Today’s commercial property owners and operators face the challenges of balancing occupancy, revenue, and risk to maximize portfolio performance. To accomplish these goals, firms must successfully manage the document that sits at the core of the tenant/landlord relationship: the lease.
The data contained in commercial leases plays a critical role in helping landlords evaluate new opportunities, execute on lease terms and clauses, and uncover how the lease impacts the portfolio at a strategic level. Lease abstraction is commonly used to extract essential information and make it more accessible for decision making, but the traditional process requires manual work and takes time away from more business-critical endeavors.
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