LeaseLens emerges as a no-cost AI-driven lease abstraction solution that harnesses the power of machine learning to extract pertinent data from real estate and commercial lease documents.

In lieu of manual data extraction, LeaseLens revolutionizes the process, rendering an abstract in mere minutes, a stark contrast to the hours or days conventionally expended.

The machine learning model, honed through its exposure to thousands of lease agreements, adeptly discerns key data points including titles, pivotal dates, renewal alternatives, and square footage with utmost precision.

Users enjoy the liberty to effortlessly upload their lease documents and access abstracted provisions free of charge. Should they opt to export results to Excel or Word, a nominal fee of $25 unlocks this feature. LeaseLens serves a dual role, facilitating real estate lease abstraction for property management and commercial lease abstraction for equipment leasing.

Crucially, the website emphatically asserts its commitment to safeguarding user data, explicitly affirming that leases are expunged post-abstraction. According to LeaseLens, a formidable 50% of AmLaw 100 firms have embraced their technology.

Further enriching the user experience is a comprehensive FAQ section, offering insights into the types of leases amenable to abstraction, elucidating the advantages of AI in CRE lease abstraction, and elucidating LeaseLens’ operational mechanics.

Admittedly, the platform currently accommodates the abstraction of one lease at a time, although plans are afoot to introduce multi-lease abstraction capabilities in the near future.