Frequently Asked Questions


What is lease abstraction?

Lease abstraction condenses a lease into a clear summary of its key terms — rent, dates, options, and obligations — so you can access the information that matters most.

Why do property owners need it?

Because missed dates and overlooked clauses cost money. Abstraction ensures no escalation, renewal, or obligation is missed, helping owners protect income and make confident decisions.

How is PRECISION ABSTRACT different?

We go beyond summaries. With 15+ years in property management and brokerage, we highlight risks, track escalations, and provide portfolio-wide clarity — all delivered faster than larger firms.

Do I need special software?

No. We work within Excel, Word, PDFs, or your existing systems — no subscriptions or extra training required.

How quickly can you deliver?

Turnaround times vary by project size, but we’re built for speed. You’ll get a clear delivery timeline upfront, and most single abstracts are completed within days, not weeks.