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KriyaGo

Managed Services

Lease Abstraction Services

AI extracts the data. Experts verify every field.
Accurate lease data in your ERP faster than you thought possible.

80%

AI Automated

100%

Human Verified

70%

Faster Turnaround

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The Reality of AI Lease Abstraction

AI promises to read leases and extract terms automatically. The reality? AI gets you 80% of the way there. The last 20% still requires human expertise. Here's what happens when you skip the human review.

❌ AI-Only Abstraction Risks

The 80/20 Problem

XML/PDF captured via email or upload

Hallucination Risk

Real-time verification against SAT database

Complex Clause Failures

Vendor tax ID status verified active

Legacy Document Issues

Poor scans, handwritten amendments, and non-standard formats break automated extraction

Model Drift

AI accuracy degrades over time as document formats change

✓  Our Human-in-the-Loop Approach

AI Does the Heavy Lifting

OCR, NLP, and ML extract data from documents at scale

Confidence Thresholds

Low-confidence extractions are automatically flagged for human review

Expert Verification

100% of financial terms and critical dates are human-verified

Complex Clause Interpretation

Lease specialists handle ambiguous and conditional provisions

Quality Assurance

Nothing enters your ERP without human validation

How We Combine AI Speed with Human Accuracy

We combine intelligent automation with experienced property accountants to deliver accuracy at scale.

🤖 AI Processing   l  ~ 80% of work

OCR Technology

Converts scanned documents, poor-quality images, and handwritten annotations into machine-readable text

NLP Extraction

Natural language processing interprets legal terminology and extracts meaning from varied clause structures

Pattern Recognition

ML models trained on real estate documents identify where specific terms typically appear

Template Mapping

Automatically routes documents to the right abstraction template based on the lease type

Field Population

Extracted data is mapped to your ERP's field structure (Yardi, MRI, RealPage)

Confidence Scoring

Each extracted value receives a confidence score; low scores trigger human review

👤 Expert Review   l  ~ 80% of work

Financial Term Verification

Base rent, escalations, CAM estimates, and all dollar amounts are human-confirmed

Critical Date Validation

Commencement, expiration, renewal deadlines, and option exercise dates are verified

Complex Clause Interpretation

Percentage rent, co-tenancy, exclusivity, and conditional provisions are analyzed by lease specialists

Exception Resolution

Low-confidence extractions and flagged items are investigated and corrected

Compliance Validation

FASB ASC 842 and IFRS 16 relevant fields are confirmed for accounting accuracy

Final QA

Complete abstract is reviewed against source document before ERP upload

The Result: Speed + Accuracy

You get the processing speed of AI with the accuracy of expert human review. Leases that took 4-8 hours now take under 1 hour with fewer errors.

99% +

Accuracy

< 1hr

Per Lease

What We Extract

💰

Financial Terms

  • Base rent & escalations
  • CAM/NNN estimates
  • Percentage rent
  • Security deposits
  • Tenant allowances
  • Free rent periods

📅

Critical Dates

  • Commencement date
  • Expiration date
  • Renewal option dates
  • Termination option dates
  • Rent increase dates
  • Notice deadlines


📋

Lease Provisions

  • Renewal options
  • Termination rights
  • Expansion/contraction
  • Assignment & sublease
  • Exclusivity clauses
  • Co-tenancy provisions


🏢

Property & Parties

  • Tenant/landlord info
  • Premises description
  • Square footage
  • Permitted use
  • Guarantor details
  • Contact information


How It Works

📤
​Upload

Send us your leases PDF, scanned, or digital. We handle all formats including legacy documents.

⚡
​AI Extract

OCR and NLP technology extracts data points and maps them to your template.

👤
​Expert Review

Lease specialists verify extractions, resolve exceptions, and validate accuracy.

✅
​QA Check

Final quality assurance compares abstract against source document.

🔄
​ERP Sync

Validated data flows directly into Yardi, MRI, or your property management system.

Built for Compliance

📊
​FASB ASC 842

All fields required for lease liability calculations

🌍
​IFRS 16

International lease accounting standard support

📋
​GASB 87

Government lease accounting requirements

🔒
​SOC 2

Enterprise security and data protection

All Lease Types Supported

Custom templates for each lease type, configured to match your ERP's field requirements

🏢
Office Leases

🛒
Retail Leases

🏭
​Industrial Leases

🌍
​Ground Leases

📄
​Subleases

✏️
​Amendments

Direct ERP Integration

Abstracted data flows directly into your property management system no manual re-entry

Yardi        l        Voyager        l        MRI

AppFolio        l        CoStar        l        LeaseQuery

Why KriyaGo for Lease Abstraction

🔗

Integration-First Approach

We don't just abstract we integrate. Data flows directly into your ERP without manual re-entry or file transfers.

⚖️

Balanced AI + Human

AI handles volume and catches patterns. Humans handle judgment and ensure accuracy. You get the best of both.

🏢

Real Estate Expertise

25+ years abstracting commercial leases across office, retail, industrial, and specialty property types.

📋

Compliance Built-In

ASC 842, IFRS 16, and GASB 87 requirements are embedded in our templates and validation rules.

📦

Bulk Project Ready

Acquisitions, portfolio migrations, and compliance projects with hundreds of leases we scale with you.

🎯

Custom Templates

Templates configured for your ERP's field structure and your organization's specific data requirements.

Ready to Streamline Lease Abstraction?

See how AI-powered extraction with expert verification can get accurate lease data into your systems faster.

Request a Demo ➤
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All Managed Services

LEASE ABSTRACTION

Lease Abstraction Is A Perfect Outsourcing Option

Lease abstraction transforms complex commercial real estate agreements into clear, actionable summaries by extracting critical terms, dates, and obligations from lengthy legal documents. This specialized service requires expertise in interpreting intricate lease language, identifying key provisions, and organizing essential data points that property managers need for daily operations. As real estate portfolios expand with multiple tenants and properties, professional lease abstraction becomes indispensable for tracking rent escalations, renewal deadlines, maintenance responsibilities, and compliance requirements. By outsourcing lease abstraction to skilled professionals, property owners gain instant access to organized lease intelligence without investing time in deciphering dense legal terminology, enabling better portfolio management and strategic decision-making across their entire real estate holdings.

<a href="https://www.vecteezy.com/free-vector/agreement">Agreement Vectors by Vecteezy</a>

Why You Should Outsource Lease Abstraction?

Outsourcing lease abstraction delivers significant advantages for real estate portfolios by combining specialized expertise with cost efficiency. Professional lease abstraction requires trained analysts who understand complex legal terminology, can identify critical lease provisions, and possess meticulous attention to detail when extracting key data from lengthy agreements. Rather than hiring expensive in-house legal professionals or dedicating valuable staff time to deciphering dense lease documents, outsourcing provides access to dedicated lease abstraction specialists who streamline this intricate process. These experts navigate through pages of legal language to capture essential information including rent structures, CAM charges, renewal options, termination clauses, and compliance obligations. By partnering with lease abstraction service providers, property management companies and real estate investors can reduce operational costs, minimize errors, ensure nothing is overlooked, and receive standardized lease summaries that support informed decision-making across their entire portfolio.

Better Turnaround

Even if keeping an in-house team is a possibility, it might still take a while before they can provide the results you need in time. That’s because lease abstraction demands experience and specialization, which takes a while to develop unless your resources are already experienced. 

  

On the other hand, outsourcing means instant access to professionals. Our dedicated expert resources are familiarized with the service, so they can manage high workloads and deliver in short deadlines without sacrificing accuracy.   

Resource Optimization

Outsourcing lets you free time and resources that could be better invested elsewhere. Keeping an in-house team is costly, and we help you cover more ground with a smaller investment to help your business grow. That’s also thanks to letting you access advanced software. You only need to request the service and tell us what you need. 

Compliance

An often overlooked advantage of outsourcing with experts is that you can receive FASB (Financial Accounting Standards Board) reports as required. We review and validate all reports to ensure results. Our service helps you find the support you need to adhere to business requirements regarding your financial reporting. 

Cost-Effectiveness

The main reason why an in-house team is expensive is the amount of skill and dedication lease abstraction demands. The tools and training necessary can be a big setback for many companies. Outsourcing lets you obtain the abstracts you need on-demand without the constant expenses required to keep an in-house team. It’s also time-efficient since you get to skip training, hiring, and onboarding.     

Efficient Management 

Managing a property portfolio is tasking, even without factoring the leasing conditions for every building. Outsourcing frees you from one of the most complex aspects of portfolio management. We extract and consolidate vital data to help you turn that information into profitable decisions. Our reports come with an intuitive format, so you don’t need to worry about spending time to analyze the information.

Why Us?

At KriyaGo, we have the resources you need for streamlining your lease abstraction. We empower your company with the latest software and practices for better efficiency, thus offering a competitive edge that can't be overlooked. Our team contains highly proficient resources with years of experience working with different types of leases and properties. Combing them with state-of-the-art software grants the ideal investment to guarantee you get the results you're expecting. 

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<div>Icons made by <a href="https://www.freepik.com" title="Freepik">Freepik</a> from <a href="https://www.flaticon.com/" title="Flaticon">www.flaticon.com</a></div>
<div>Icons made by <a href="https://www.freepik.com" title="Freepik">Freepik</a> from <a href="https://www.flaticon.com/" title="Flaticon">www.flaticon.com</a></div>

Adaptive Service

Every strategy we design comes from assessing your company’s situation and what you wish to achieve. That means working with a method that’s built to work for you instead of a standard strategy designed for other companies. 

Industry Experts

We’ve worked with lease agreements in different property types and from multiple companies over the years. This knowledge enables us to provide quick results by letting us identify the most important information within your lease faster. 

Modern Software

We employ the latest systems to streamline and automate many of the micro-tasks involved in lease abstraction. It also guarantees the accuracy of our results, letting you leverage advanced software without having to invest in its implementation. 

Book a 1 hour free consultation with an KriyaGo Advisor 

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