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Commercial Lease

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Real Estate Document Intelligence

The world's best commercial lease extraction

Transform commercial lease agreements into structured data for lease administration, accounting, and portfolio management. Extract base rent, CAM/NNN charges, escalations, options, TI allowances, and operating expense structures from office, retail, and industrial lease agreements.

commercial-lease.pdf


Lease id

CL-2024-78901


Execution date
Jul 15, 2024

Landlord name

Metro Commercial Partners LLC


Landlord address

500 Corporate Center Drive, Suite 100, Chicago, IL 60601


Tenant name

TechStart Solutions Inc.


Tenant trade name

TechStart


Guarantor

None - Corporate Lease


Property name

Metro Business Center


Property address

750 Innovation Way, Suite 400, Chicago, IL 60602


Premises type

Office


Rentable sqft

8,500


Usable sqft

7,650


Load factor

1.11


Floor

4


Suite

400


Commencement date
Oct 01, 2024

Rent commencement date
Jan 01, 2025

Expiration date
Sep 30, 2029

Term months

60


Base rent

Year 1

Annual

238,000


Monthly

19,833.33


Psf

28


Year 2

Annual

245,140


Monthly

20,428.33


Psf

28.84


Year 3

Annual

252,494


Monthly

21,041.17


Psf

29.70


Year 4

Annual

260,069


Monthly

21,672.42


Psf

30.60


Year 5

Annual

267,871


Monthly

22,322.58


Psf

31.51


Rent escalation

3% annually


Lease type

Modified Gross


Operating expenses

Base year

2,024


Base year amount psf

12.50


Tenant share percent

4.25


Cap percent

5


Estimate monthly

1,062.50


Cam charges

Included in opex
True

Controllable cap
True

Security deposit

59,500


Tenant improvement allowance

Amount

340,000


Psf

40


Deadline

2025-03-31


Free rent months

3


Free rent period

October 2024 - December 2024


Parking

Spaces

25


Ratio

3.0 per 1,000 SF


Monthly cost per space

150


Reserved spaces

5


Renewal options
1 item
Term yearsNotice monthsRent basis

5

12

Fair Market Value with 95% floor


Expansion option

Sqft

4,000


Location

Suite 450


Notice months

6


Termination option

Effective date
Sep 30, 2027

Notice months

9


Fee

119,000


Permitted use

General office and software development


Insurance requirements

General liability

2,000,000


Property coverage

Full replacement


Workers comp

Statutory


Signage rights

Building standard directory and suite entry


Governing law

Illinois


Notes

Tenant taking space as-is with TI allowance for buildout.

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Integrations

Connect Commercial Leases across your stack

DocuPipe captures commercial leases from property managers, brokers, or e-signature platforms. Extract complex rent structures, operating expenses, and critical dates, then sync to lease administration, ERP, or accounting systems for ASC 842 compliance.

Sources
Email Inbox
P
Property Management
DocuSign
L
Leasing CRM
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Destinations
Lease Administration
ERP System
Accounting
P
Portfolio Management
API

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