Lease abstraction costs depend on the method and volume. Here is a complete breakdown:
Pricing by Method
AI Software (Self-Serve)
| Tool | Price per Lease | Notes |
|---|---|---|
| Lextract | $15 (single) / $13 (5-pack) / $12 (10-pack) | 126 fields, confidence scores, red flags included |
| LeaseLens | Free to view / $25 to export | 200+ fields, no confidence scoring |
No subscription. No minimum volume. Credits never expire.
Managed Services
| Service Type | Price per Lease | Turnaround |
|---|---|---|
| Offshore abstraction | $30-$75 | 1-5 business days |
| Domestic paralegal firm | $90-$250 | 24-72 hours |
| Premium CRE firms (Realogic, etc.) | $200-$400 | 24-72 hours |
Managed services often have minimum order quantities (10-20 leases) and require setup agreements for custom templates.
Platform Subscriptions (Abstraction as a Feature)
Enterprise platforms (Accruent, iLeasePro, Trullion, Leasecake) include lease abstraction as part of a broader platform. Pricing is subscription-based and tied to the full platform, not per-lease abstraction:
- iLeasePro: ~$150-$500+/month (varies by lease count and features)
- Leasecake: ~$10-$15/location/month
- Enterprise platforms (MRI, Yardi, Accruent): $15,000-$500,000+/year
These are the wrong price comparison for abstraction-only needs.
Cost by Portfolio Size
| Leases | AI (Lextract) | Offshore Service | Domestic Paralegal |
|---|---|---|---|
| 10 leases | $120 (10-pack) | $300-$750 | $900-$2,500 |
| 50 leases | $850 | $1,500-$3,750 | $4,500-$12,500 |
| 100 leases | $1,700 | $3,000-$7,500 | $9,000-$25,000 |
| 500 leases | $8,500 | $15,000-$37,500 | $45,000-$125,000 |
Hidden Costs in Manual Abstraction
Manual abstraction costs include labor but also:
- Quality review labor: Senior reviewer checks completed abstracts (10-20% additional time)
- Error correction: Inaccurate abstracts require re-abstraction (5-15% of documents)
- Template management: Maintaining a standard abstraction template and training staff
- Turnaround delay cost: Waiting 3-5 days per document delays deal timelines
AI tools eliminate these hidden costs.
When Higher Cost Is Justified
Managed services cost more for legitimate reasons:
- Custom output templates matching your internal systems
- Human judgment on highly complex or non-standard leases
- Zero internal review capacity (the service delivers verified output)
- Professional accountability requirements (legal, audit contexts)
For the majority of commercial lease workflows, AI abstraction at $15 per lease with per-field confidence scores delivers faster results at a fraction of the cost.