Visit
What is LeaseLens?
Lease Lens is a cutting-edge lease abstraction software powered by artificial intelligence. It provides users with the ability to efficiently and precisely extract pertinent lease data. By utilizing advanced machine learning technology, Lease Lens streamlines the process of abstracting information from both real estate and commercial lease documents, resulting in significant time and cost savings.
Information
- Revenue
- $2.40M
- Language
- English
- Price
- Paid
Pros VS Cons
- Pros
- LeaseLens offers free lease abstraction with fast data extraction, customizable lease abstracts, and recognition of over 200 standard fields, making it a popular choice for law firms and users who value privacy and data security.
- Cons
- However, LeaseLens has limitations such as the inability to abstract multiple leases simultaneously, limited customization options and data extraction fields, no API or integration with other software, and no mention of OCR quality or collaborative features, with no options for data backups.
Freework.ai Spotlight
Display Your Achievement: Get Our Custom-Made Badge to Highlight Your Success on Your Website and Attract More Visitors to Your Solution.
Website traffic
- Monthly visits620
- Avg visit duration00:02:59
- Bounce rate51.45%
- Unique users--
- Total pages views1.07K
Access Top 5 countries
Traffic source
LeaseLens FQA
- What types of leases can LeaseLens abstract?
- Can I abstract multiple leases at once?
- What are the benefits of AI in CRE lease abstraction?
- How does LeaseLens make money?
- How does LeaseLens work?
LeaseLens Use Cases
LeaseLens is an AI-based lease abstraction software. The lease abstraction process can be time consuming, costly and error-prone. What if you could abstract information from your entire portfolio quickly and accurately for free?
LeaseLens uses award-winning machine learning technology to extract relevant data points and produce a lease abstract in minutes, rather than hours or days. Our machine learning model has been trained on thousands of lease agreements guaranteeing you accurate data, cost savings and efficient lease abstractions.
LeaseLens can be used for real estate lease abstraction in the case of property management and commercial lease abstraction for those who lease equipment.
Most lease abstraction services that use manual data extraction can take anywhere from four to eight hours to abstract one lease and cost hundreds of dollars. This process is time consuming, costly and error-prone.
AI-based CRE lease abstraction tools can extract the same data in minutes using machine learning. The underlying AI technology has been trained for over 12 years and is used by the top law firms worldwide. So you get accurate data you can trust, hundreds of dollars in cost savings per lease, and save a lot of time.
LeaseLens is free to use! Upload original documents and view your lease abstract for free. If you'd like to export your abstract to Microsoft Excel or Word, it will cost $25. This is way cheaper compared to other lease abstraction services.
When you upload your lease, we pass it through our optical character recognition (OCR). This allows LeaseLens to read and understand your document. Then, our AI scans your document for relevant lease information to extract. This is done using our machine learning algorithm that has been trained over 12 years to deliver accurate results.
There are over 200 industry standard fields that LeaseLens can automatically identify to extract into your lease abstract, depending on the type of abstract you choose and the provisions that you want to look for in your leases. This includes: title, critical dates, renewal options and square footage of premises among others. LeaseLens lets you customize what goes into your lease abstract, so you can quickly find the details you need.
You can view your abstract for free. If you'd like to export your abstract into a Microsoft Excel or Word lease abstract template, this will cost $25 per abstract.
Try it out for free! Upload a lease and view your abstracted provisions at no cost.
Follow us on Twitter