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What is lease abstraction?
Commercial real estate contracts are lengthy documents; it’s not uncommon for them to reach 100 pages or more, often with multiple addendums and break clauses. Their sheer complexity means that it’s often not practical for commercial lease manage
A guide to lease audits
For companies handling a large number of leases that are either very complex or have high churn, lease audits are a necessary but resource-intensive process. Whether a company acts as a landlord, a tenant, or both, it can be challenging to stay on
US real estate firm uses AI automation to speed up due diligence
For real estate firms owning and managing large portfolios, the automation of lease management presents a way to drastically accelerate how the company accesses, interacts with, and manages key lease data across its entire portfolio. Automated abstra
Artificial intelligence comes together with accounting expertise to simplify IFRS 16 transition
The new lease accounting standards IFRS 16/ASC 842 came into effect in January 2021 for private companies, requiring everything from a real estate lease to a car lease to a fax machine lease to be holistically evaluated, categorized, and placed on th
Leverton’s AI-powered platform to facilitate global real estate lease abstraction
Proprietary data extraction and analytics technology enables fast processing of data from real estate leases in over 15 languages. BERLIN (June 27, 2019) Leverton, the premier AI-powered technology for data extraction and contract analytics, is prou
Five clauses to look out for in a lease
Writing a multiyear contract can be a great opportunity for a landlord or tenant to shield themselves from risk and open up additional upside potential. If you’re looking to revise the form lease for your property, or redlining a contract for a spa
Real estate data riding to retail’s rescue
Attacked by the disruptive tribes of the internet, retail real estate has been for years metaphorically circling the wagons, trying to determine the feasibility of a continued physical presence. At the same time, brick-and-mortar retail tenants and l
MRI Contract Intelligence AI automates lease review ahead of IFRS 16
How artificial intelligence is set to revolutionise lease management in the telecoms sector. MRI Contract Intelligence AI have developed an artificial intelligence solution which can automate and streamline the extraction of important information fro