Crevanta's AI-powered lease abstraction platform transforms complex commercial lease documents into structured, actionable data.
Upload a lease—base document, amendments, riders, and all—and receive a comprehensive abstract in which every term is cited to the document, page and clause it came from.
Built specifically for commercial real estate, Crevanta understands the nuances that generic document processing tools miss: layered amendment structures, property-type-specific clause variations, cross-referenced exhibits, and the dozens of financial and legal provisions that drive portfolio value.
Upload commercial leases in any format—native PDFs, scanned documents, Word files, or even photographs of handwritten amendments. A faxed 1998 lease with a handwritten rider is read as reliably as a native PDF, so the state of the copy stops deciding which leases get abstracted.
Crevanta extracts both the structured facts of a lease — dates, dollar amounts, square footage, party names — and the provisions that only make sense in context, such as escalation formulas, co-tenancy conditions and assignment restrictions. Every extracted field carries the passage it was read from, so a figure can be checked against the document rather than taken on trust.
The system extracts the standard data points of a commercial lease, including:
Financial terms: Base rent, rent escalations, percentage rent, expense stops, CAM provisions, TI allowances, free rent periods, and security deposits.
Critical dates: Commencement, expiration, renewal option deadlines, termination notice dates, rent escalation effective dates, and TI allowance disbursement deadlines.
Tenant rights and obligations: Renewal options, expansion options, ROFR/ROFO provisions, co-tenancy requirements, exclusive use restrictions, assignment/subletting rights, and holdover terms.
Property details: Premises description, square footage (rentable and usable), proportionate share, parking allocations, and signage rights.
Compliance provisions: Insurance requirements, indemnification, default and cure provisions, and environmental obligations.
This is where Crevanta's output differs from that of a generic abstraction tool. Commercial leases frequently carry 3–10 amendments that modify, supersede, or extend the base lease terms, and an abstract of the base lease alone describes a deal that no longer exists.
What you get is one abstract of the terms that are actually in force today — replaced provisions superseded, added provisions included, dates, rates and square footage carried forward through every amendment that touched them, including the ones that only make sense by reference to an earlier amendment. Where a term changed, the abstract shows the current value and the document it came from.
Every extracted data point is linked to its source location in the original document, creating a full audit trail. Analysts can click any abstracted term to see the exact language from the lease or amendment that it was derived from. This source-linking is essential for quality assurance and for supporting due diligence conversations with transaction counterparties.
Items flagged for review—unusual provisions, low-confidence extractions, or potential conflicts between base lease and amendment terms—are highlighted for human attention, focusing analyst time where it adds the most value.
Abstracted data exports to Excel, Word, and structured formats compatible with major property management systems. For firms processing acquisitions, the output integrates directly into underwriting models and data room documentation.
Crevanta is the only platform that natively combines lease abstraction with financial statement spreading. Upload a lease portfolio and the associated operating statements, and Crevanta processes both—linking rent roll data to lease terms, reconciling financial performance against lease obligations, and identifying discrepancies that affect underwriting.
This combination eliminates the gap between "what does the lease say?" and "what does the property actually earn?"—the core question of every CRE investment decision.
Unlike generic document AI tools adapted for real estate, Crevanta was built for commercial real estate. The vocabulary it reads is CRE's, the output fields match CRE industry standards, and the workflows reflect how asset managers, acquisition teams, and lease administrators actually work.
Crevanta is built to handle both the parts of a lease that are structured and the parts that are written differently in every document. The provisions that drive portfolio risk are usually the second kind, which is where extraction most often goes wrong.
Abstract an entire lease portfolio, with every term cited to its clause. Identify co-tenancy exposure, below-market renewal options, escalation gaps, and other underwriting-relevant provisions at portfolio scale.
When adding new properties to your management portfolio, bulk-abstract all existing leases to populate your property management and lease administration systems with accurate, structured data from day one.
Maintain an up-to-date, abstracted record of every lease in your portfolio with automated critical date tracking, escalation monitoring, and option deadline alerts.
Generate the structured lease data required for ASC 842 / IFRS 16 financial reporting, lender covenant compliance, and investor reporting without manual compilation.
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