LeaseLens is a revolutionary AI-powered lease abstraction software, offered free of charge, that employs machine learning to extract crucial data points from real estate or commercial lease documents.
By automating the process, LeaseLens significantly reduces the time and cost associated with manual data extraction, delivering an abstract in mere minutes compared to the hours or days typically required by conventional methods.
The machine learning model, trained on thousands of lease agreements, ensures accuracy in extracting data points such as title, critical dates, renewal options, and square footage.
Users can effortlessly upload their lease documents to obtain free access to abstracted provisions. For a nominal fee of $25, they can also export the results to Excel or Word. LeaseLens finds utility in real estate lease abstraction for property management and commercial lease abstraction for equipment leasing.
LeaseLens prioritizes user privacy, affirming that it does not share user data with third parties and deletes leases after abstraction. Notably, over 50% of AmLaw 100 firms utilize LeaseLens technology.
For additional insights, users can explore the FAQ section on the website, which delves into the types of leases that can be abstracted, the advantages of AI in commercial real estate (CRE) lease abstraction, and an overview of how LeaseLens operates.
While the current platform allows for the abstraction of one lease at a time, plans are underway to introduce support for multiple lease abstractions.
More details about LeaseLens
Why does LeaseLens use cookies on their site?
LeaseLens implements cookies on their website to enhance user experience and deliver more personalized services. Utilizing a single, small cookie, LeaseLens records user preferences, ensuring users don’t have to repeat the same choices every time they visit the site.
What data points are extracted from lease agreements by LeaseLens?
LeaseLens can identify over 200 industry-standard fields in lease agreements for extraction into your lease abstract. Some of the data points it can extract include title, critical dates, renewal options, and square footage of premises, among others.
How does LeaseLens help me save money?
LeaseLens enables significant cost savings by reducing expenses associated with lease abstraction. Traditional abstraction services can consume hours and cost hundreds of dollars per lease. With LeaseLens, users can access the same service within minutes and at a fraction of the cost.
What does the machine learning model of LeaseLens do?
The machine learning model of LeaseLens has been meticulously trained on thousands of lease agreements to recognize and extract relevant data points. It efficiently processes lease agreements, identifying key information such as title, critical dates, renewal options, and square footage, resulting in an abstract within minutes, a stark contrast to the typical hours or days required by manual methods.
