LeaseLens
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About
LeaseLens is an AI-based lease abstraction software that extracts relevant data points and produces a lease abstract in minutes. It uses machine learning technology trained on thousands of lease agreements, offering accurate data, cost savings, and efficient lease abstractions. It can be used for real estate and commercial leases. The tool allows users to upload leases, view abstracted data and GPT-4 powered summaries for free. Users only pay to export results to Excel or Word. LeaseLens can identify over 200 industry standard fields, and also offers bulk lease review projects and human review options.
Platform
Features
• ai-powered lease abstraction
• human review of abstractions
• bulk lease abstraction
• export to excel or word
• customized lease summaries
• free lease abstraction and summary
FAQs
What types of leases can LeaseLens abstract?
LeaseLens can be used for real estate lease abstraction in the case of property management and commercial lease abstraction for those who lease equipment.
Can I abstract multiple leases at once?
Yes! Our underlying technology has been used to review millions of agreements. If you’d like to abstract leases in bulk, contact us today to get started.
What are the benefits of AI in CRE lease abstraction?
Most lease abstraction services that use manual data extraction can take anywhere from four to eight hours to abstract one lease and cost hundreds of dollars. This process is time consuming, costly and error-prone. AI-based CRE lease abstraction tools can extract the same data in minutes using machine learning.
How does LeaseLens make money?
LeaseLens is free to use! Upload original documents and view your lease abstract for free. If you’d like to export your abstract to Microsoft Excel or Word, it will cost $25. This is way cheaper compared to other lease abstraction services. We do not share your data with third parties and leases are deleted after they have been abstracted.
How does LeaseLens work?
When you upload your lease, we pass it through our optical character recognition (OCR). This allows LeaseLens to read and understand your document. Then, our AI scans your document for relevant lease information to extract. This is done using our machine learning algorithm that has been trained over 12 years to deliver accurate results.
What lease information does a LeaseLens abstract contain?
There are over 200 industry standard fields that LeaseLens can automatically identify to extract into your lease abstract, depending on the type of abstract you choose and the provisions that you want to look for in your leases.
Can I upload my lease abstract into Yardi or another lease administration system?
Yes! To receive your lease abstraction results in an ETL spreadsheet format (that should enable you to upload them into most lease administration or property management systems, like Yardi), contact hello@leaselens.ai.
Can I get human review of my LeaseLens abstraction?
Yes! If you are doing a bulk lease review project, we can connect an experienced lease abstraction firm to provide an extra level of human review on top of your LeaseLens AI lease abstraction results.
Pricing Plans
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