You are midway through diligence, skimming a long office lease, and trying to answer a simple question: can this tenant get out early or give back space. The clauses are scattered, cross referenced, and easy to miss. One missed sentence can change your effective term and your vacancy assumptions. Most models take the stated expiration at face value. Termination rights eat into that. You need a clear read on each trigger, notice window, and fee before you put numbers in front of an IC. Due Diligence ~5 min to run Abstract Tenant Termination Rights from a Lease Vic prompt Use Vic to abstract the termination rights from the 75,000 sf office lease at 200 Main Street and classify each by impact on cash flow. Purpose termination rights can shorten effective lease terms and create vacancy risk that standard NOI projections miss; the review takes five minutes instead of twenty Inputs Commercial Lease Required Additional Context Optional Outputs a two-page Word memo with a termination-risk summary, cash flow implications, and a classified schedule of every termination right including trigger, notice, fee, and cure window Time saved Cuts a typical 20 minute lease review to about 5 minutes. How it works Give Vic the lease. Add context if you want, but you do not have to. Then run: "Use Vic to abstract the termination rights from the 75,000 sf office lease at 200 Main Street and classify each by impact on cash flow." The task reads the document end to end and pulls every tenant right to terminate or reduce its premises before the stated expiration. That includes clean termination options, contraction rights, co tenancy outs, kick outs tied to sales thresholds, and similar clauses that cut occupancy or income. Each right is labeled High, Medium, or Low based on its effect on occupancy and cash flow. You get a two page Word memo. The first half is a tight summary of overall termination risk with a plain read on what it means for your underwriting. It flags where the effective lease term may be shorter than it looks and where income could step down. The second half is a schedule of each right with the details you need to model it: trigger, notice period, fee, and cure window. This is the part most people try to do in their head while reading. It is also where errors creep in. A right that looks minor can be High impact if the fee is low and the notice is short. A right that looks scary can be Low if the trigger is unlikely or the fee is punitive. The classification gives you a quick sort so you know where to spend time. The memo format matters. It is ready for your diligence file and easy to share with a deal team. No hunting through marked up PDFs. No separate notes doc. The schedule gives you a clean input for your model, and the summary tells you how to think about it. Use it early. If the lease has multiple outs in the first few years, you may want to haircut term or build a vacancy case. If rights cluster around a single date, that is a refinancing risk. If a large tenant can contract in a meaningful way, your rollover assumptions should reflect that. None of this shows up in a standard rent roll. The time savings is real, but the bigger win is consistency. Every lease gets the same pass, every right is listed with the same fields, and the impact is labeled the same way. That makes it easier to compare across a deal and across deals. Five minutes to get a complete read beats twenty minutes of skimming and a lingering doubt that you missed something.