LeaseLens
LeaseLens is a free AI-based lease abstraction software that utilizes machine learning to extract pertinent information from real estate or commercial lease documents. By automating the data extraction process, LeaseLens saves valuable time and resources, generating an abstract within minutes instead of the hours or days required by traditional methods.
Trained on thousands of lease agreements, the machine learning model employed by LeaseLens ensures accurate identification of data points such as title, critical dates, renewal options, and square footage. Users can easily upload their lease documents and access their abstracted provisions at no cost. Additionally, the results can be exported to Excel or Word for a nominal fee of $25.
LeaseLens serves as a valuable tool for real estate lease abstraction in property management and commercial lease abstraction for equipment leasing. The platform guarantees user privacy, as it explicitly states that no user data is shared with third parties, and leases are promptly deleted after abstraction.
With over 50% of AmLaw 100 firms utilizing LeaseLens, the platform has gained significant recognition in the industry. The website offers an informative FAQ section, providing users with detailed information on the types of leases that can be abstracted, the advantages of AI in CRE lease abstraction, and a comprehensive explanation of how LeaseLens operates.
While currently limited to abstracting one lease at a time, LeaseLens is actively working towards developing the capability for multiple lease abstraction.
