Yardi Smart Lease pricing and alternatives: what Voyager's AI lease abstraction covers, and what it leaves on your desk

Every Smart Lease entry below comes from Yardi's own product page, product FAQ and launch post. Nothing is taken from a directory, because the product is new enough that most directory listings describe Voyager in general rather than this module.

The honest summary: Smart Lease wins on where the data ends up, because nothing beats native write-back if Voyager is your system of record. LeaseAbstracts wins on who can use it, what documents it reads today, and whether you can see a price before a sales call.

Yardi does not publish a price for Smart Lease. The product page offers Book a demo and a brochure, and nothing else. Smart Lease is listed in the Commercial menu under Ancillary Products, beside Data Connect and Document Management for SharePoint, so it is priced as an add-on to Voyager Commercial rather than as a product you can buy on its own.

That has two practical consequences. First, you cannot price it without being a Voyager Commercial client or becoming one, and the Voyager contract is the larger number. Second, the price is negotiated inside your Yardi relationship, so the best moment to ask is at renewal or when you are adding modules anyway.

You will find articles quoting dollar figures for Yardi. Read them carefully: they estimate Voyager, Breeze or the Yardi range in general, not Smart Lease, and none of them cite a rate from Yardi. We do not repeat those numbers here because none of them can be traced to the vendor.

For comparison, abstraction you can buy without a contract is priced in the open. On our plans the per-lease cost falls from about $3.27 on Solo to about $1.99 on Team and $1.60 on Firm at full use, and the lease abstraction software pricing page lines up every vendor that publishes a figure.

Yardi lists the following capabilities on its product page and in the March 2026 launch post. The wording in the right column is Yardi's, lightly shortened.

That is a serious feature set, and it is worth saying plainly that source linking and human review are not unique to anyone any more. Smart Lease has both. The differences that matter for a purchase are scope, access and price.

By Yardi's own account, new ones. The product FAQ answers "What types of leases does Smart Lease support?" with "Smart Lease supports new commercial leases at launch. Support for renewals and additional workflows is planned for future releases." The launch post describes the workflow the same way: "When a new lease is ready for processing, simply upload the document into Voyager."

For a landlord or property manager, that leaves three kinds of document outside the stated scope:

• The back catalog. Leases signed years ago that were keyed by hand, often incompletely, and that nobody has checked since.
• Amendment chains. A lease plus four amendments and a side letter, where the rent table in force is the one in the third amendment. An abstract of the original lease alone is wrong on day one.
• Renewals. Named by Yardi as planned rather than live.

Product scope changes, so ask on the demo exactly what Smart Lease processes today and get the answer in writing. If the answer is still new leases, the portfolio you already own needs another route, and that route is where most of the abstraction hours actually sit.

It would be misleading to present Smart Lease as a weak product. For one buyer it is the obvious answer: a Voyager Commercial landlord or third-party manager onboarding a steady flow of new leases. For that team, native write-back removes a whole step. There is no file to export, no import template to maintain and no second system to reconcile, and the review happens inside the screen the lease administrator already works in. The AI assistant and clause summaries also live on the tenant record, where the property team will actually see them.

If that describes you, the questions are not whether Smart Lease works but what it costs on your agreement and when renewals and amendments arrive. A standalone tool cannot beat native write-back on convenience, and we would not claim otherwise.

Use the two for different halves of the portfolio. New leases go through Smart Lease if you buy it, because that is its stated scope. The existing portfolio, the amendment chains and any acquisition you are underwriting go through standalone abstraction, because none of them wait for a future release.

The mechanics are simple. Upload each lease with its amendments, review the fields the model graded as uncertain, then export the Yardi mapped sheet on the Team or Firm plan. Its columns carry names such as TenantName, LeaseFromDate, LeaseToDate, BaseRentAmount, CamProRataShare and RenewalNoticeDate, so your Yardi administrator or implementation partner maps one file instead of retyping hundreds of leases. Test the first import on a handful of leases before you load the portfolio, as you would with any data migration. Our Yardi lease abstraction workflow for Voyager walks through the field mapping in detail.

Two groups skip Smart Lease altogether. Teams on Yardi Breeze are outside its stated scope, and occupiers on the tenant side of the Yardi range buy a different product: if that is you, read our comparison of Yardi Corom alternatives instead.

Because there is no public price, the demo is where you find out whether Smart Lease fits. Five questions decide it:

• What does it cost on our agreement, as an annual figure, and is it priced per lease, per property, per unit of space or as a flat module fee?
• Which documents does it process today? New leases only, or amendments and renewals as well. Ask for the date of any planned release in writing.
• Can it run the back catalog? If yes, at what volume per day and at what cost. If no, what Yardi recommends instead.
• Which fields does it populate? Get the list and check it against your own abstract template, especially CAM caps, exclusions, notice deadlines and co-tenancy.
• Where does review time go? Ask how many fields a reviewer typically corrects on a 60-page lease. That number, not an accuracy percentage, decides your staffing.

Bring one of your own messiest leases, ideally a scanned original with amendments. A demo on a clean sample tells you very little.

Smart Lease is part of a wider pattern: the big property platforms are building abstraction into their own systems. Here is how the platform-native options compare on the two things you can check before a call.

The pattern is consistent. Platform-native abstraction is excellent at feeding its own platform and is priced inside that platform's contract. Standalone abstraction is the route when the data has to move, when you are not yet a customer, or when the documents fall outside the module's scope. The full list of lease abstraction software alternatives covers the rest of the field.