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First-Pass Lease Review, Built To Be Defensible.

Specdra produces an AI review that reads like a clean associate draft — every clause cited, every issue listed, every defined term traced back to its source.

See overview
Citation-gradeEvery clause linked to source
Exception listAuto-generated, standardized
Defined termsTraced across the lease family

Clause review

Assignment & Subletting · § 14 · p. 46

3 findings

Tenant shall not assign this Lease … without the prior written consent of Landlord, which consent may be granted or withheld in Landlord's sole and absolute discretion …

Source · p. 46 · § 14.1

High

Below-market consent standard

Landlord consent is left to “sole and absolute discretion.” Market is “consent not to be unreasonably withheld.”

Medium

No permitted-transferee carve-out

Standard market form permits assignments to affiliates and successors without consent. Absent here.

Low

No recapture right specified

Add to exception list — clarify landlord's recapture rights before consent is requested.

Exception list

Clauses reviewed34
Total findings12

Ready for redline · PDF · Excel

Built for the first pass

First-Pass Review You Can Actually Use.

Most AI tools give you a paragraph and a hope. Specdra reviews every operative clause, flags deviations from market standard, and gives your team a defensible starting point — with verbatim citations attached.

  • Every operative clause reviewed against market standard
  • Findings ranked by severity, with negotiation guidance
  • Verbatim source quotes attached to every finding

So senior time goes to judgment — not page-by-page first reads.

What breaks today

First-Pass Review Is Where Margin Disappears.

Clients increasingly won't pay for the hours that first-pass review used to consume — and generic AI summaries don't meet the citation discipline real practice requires.

First-pass eats the budget

Hours billed to clause-by-clause review that, when it's done well, is still mostly pattern recognition.

Exception lists vary by reviewer

Three associates produce three different exception lists. The partner adds a fourth. There's no defensible standard.

Defined terms drift

A term defined in the base lease shifts in an amendment, then again in a side letter — and the review missed two of the three.

Generic AI doesn't do this work

ChatGPT-style summaries hallucinate clauses and skip citations — and they don't extract 150+ structured fields, reconcile amendments across documents, or surface risk findings either. That isn't a real first-pass review, and it isn't signable work product.

How Specdra fits

A Clean Associate Draft, With Receipts.

Specdra returns a clause-by-clause review with verbatim source quotes — built for attorneys who need defensible output, not summaries.

  1. 01

    Upload the lease family

    Base lease, amendments, side letters, exhibits, guaranties, estoppels — Specdra reconciles them as one document set.

  2. 02

    Clause-by-clause review with citations

    Every commentary line is anchored to the verbatim source quote and the page it came from. Nothing summarized away.

  3. 03

    Auto-generated exception list

    Issues grouped by severity and category — assignment, default, indemnity, exhibits, defined-term drift, and more.

  4. 04

    Defined-term tracing across documents

    Where definitions move between base, amendment, and side letter — flagged with the trail across all three.

  5. 05

    Redline-ready

    One click from any clause back to its source page. Reviewers verify in seconds, not minutes.

  6. 06

    Export the review and exception list

    Polished PDF and Excel exports — ready for review, redline, and hand-off to partners, clients, or in-house teams.

Clauses covered

The Clauses Attorneys Actually Look At First.

Specdra's review covers the operative provisions that drive exposure, defensibility, and negotiating posture.

Risk-allocating clauses

  • Assignment, subletting & change-of-control
  • Default, cure & remedies
  • Indemnification & limitation of liability
  • Insurance, waiver of subrogation & co-insurance
  • Force majeure & continuous operation
  • Holdover & remedies on expiration

Transaction protections

  • Estoppel & SNDA requirements
  • Recordation & memorandum of lease
  • Guaranty scope, sunset & burn-down
  • Letter of credit terms & draw rights
  • Right of first offer / refusal
  • Permitted transfers & affiliate carve-outs

Procedural & boilerplate

  • Surrender, restoration & end-of-term
  • Governing law, venue & jury waiver
  • Notice provisions & addressees
  • Confidentiality & non-disclosure
  • Counterparts & electronic signatures
  • Amendment & integration clauses

Exception findings

The Issues That Create Real Exposure.

Specdra surfaces the items that show up on an attorney's exception list — and the ones that quietly create downside if missed.

  • Defined-term drift across documents

    Where a term changes meaning between the base lease, amendment, and side letter — flagged with the full trail.

  • Missing or unsigned guaranties

    Referenced in the lease but not actually attached, or attached unsigned — caught before closing.

  • Cure periods materially short

    Cure windows shorter than statutory floors, or shorter than market — surfaced against your firm's standards.

  • Hidden self-help and set-off waivers

    Tenant remedies waived in defined terms or amendments, scoped narrower than the operative clause suggests.

  • Indemnity broader than insurance

    Where indemnification scope outruns the insurance backstop required of the indemnifying party.

Built for

Counsel Who Need Defensible AI.

  • Real estate transactional counsel

    M&A, real estate, and restructuring teams who can't ship work product without citation discipline.

  • In-house real estate counsel

    REITs, occupiers, and lenders running high-volume review against repeatable standards.

  • Lender's counsel

    Collateral review, SNDA negotiation, and estoppel diligence with traceable source for every position.

  • Litigation & workouts

    Dispute support, restructuring, and receiver mandates that need clause-level evidence in days, not weeks.

Upload A Lease.

Drop in a document and see what a Specdra review looks like — clause-by-clause, every issue cited, every defined term traced across the lease family.

Talk to our team

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