What Happened to AMTdirect? Now MRI Software
Aug 16, 2026
AMTdirect was acquired by MRI Software in January 2021, and amtdirect.com now redirects there. What changed, what it means, and how to migrate.
Read more →Automated lease abstraction software that reads any commercial lease, PDF or scan, and abstracts every key term: parties, premises & RSF, base rent, escalations, options, CAM and critical dates. Stop abstracting leases by hand and export to Excel, CSV, JSON or your API.
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Built for property managers, CRE brokers and lease administrators
Any lease type
LeaseAbstractors abstracts every key term from virtually any lease format, typed, scanned or amended, with no template setup.
Base rent, escalations, RSF, TI allowances, options
Percentage rent, co-tenancy, exclusives, kick-outs
NNN terms, CAM recovery, maintenance obligations
Term, rent resets, reversion, leasehold rights
Tenants, units, rent, deposits, lease terms
Changed terms, extensions, expansions, rent updates
Certified terms, defaults, deposits, prepaid rent
Tenant, suite, RSF, rent, expirations, per unit
How it works
No more 2-4 hours of manual review per lease, no $150-$500 outsourced abstracts. Upload and the AI does the reading.
Drop in leases as PDFs or scans, a single 60-page lease or an entire portfolio. Amendments and exhibits included.
Models read every clause, rent, options, CAM, notice periods, cite the source page, and flag anything needing human review.
Download a structured abstract in Excel, CSV or JSON, or push lease data into your property management or accounting system via API.
Built for portfolios
Skip the abstraction backlog. LeaseAbstractors delivers production-ready lease abstracts with the accuracy, controls and integrations property managers, REITs and lenders require.
{
"document_type": "office_lease",
"status": "completed",
"confidence": 0.987,
"fields": {
"tenant": "Acme Holdings LLC",
"premises_rsf": 12450,
"commencement_date": "2026-07-01",
"base_rent_psf": 34.50
},
"rent_schedule": [
{ "period": "Years 1-3",
"annual_rent": 429525.00 }
]
}Security & compliance
Bank-grade security, granular access controls, and the certifications enterprise procurement and security teams expect.
We hold no SOC 2 attestation today and will not imply otherwise.
TLS 1.2+ in transit and AES-256 at rest for every lease and abstract.
EU/US data residency options and full data-subject controls.
Your leases stay yours. We do not use them to train our own models and we do not share them with other customers.
Enterprise identity, provisioning and role-based access control.
Full activity trails, and you decide how long documents stay in the workspace.
By team
From property management and brokerage to lending, due diligence and lease accounting, LeaseAbstractors removes the manual abstraction that slows your portfolio down.
Abstract entire portfolios, track renewal and termination options, and never miss a notice date or rent escalation again.
Learn moreAccelerate due diligence and underwriting. Abstract rent rolls, leases and estoppels for acquisitions and loan files in hours, not weeks.
Learn moreExtract the lease terms, payment schedules and options your ASC 842 / IFRS 16 compliance and audit workflows require.
Learn moreIndustry benchmarks
Commonly reported ranges for commercial lease abstraction in the United States, covering how long a lease takes to abstract by hand, what outsourced providers charge per lease, and where AI extraction accuracy actually lands. Use these as planning benchmarks, not guarantees.
| Metric | Typical range | What drives it |
|---|---|---|
| Time to abstract one commercial lease by hand | 4 to 8 hours | Longer on heavily negotiated retail, ground, and amended leases |
| Time with AI extraction plus human review | Minutes to extract, 15 to 30 minutes to review | Source citations on each field decide how fast review goes |
| Outsourced abstraction cost per lease | $150 to $500 | Full-service runs $250 to $450; technology-enabled review runs lower |
| Outsourced turnaround per lease | 3 to 7 business days | Rush diligence options at 24 to 48 hours for an added fee |
| AI extraction accuracy, standard fields, clean documents | 92 to 98 percent | Falls on degraded scans and unusual clause drafting |
| Fields in a complete commercial lease abstract | 50 to 100 or more | Retail adds percentage rent, co-tenancy, exclusives, and kick-out clauses |
Last updated July 2026. Ranges reflect figures commonly reported across abstraction providers and our own benchmarks. Accuracy and time-saving claims across this software category are self-reported by vendors rather than independently audited, so test any tool on your own hardest lease. Learn more in our guide to commercial lease abstraction.
Customers
"We abstracted a 340-lease office and retail portfolio in under a week, work that used to take our team an entire quarter. Critical dates now land straight in our property management system."
"On an acquisition I had abstracts for 60 leases and the estoppels back the same day. My buyers see the rent roll, options and co-tenancy risks before the competition has even opened the PDFs."
"It catches the renewal options and notice windows buried on page 47 that manual abstractors miss. Our auditors loved the page citations on every ASC 842 data point."
Abstract your first lease in minutes, or talk to our team about onboarding your entire portfolio.
FAQ
Upload a lease as a PDF or scan and the AI reads every clause, identifies the key terms, parties, premises & RSF, commencement and expiration, base rent and escalations, options, security deposit, CAM/OpEx recovery, insurance, assignment and critical dates, and builds a structured lease abstract you can export to Excel, CSV, JSON or pull via API.
Office, retail, industrial, ground and multifamily leases, plus lease amendments, estoppel certificates, SNDAs and rent rolls. You can also build custom abstraction templates to capture fields unique to your portfolio or playbook.
Every extracted term carries a confidence score and a page citation, and a review queue lets your team verify anything uncertain before export. Older scanned leases are read with OCR rather than a per-landlord template.
Yes. The abstract captures the data lease accounting teams need, payment schedules, escalations, renewal and termination options, commencement dates and incentives, in a structured format ready for your ASC 842 / IFRS 16 compliance workflows and auditors.
All leases are encrypted in transit and at rest. SSO/SAML, audit logs and GDPR options are available on enterprise plans. We hold no SOC 2 attestation and do not claim one.
You can abstract your first lease free, no signup required. Paid plans are priced per lease volume and start far below the $150-$500 per lease typical of outsourced abstraction, most teams save 95% of abstraction time and cost. See the pricing page for current plans.
Resources
Aug 16, 2026
AMTdirect was acquired by MRI Software in January 2021, and amtdirect.com now redirects there. What changed, what it means, and how to migrate.
Read more →Aug 16, 2026
Yes. Yardi Smart Lease reads commercial leases with AI inside Voyager and writes data into lease records. What it covers, and what it does not yet.
Read more →Aug 15, 2026
SAP RE-FX values and posts lease contracts but never reads a lease. What SAP's own documentation says, and what has to happen before a contract exists.
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