LeaseLens

What is LeaseLens?

LeaseLens is an AI-based lease abstraction software designed to identify and extract relevant data from real estate or commercial lease documents. Utilizing machine learning technology, LeaseLens automates the complex and often error-prone process of lease abstraction, saving time and resources for users. It can handle both single and multiple lease extractions, catering to a range of needs in property management and equipment leasing. Users can customize their lease abstracts, viewing the data for free and opting to export results to Excel or Word for a fee. By processing documents through OCR and employing machine learning algorithms trained over 12 years, LeaseLens ensures accurate and efficient extraction of lease data, benefiting entities like property management firms and law firms .

Who created LeaseLens?

LeaseLens was created by a group of computer science students as a capstone project at a university. The company was founded by a team of students with expertise in artificial intelligence and machine learning. Although specific founder names are not provided, the innovative platform was launched on June 18, 2024, aiming to revolutionize the real estate industry with advanced technology solutions .

What is LeaseLens used for?

• Real estate lease support
• Equipment leasing support
• Streamlined lease administration
• Enhanced contract management
• Accelerates due diligence
• Handles large volumes
• Supports bulk lease abstraction
• Allows specific data extraction
• Connects lease abstraction firm
• Identifies critical lease information
• Supports diverse abstract requirements
• Customizable lease abstracts
• Time-efficient automation

Who is LeaseLens for?

• Property Managers
• Real Estate Analysts
• Lease Administrators
• Lawyers
• Compliance Officers
• Accountants
• Asset managers
• Investment analysts
• Facilities Managers
• Commercial Leasing Agents

How to use LeaseLens?

To use LeaseLens effectively, follow these step-by-step instructions:

1. Create an Account: Start by creating an account on the LeaseLens platform by providing the necessary information and setting up your login credentials.

2. Log In: After creating your account, log in to access the LeaseLens dashboard using your registered email address and password.

3. Upload Lease Documents: Once logged in, upload your lease documents to the platform. Ensure that the documents are in a supported format for accurate analysis.

4. Document Analysis: LeaseLens will analyze the uploaded documents using its advanced algorithms to extract key information such as lease terms, obligations, and important dates.

5. Review Insights: Review the insights provided by LeaseLens, including an overview of critical lease details, potential risks, and opportunities for optimization.

6. Generate Reports: Utilize the reporting feature to generate detailed reports based on the analyzed lease documents. These reports can help in decision-making and strategy development.

7. Set Reminders: Take advantage of the reminder function to set alerts for crucial dates such as lease renewals, rent escalation periods, or maintenance deadlines.

8. Collaboration and Sharing: Collaborate with team members by sharing access to specific documents or reports within the platform, allowing for seamless communication and coordination.

9. Optimization Suggestions: Explore the optimization suggestions provided by LeaseLens to improve lease management practices and maximize value from your real estate portfolio.

10. Continuous Monitoring: Continuously monitor your lease portfolio on LeaseLens to stay informed about any changes, updates, or new insights that may impact your operations.

By following these steps, you can effectively use LeaseLens to enhance your lease management processes, gain valuable insights, and make informed decisions regarding your real estate assets.