Abstraction Services

OHI provides comprehensive and high quality abstraction services. Our team of experienced leasing professionals are well versed with the nuances and technicalities of real estate, retail, equipment and vehicle leases. We are also familiar with lease terms such as Hold Over, Radius Restrictions, Go Dark, Eminent Domain/ Sub ordination and Subletting.


OHI’s team has experience working in leading lease management and abstraction software such as Prolease, Lease Harbor, Yardi, MRI, Visual Lease, RE Flex, CoStar among others. Our services are used by 150+ commercial, retail, residential real estate, transportation companies in USA and Canada.

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Title Abstracts | Lease Abstracts | Loan Abstracts | Equipment Abstracts | Automotive Abstracts | Data Abstraction

Highly qualified and experienced abstract team

Skilled Employees

Cost Savings

30-50% cost savings compared to in-house hired staff

Our Clients

300+ Clients in USA, Canada and UK

Real Estate Abstracts

Abstract of Title

For our real estate clients we provide abstraction of title, loan and lease documents including leases, amendments, subleases, letters for commercial, retail, industrial and residential properties.

Also referred to as an Abstract, is the condensed history of the title to a particular parcel of real estate, consisting of a summary of:

  • Deeds
  • Mortgages
  • Wills
  • Probate records
  • Court litigations
  • Easements
  • Tax sales
  • Any other legal document that affects the property

Lease Abstracts

Some of the salient features of our lease abstracts are as follows:

  • Rent Schedules
  • CAM, Taxes and Insurance Schedules
  • Fee Schedules
  • Tenant and Landlord Insurance Requirements
  • Tenant Allowances
  • Lease Options and Rights
  • Lease Obligations
  • Guarantees and Waivers
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  • Use of Funds
  • Interest Period
  • Borrower Interest Rate
  • Maturity Period and Options
  • Leasing Requirements
  • Escrow Requirements
  • Replacement Reserve
  • Guarantor Covenants

Our loan abstracts contain the following indicative information:

Loan Abstracts

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Other Types of Abstractions

Equipment Lease Abstracts

Our lease abstraction covers all types of equipment: office equipment, heavy equipment, IT equipment, farm equipment, etc.

  • Lease terms
  • Options
  • Expenses
  • Taxes
  • Depreciation schedules
  • Residual value guarantees
  • Renewal/Purchase/Return critical dates

Automotive Lease Abstracts

We have performed lease abstraction for car and van rental firms, moving and storage, construction and transportation firms.

  • Lease Rates
  • Date and Place of Collection
  • Return Date and Place of Return
  • Obligations of the Lessor
  • Obligations of the Lessee
  • Lease Rates
  • Usage of Vehicle
  • Warranties and Indemnities
  • Read, review, collect and extract key points and facts from large volumes of data or information
  • Summarizing the key points in a compact and concise manner with relevant references
  • Stringent quality audit, editing and proof reading
  • Output presented in a standard or customized database format

We also provide data abstraction services. Key points and facts are extracted in a compact and concise manner from a large document.

Data Abstraction Services

Critical data points captured in the abstract are:

Critical data points captured in the abstract are:

Key Features:

Software Expertise

We have high expertise across numerous lease abstraction and administration software used across USA.

Pricing

pricing starts at

SIMPLE ABSTRACTION

$100

* per lease

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pricing starts at

DETAILED ABSTRACTION

$175

* per lease

$2600

Contact us for a custom quote

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* Special Discounts for Bulk Requirements

FULL-TIME

Abstraction Process

Requirements

  • Preliminary discussion with client to understand their abstraction requirements and preferences including the level of detail to be captured
  • OHI’s team reviews representative lease agreements used by client to understand the underlying complexity of the leases
  • The abstract template to be used is finalized with the client
  • Understanding lease abstraction timelines and preparation of delivery schedule

Transfer of Lease Information to Abstract

  • Client provides lease documents and additional information by uploading to the secured shared drives Dropbox or Google Drive

Abstraction Work-Process

  • Abstraction Status Tracker is set-up (if multiple leases are to be abstracted)
  • Lease documents are reviewed in detail by the leasing specialist
  • Missing document report is shared with the client
  • Sample abstract is prepared by the lease specialist in the agreed upon lease abstract template
  • Abstract contains detailed section and page references, index of documents, notes and open queries (if any)
  • Key data is summarized in clear and concise abstracting language into final deliverable format
  • Prepared lease abstract is then reviewed by a senior leasing specialist to ensure completeness, accuracy and quality of the lease abstract. All key figures are double-checked
  • Abstracts are delivered in the format as defined at the start of the project

Final Deliverables

Team & Staff Profile
employees

500+

clients

300+

About Us

  • 300+ real clients across North America in all major states
  • High client satisfaction - Most of our clients have been with us since 8+ years
  • Fully integrated service provider providing services in leasing, administration, accounting, analysis and allied services
  • Senior management team with rich outsourcing and management experience since 2003 in global companies
  • Highly qualified and experienced lease abstract team
  • High expertise in numerous lease abstraction interfaces such as ProLease, Accruent, Tango, Lease Harbor and Lease Query
  • Spacious office set-up (50,000 square feet) with modern facilities and uninterrupted power supply
  • 200 MBPS high speed dedicated internet leased line

Client Profiles

A vertically integrated, full service real estate company based out of Bellevue, WA. They specialize in commercial properties. The firm has developed and built in excess of 81 properties and have more than 10,000 units under management.

A well-known fully integrated real estate investment cum asset management firm based in Tampa (FL). They manage a wide variety of commercial real estate assets and provide property management services to 3rd party commercial real estate owners.

A 100 year old moving and storage company headquartered in Colorado with multi-state operations. The firms’ revenues are about 50-75 mn and has about 250 employees.

A leading provider of school bus transportation services in USA, They operate more than 10,000 vehicles serving more than 220 school districts.

A privately held fully integrated service commercial real estate company specializing in Retail Shopping Center acquisitions, management, and development.

A successful owner, developer and property manager of retail properties throughout the state of Texas.

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Abstraction Services

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Address

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US Office

919 North Market Street, Suite 950, City of Wilmington, DE 19801, USA

IND Office


E-46/6 and E-46/8, Okhla Phase II, New Delhi -110020, India

BPK Titanium, 5th Floor, Niranjanpur, AB Road, Vijay Nagar, Indore, Madhya Pradesh 452010, India

The Real Estate Specialist Since 2006

At OHI, we leverage outsourcing, automation and industry leading processes to assist you in scaling new heights of excellence. We aim to help you optimize your portfolio, acquire better, and streamline operations, all in a cost-efficient manner.

Contact Us

+1 (646) 367-8976

+1 (646) 367-8976

USA Office


919 North Market Street, Suite 950, City of Wilmington, DE 19801, USA

IND Office

BPK Titanium, 5th Floor, Niranjanpur, AB Road, Vijay Nagar, Indore, Madhya Pradesh 452010, India

E 46/6 & E 46/8, Okhla Phase II, New Delhi -110020, India

Services

Other Services

Residential Property Accounting
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Commercial Property Accounting
Treasury Support Service
HOA/Condo Accounting
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Portfolio Accounting
Financial Controller
Remote Real Estate
Fund Accounting
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Lease Abstraction
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