Lease Abstraction with AI: Turn Complex Leases Into Instant Insight

Commercial Real Estate leases are getting more complex by the day. As tenants demand custom terms, legal teams push to minimize risk, and financial agreements become more nuanced, the average lease document has evolved into a legal and operational minefield.

For growing real estate businesses juggling dozens, hundreds, or even thousands of leases, managing rising costs and this complexity manually is simply not sustainable.

 

Lease Data Isn’t Just Legal — It’s Operational

The data buried in your leases isn’t just legal fine print. It directly impacts how you:

  • Manage risk and understand financial obligations
  • Respond to tenant and investor questions
  • Book vendors and schedule maintenance
  • Project cash flow and future risk

Your lease likely contains dozens of crucial data points, including: Rent escalation clauses, Termination options, Maintenance responsibilities, Subletting rights, Common Area Maintenance (CAM) charges. Missing or misinterpreting even one of these can have serious financial and operational consequences.

Trying to manage all of this through manual abstraction, whether done in-house or outsourced, creates bottlenecks, introduces errors, and slows growth.

 

Traditional Automation Falls Short

Early automation efforts in lease abstraction used rigid, rule-based data science methods:

  • They required hard-coded templates
  • They couldn’t adapt to diverse lease formats
  • They were time-intensive and expensive to maintain

These systems delivered some benefits, but they were one-dimensional and far from scalable.

 

AI Lease Abstraction Is a Game-Changer

With Large Language Models (LLMs), lease abstraction becomes flexible, fast, and far more cost-effective.

Eranova’s AI-powered Lease Abstraction module:

  • Takes in your business-specific schema
  • Swiftly reviews leases (each lease takes less than 2 minutes!)
  • Outputs data in a clean, structured format — ready to use
  • Connects with lease management systems such as VTS, Yardi, and MRI

Whether you need to extract five fields or five hundred, the schema is fully customizable and easily updated as your business evolves.

The AI Advantage

Here’s what sets AI Lease Abstraction apart:

  • Lower Cost: Reduce reliance on manual reviewers or expensive third-party vendors
  • Speed: Process hundreds of leases in hours, not weeks
  • Scalability: Handle large volumes without additional headcount
  • Accuracy: LLMs are trained to recognize patterns across diverse lease formats
  • Flexibility: Easily update schema fields or add new ones as needs shift

 

Built for Real Estate Growth

As your portfolio grows, the complexity and risk exposure of your leases increase in lockstep. AI lease abstraction ensures you stay ahead with clean, accessible, and structured lease data at your fingertips.

 

Ready to See It in Action?

Eranova’s AI Lease Abstraction helps forward-thinking real estate firms:

  • Scale operations without scaling costs
  • Save time
  • Minimize risk
  • Respond faster to stakeholders
  • Drag and drop your lease files and receive your data in minutes
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