Product Introduction
LeaseLens is a free AI-powered lease abstract software that extracts relevant data points from real estate or commercial lease documents using machine learning. Unlike manual data extraction, LeaseLens saves time and money through an automated process, generating a summary in just a few minutes compared to traditional methods. The machine learning model has been trained on thousands of lease agreements to provide accurate data points such as titles, key dates, renewal options, and square footage. Users can upload their lease agreements for free and view the summary terms, or export the results to Excel or Word for $25. LeaseLens can be used for both real estate lease abstracts and commercial lease abstracts for equipment leasing. The website explicitly states that they do not share user data with third parties and delete lease agreements after the summary is completed. According to LeaseLens, over 50% of AmLaw 100 companies use their technology. The website provides an FAQ section where users can find more information about the types of leases that can be abstracted, the benefits of using AI in CRE lease abstracts, and how LeaseLens works. However, the website currently only allows one lease agreement to be abstracted at a time, although they are considering building a feature for multiple lease abstracts.