Illustrative demonstration. Synthetic sample data; parties and figures are fictional.
CRE Operations · Lease Abstract
Meridian Analytics Group, Inc.
Suite 210, 4400 Faber Place Drive, North Charleston, SC
Term
2021-11-01 to 2026-10-31 (5 yr)
Current Base Rent
$397,757 / yr ($32.08/rsf)
Parties
| Tenant | Meridian Analytics Group, Inc. (South Carolina corporation) |
| Landlord | Harborline Properties IV, LLC (Delaware LLC) |
| Guarantor | None identified in this lease |
Premises
| Suite | 210 |
| Building | 4400 Faber Place Drive, North Charleston, SC (88,000 rsf) |
| Rentable SF | 12,400 |
| Proportionate Share | 14.09% |
Term
| Effective Date | 2021-10-15 |
| Commencement | 2021-11-01 |
| Expiration | 2026-10-31 |
| Term | 5 years |
| Rent Commencement | 2022-02-01 (first 3 months abated) |
Base Rent
| Initial Rate | $28.50 / rsf |
| Escalation | 3.0% each anniversary (Adjustment Date) |
| Current (Lease Yr 5) | $32.08 / rsf = $397,757 / yr ($33,146 / mo) |
| Abatement | Months 1-3 fully abated |
Additional Rent / CAM
| Structure | Pro-rata share of Operating Expenses + CAM as Additional Rent |
| Reconciliation | Landlord delivers within 120 days after year-end |
| Audit Window | Tenant has 90 days from receipt to dispute / audit |
Options
| Renewal | One 5-yr option at fair market rate; written notice no later than 120 days before expiration (by 2026-07-03). Time is of the essence. |
| Early Termination | Lapsed. Was effective 2024-10-31 with 9 months notice + 3 months rent fee. |
| Right of First Offer | Suite 220 (~3,100 rsf); 15 days to accept Landlord's offer notice. |
Security
| Letter of Credit | $176,700 initial |
| Reduction | -50% on 3rd anniversary (2024-11-01) to $88,350, absent default |
| Return | Within 30 days after lease end, less any draws |
Insurance
| Coverage | Commercial general liability |
| COI Delivery | On/before policy expiry (2026-09-30) and each renewal |
Key Provisions
| Estoppel | 10 business days to return on Landlord request; non-delivery is a default and deemed admission |
| Holdover | 150% of Base Rent plus all Additional Rent |
| Notices | Hand delivery, overnight courier, or certified mail (return receipt) |
Critical Dates
- 2026-07-03 Renewal notice deadline
- 2026-07-14 CAM 2025 dispute deadline
- 2026-09-30 Insurance COI renewal
- 2026-10-31 Lease expiration
Not Addressed in This Lease
- Permitted use / exclusive use
- Assignment and subletting
- Maintenance and repair allocation
- Operating-expense exclusions and caps (detail)
- Default and remedies
- Subordination, non-disturbance and attornment (SNDA)
Abstractor Notes
- Early-termination right has lapsed; no live early-exit remains.
- Renewal is at fair market rate, not a fixed step; budget the renewal economics separately.
- Several standard provisions are not addressed in this lease (see Not Addressed). Confirm against the full executed document and any amendments before relying on this abstract.
This report uses fictional sample data (Meridian Analytics Group / Harborline Properties IV) to demonstrate output format. Figures are not from an actual engagement.