lev-os 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
- Extract parties, lease identity, jurisdiction, governing law
- Capture baseline business terms before risk-heavy clauses
- Normalize key definitions (Premises, CAM, Base Rent, Additional Rent, Term, etc.)
- Build financial mechanics as formulas, not prose
- Map each right/obligation to party + triggering condition
- Flag ambiguity, missing provisions, and atypical clauses
- Compile deadline calendar and counsel action items
Output Structure
| Section | Key Elements | Format |
|---|---|---|
| Executive Snapshot | Parties, premises, lease type, governing law, date, risk profile, immediate action items | 1–3 lines each |
| Term & Premises | Commencement, expiration, renewal, holdover, grace periods | date / option / condition / election window |
| Financial Terms | Base rent, CAM, taxes, insurance pass-throughs, % rent, escalation, deposits | Formula table: obligation / amount-formula / frequency / due date / escalation / cap-floor / party |
| Use & Operations | Permitted/prohibited use, assignment, signage, hours, access | party / condition / remedy |
| Maintenance & Repairs | Structural, systems, common areas, HVAC, roof, TI | Responsibility matrix |
| Insurance & Liability | Coverages, limits, additional insureds, waivers, indemnity | policy type / limit / party / trigger |
| Default & Remedies | Events of default, cure, notices, self-help, damages | event / notice / cure window / remedy |
| Special Provisions | SNDA, co-tenancy, kick-out, exclusivity, ROFR, options | provision / risk level / practical impact |
| Missing/Unusual Terms | Missing clauses, drafting conflicts, ambiguity | risk / reason / impact / recommended action |
| Critical Dates | Rent commencement, notice deadlines, option windows, renewals | date / action / responsible party / status |
| Obligation Heat Map | High / Moderate / Low risk items | Grouped by severity |
| Counsel Action Items | Items requiring legal follow-up | Bulleted 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