Property Management
What is a lease abstract file in commercial property management?
AA file of all expired leases
BA file containing key lease terms for each tenant for quick reference by management staff✓ Correct
CA legal summary of tenant disputes
DAn inventory of tenant improvements
Explanation
A lease abstract file contains summaries of key provisions for each commercial tenant's lease (rent, escalations, options, exclusives, expiration dates) to enable quick reference without reviewing entire lease documents.
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