lease-summary

name	lease-summary
description	Summarizes U.S. commercial lease agreements into structured transactional abstracts. Use when asked for a commercial lease summary, lease abstract, key lease terms, rent schedule review, default/termination analysis, or lease handoff. Produces party-to-obligation mappings, financial mechanics, risk flags, and critical date calendars.
tags	["summarization","summary","transactional"]

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

1. Extract parties, lease identity, jurisdiction, governing law
2. Capture baseline business terms before risk-heavy clauses
3. Normalize key definitions (Premises, CAM, Base Rent, Additional Rent, Term, etc.)
4. Build financial mechanics as formulas, not prose
5. Map each right/obligation to party + triggering condition
6. Flag ambiguity, missing provisions, and atypical clauses
7. 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