LeaseLens could well become your new assistant when it comes to the arduous task of lease abstraction. Driven by cutting-edge machine learning technology, this tool stands to revolutionize the way you deal with commercial and real estate lease documents.
Here’s a simple, step-by-step look into how LeaseLens operates:
· Upload your lease: Begin by uploading the lease documents that you wish to abstract. LeaseLens accepts any real estate or commercial lease which you need to analyze.
· Wait briefly: As soon as the document is uploaded, the AI gets to work. It meticulously sifts through the lease to identify and distill the necessary data points.
· Review and export: After the extraction, you can review the abstracted data right on the site. If needed, you have the option to export your summaries to Excel or Word for further use.
LeaseLens is not your typical lease abstraction software. It uses award-winning artificial intelligence to sift through lease agreements with unparalleled speed and precision, producing abstracts in minutes instead of days. Originally a time-intensive and expensive process prone to human error, LeaseLens offers a smoother and error-free solution.
By drawing on a machine learning model honed from thousands of lease agreements, the service promises accurate, cost-effective, and efficient lease abstraction.
LeaseLens is versatile and capable of handling different types of leases. Multiple leases can be abstracted at once, offering a powerful advantage for those managing a substantial portfolio.
Moreover, the inclusion of AI in Commercial Real Estate (CRE) lease abstraction means data are extracted swiftly, providing you with quick insights and summaries that can expedite your due diligence, simplify lease administration, and enhance your contract management processes.
While LeaseLens allows you to view abstracted data for free, exporting the summarized information to a spreadsheet or document involves a fee.
Traditionally, leasing professionals would spend hours — potentially up to half a working day — to abstract a single lease, costing a significant sum per document. LeaseLens turns this process on its head. Not only does the software abstract leases in a fraction of the time, but it also eliminates the substantial expenses associated with manual extraction.
LeaseLens embodies a paradigm shift in lease management, offering:
· Accuracy guaranteed by over a dozen years of machine learning and AI refinement
· Substantial time savings, with data extraction completed in just minutes
· Financial efficiency with cost savings notable per lease abstract
To understand the caliber of LeaseLens' performance, sample lease abstracts are available to review on their website, showcasing their capabilities for both U.S. and U.K. leases.
Effortlessly abstract a lease today and experience the efficiency of LeaseLens' AI technology. Get started with the free-to-view feature and only pay if you need the convenience of exportable results.
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