Solutions / Lease Abstraction

Lease abstraction, built for scale.

Specdra turns commercial leases into structured, citation-backed data — fast enough to scale across a portfolio, accurate enough to support the decisions that depend on it.

See what's extracted
165+Structured fields per lease
Hours → MinPer-lease abstraction time
Citation-gradeEvery value linked to source

Lease abstract

Anchor Tenant · 1515 Main · 84 pages

Verified

Base rent

$38.00 PSF / year

p. 796%

“Tenant shall pay annual Base Rent equal to thirty-eight dollars ($38.00) per rentable square foot…”

Renewal options

Two 5-year options

p. 3194%

Assignment consent

Landlord approval required

p. 4691%

TI allowance

$45.00 PSF

p. 1897%

AI Lease Chat

What happens if the tenant defaults in year 3?

Landlord may recover possession after a 15-day cure period (§ 17.2). Damages equal the difference between rent owed and re-letting income.

Source · p. 46 · § 17.2

Built to be used

Lease Abstraction Should Do More Than Summarize.

Most tools focus on extracting data — but not on making it usable. Specdra is designed to deliver lease data that is:

  • Structured and consistent across every lease
  • Ready for analysis, reporting, and export
  • Reliable enough to sign off on, defensible enough to audit

Because lease abstraction is only valuable if the data can be verified, applied, and defended.

What breaks today

Lease Abstraction Errors Don't Stay Small.

Status quo abstraction — manual review or generic AI summaries — fails the moment it has to scale, integrate, or be defended.

Manual is slow and expensive

4–8 hours per lease at $150–300 per hour. A 50-lease portfolio takes weeks. Senior analyst time you can't afford to spend on data entry.

Errors compound across the portfolio

Small abstraction mistakes ripple through reporting, underwriting, and asset management — quarter after quarter, deal after deal.

Generic AI hallucinates

ChatGPT-style summaries invent clauses, skip citations, and can't extract structured fields. Not signable, not defensible.

Amendments aren't reconciled

Most tools read documents in isolation. The truth about a tenant lives across the base lease, three amendments, and a side letter — together.

What you actually get

Lease Abstraction That Earns Its Place.

Most tools extract data. Specdra delivers what teams need to actually move on it — at portfolio scale, in real decisions, by every team that touches a lease.

Hours of senior time, back

Compress 4–8 hours of manual abstraction into minutes per lease. On a typical 50-lease portfolio that's 200+ analyst hours reclaimed — time spent on judgment, not data entry.

Verify every value, instantly

Every extracted field links straight to its page and verbatim source quote. Reviewers verify in seconds — no flipping between PDFs, no second-guessing the abstract.

Defensible, sign-off ready

Citation-backed output with confidence ratings — defensible enough for IC memos, lender packages, and audit review. The receipts are already attached.

Why Specdra

Built Different. Built To Be Defended.

Four things that separate Specdra from manual abstraction and generic AI summaries.

  • Citation-grade output

    Every value links to a page, a verbatim source quote, and a confidence rating — auditable end-to-end.

  • Multi-pass extraction

    Layered AI passes with cross-validation — not a single-shot LLM summary that hopes for the best.

  • Amendment reconciliation

    Base leases and amendments collapse into a single source of truth per tenant — the current state, not the original.

  • Risk-integrated

    Risk findings ride alongside the abstract — not a separate product, not a paid add-on, not an afterthought.

The math

Lease abstraction errors don't stay small. They compound — across reporting, underwriting, and portfolio decisions, quarter after quarter.

~5 minPer-lease abstraction with Specdra
100%Of the portfolio, not the top 10%
Days, not weeksFor full-portfolio diligence

What changes

Faster, Broader, Defensible.

What teams running Specdra see, versus the status quo of manual review and generic AI tools.

80–90%Reduction in abstraction time
100%Of the portfolio reviewed, not the top 10%
165+Structured fields per lease
0Hallucinated citations

Upload A Lease.

Drop in a document and see what Specdra abstraction looks like — every term extracted, every value cited, every amendment reconciled.

Browse extracted fields

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