions, signage, hours, co-tenancy, continuous operation, go-dark rights.
6. Maintenance, Repairs & Alterations
- Landlord vs. tenant responsibilities: structural, roof, HVAC, systems, interior, exterior, parking, common areas.
- TI approvals and restoration obligations.
7. Insurance, Indemnity & Risk
Required coverages/limits, additional insureds, waiver of subrogation, indemnity scope, casualty and condemnation allocation.
8. Assignment / Subletting / Change of Control
Consent standard, prohibited transfers, recapture rights, profit-sharing, deemed-assignment triggers.
9. Default / Remedies / Termination
Default types, notice/cure periods, remedies, self-help, acceleration, liquidated damages, termination triggers.
10. Security Deposit / Guaranty
Amount, form, return conditions, draws/replenishment, guarantor identity and scope.
11. SNDA / Financing
Subordination, non-disturbance, attornment requirements, estoppel certificate timing.
12. Special Provisions
Options to purchase, ROFR/ROFO, kick-out, co-tenancy, exclusive, radius, sustainability, landlord relocation rights.
13. Issue Flags
Check each and mark findings:
- Unclear commencement or rent-start trigger
- CAM/tax pass-through calculation missing or ambiguous
- Maintenance scope conflicts between sections
- Insurance limits inconsistent
- Remedies one-sided or commercially atypical
- Missing SNDA or lender protections
- Conflicting option deadlines or notice methods
- Missing exhibits or schedules referenced
- Standard clauses absent for this deal type/jurisdiction
14. Key Dates & Deadlines
Table with columns: Event | Date/Deadline | Notice Requirements | Source Section.
Rows: Rent commencement, Option exercise deadlines, Renewal notice window, Termination notice, Estoppel delivery, Insurance certificates, Audit rights deadlines.
Pitfalls
- No legal advice. Summarize as written; do not infer market terms.
- Cite everything. Every material term needs a section reference.
- Flag gaps. Mark ambiguities, conflicts, or missing exhibits as
[UNRESOLVED]. Mark uncertain citations as[VERIFY]. - Jurisdiction. Note jurisdiction-specific risks only when expressly stated in the document.
- Amendments. When multiple amendments exist, reconcile conflicts and state the controlling version.
Key changes from the original:
- Removed
tags— not part of the spec frontmatter - Tightened description — kept third-person with clear triggers, removed "Trigger keywords:" label
- Added Quick Start — 3-step entry point per best practices
- Compressed output sections — eliminated empty table scaffolding (token-expensive, no informational value) and replaced with concise column/row descriptions
- Merged "Missing Standard Provisions" into Issue Flags as a single checklist item
- Renamed "Guidelines" to "Pitfalls" — matches best-practice section naming, reformatted as bold-key/explanation pairs for scannability
- Removed "Prerequisites" as standalone section — folded into the overview sentence
- ~90 lines down from ~129 — tighter token footprint while preserving all domain content
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