LeaseLens

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Introduction: Stop paying $100s for lease abstraction services. View abstracted data and GPT-4 powered summaries for free!
Added on: Jan 19, 2025
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LeaseLens

What is LeaseLens

LeaseLens is an AI-based lease abstraction software designed to simplify the lease abstraction process. The software uses award-winning machine learning technology to extract relevant data points and produce a lease abstract in minutes, rather than hours or days. This process is typically time-consuming, costly, and error-prone, but LeaseLens offers a free solution with the option to export results to Excel or Word for a small fee.

How to Use LeaseLens

  1. Upload your lease: Upload any real estate or commercial lease documents you'd like to abstract.
  2. Make some coffee: Our artificial intelligence will identify and extract the relevant lease data in minutes.
  3. View your abstract: View your extracted data and export your abstract to Excel or Word.

Use Cases of LeaseLens

LeaseLens is ideal for property management and commercial lease abstraction. It can be used to abstract multiple leases at once, making it suitable for large portfolios. The AI-based tool is designed to save time and reduce costs associated with manual lease abstraction.

Features of LeaseLens

  • AI-Powered Lease Abstraction

    LeaseLens uses machine learning to extract relevant data points from lease agreements, providing accurate and efficient lease abstracts.

  • Free to Use

    Users can upload lease documents and view abstracted data for free. Exporting results to Excel or Word costs $25 per abstract.

  • Bulk Lease Abstraction

    LeaseLens supports bulk lease abstraction, making it suitable for large portfolios and reducing the time required for manual data extraction.

  • Customizable Lease Abstracts

    LeaseLens allows users to customize what goes into their lease abstract, ensuring they can quickly find the details they need.

FAQs from LeaseLens

1

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.
2

Can I abstract multiple leases at once?
Yes, LeaseLens supports bulk lease abstraction. Contact sales for more information on abstracting multiple leases.
3

What are the benefits of AI in CRE lease abstraction?
AI-based lease abstraction tools can extract data in minutes, saving time and reducing costs compared to manual data extraction. This results in accurate data, cost savings, and more efficient contract management.
4

How does LeaseLens make money?
LeaseLens is free to use for viewing lease abstracts. Exporting results to Excel or Word costs $25 per abstract.
5

How does LeaseLens work?
LeaseLens uses optical character recognition (OCR) to read and understand lease documents. The AI then scans the document for relevant lease information using a machine learning algorithm trained over 12 years.
6

What lease information does a LeaseLens abstract contain?
LeaseLens can identify over 200 industry standard fields, including title, critical dates, renewal options, and square footage of premises. Users can customize what goes into their lease abstract.
7

Can I upload my lease abstract into Yardi or another lease administration system?
Yes, contact LeaseLens to receive your lease abstraction results in an ETL spreadsheet format compatible with most lease administration systems.
8

Can I get human review of my LeaseLens abstraction?
Yes, LeaseLens can connect you with an experienced lease abstraction firm for human review, especially for bulk lease review projects.