FAQ
Lease abstraction software questions, answered
Accuracy, verification, security, exports, and how Leaseabstracts compares to the alternatives. The short version: the AI does the copying, every field links to its clause, and you approve before export.
How accurate is the AI on a long, complex lease?
The AI extracts 200+ fields from leases that run well past 100 pages, and assigns every field a confidence score of High, Medium, or Low. Red-flag checks surface missing notice periods, unusual escalations, and conflicting dates. You review the abstract and approve it before export, so the AI does the copying and you keep the judgment.
How do I verify a field is right?
Every field links back to the exact page and clause it came from in the source PDF. Click any value and the tool jumps you to the clause. You never have to take a number on faith, and you can audit the whole abstract against the lease in minutes.
Is my lease data secure and confidential?
Yes. Your documents are encrypted in transit and at rest, and we never use them to train models. You control retention and deletion, and access is limited to your account. See our security page for the full detail on how we protect your leases.
Does it handle scanned or old PDFs?
Yes. Built-in OCR reads scanned, image-based, faxed, and decades-old leases, not just clean digital files. If a human can read the page, the AI can extract from it.
What exactly does it extract?
Key dates, the full rent schedule and escalations, renewal and termination options, CAM and operating expense terms, security deposits, use and exclusivity clauses, assignment and subletting provisions, and other critical clauses. It pulls 200+ structured fields from a standard commercial lease.
What formats can I export to?
Excel (XLSX), CSV, and PDF, plus a Yardi and MRI-mapped export so the abstract drops into your system without reformatting. The structure stays consistent across every lease you run.
How is this different from MRI, Visual Lease, or Prophia?
Those are enterprise systems of record with annual contracts, implementations, and migrations. Leaseabstracts is self-serve and priced per lease: you upload, abstract, and export without changing your system of record or signing a contract. Many teams use it to feed exactly those platforms. See the full comparison on our alternatives page.
How is this different from offshore abstraction services?
Offshore services return abstracts in 2 to 5 days, with quality that varies by analyst and a queue for every batch. Leaseabstracts returns a structured, source-linked, confidence-scored abstract in minutes, with consistent output and no waiting.
Do I have to talk to sales to get started?
No. Solo, Team, and Firm plans are fully self-serve: pick a plan, create your account, and start abstracting. Only the Enterprise tier involves a conversation, because it is tailored to your portfolio.
Does it support ASC 842 lease accounting?
Yes. It extracts the commencement dates, lease terms, payment schedules, escalations, and renewal and purchase options your accounting team needs for ASC 842 classification and measurement, each one traced to its clause. See our ASC 842 extraction page for the full field list.
Can I trust the output enough to rely on it?
The output is verifiable, not a black box. Confidence scores tell you what to double-check, source links let you confirm every figure against the lease, and human review sits between the AI and your export. You are always the one who approves the final abstract.
Who is it built for?
CRE owners and asset managers, property management and brokerage teams, acquisitions and underwriting groups, and real estate paralegals and law firms. Anyone who needs lease terms out of a PDF and into a structured, source-linked abstract.
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Still have a question?
See the answer for yourself
Upload a commercial lease, review a source-linked abstract, and export to a spreadsheet you own. The demo is free to try.