Make systematic lease audits practical with Lextract. Extract structured data from lease documents, compare against system records, and identify billing discrepancies in hours instead of months.
Systematic lease audits are essential for maintaining portfolio accuracy, ensuring billing compliance, and catching costly errors — but they are rarely performed because of the time required. Auditing a single lease against property management system data requires re-reading the entire document to verify that every field in the system matches the actual lease language. Across a portfolio, this process can take months, during which billing errors, missed escalations, and incorrect expense pass-throughs continue unchecked.
Lextract makes lease audits practical by extracting structured data from the actual lease documents in minutes. The extracted fields can be directly compared against what is currently stored in the property management system to identify discrepancies. This turns a months-long manual audit into a days-long data comparison exercise. Red flag detection adds another layer by identifying provisions that may be misconfigured in billing systems, such as missing caps, incorrect reconciliation schedules, or absent exclusion lists. After extraction, tenants can run a forensic CAM audit at <a href="https://www.camaudit.io" target="_blank" rel="noopener noreferrer">CAMAudit.io</a>.
Manual Process
6-10 hours per lease
With Lextract
5–15 minutes per lease
Time Saved
94–97% time reduction
Upload Lease Documents
Upload the original lease and all amendments for each tenant being audited.
Extract Current Terms
Lextract processes each document and extracts the 126-field structured abstract representing the current state of each lease.
Export System Data
Export the corresponding lease data from your property management system for comparison.
Compare and Identify Discrepancies
Compare Lextract output against system data field by field to identify where property management records do not match actual lease terms.
Remediate Errors
Correct discrepancies in the property management system and adjust billing as needed for any identified over- or under-charges.
Lease abstraction extracts data from the lease document. A lease audit compares that extracted data against what is currently stored in your property management system to identify discrepancies. Lextract handles the extraction step, making the comparison step fast and straightforward.
Industry best practice is to audit every lease at least once every 2-3 years, and immediately after any system migration or major amendment. At $15 per lease, Lextract makes annual audits economically feasible for portfolios of any size.
The most common errors are incorrect escalation rates, wrong base years for expense pass-throughs, missing or incorrectly applied CAM caps, outdated pro rata shares after building modifications, and missed amendments that changed key economic terms.
A commercial lease audit verifies that landlord charges and lease administration match what the lease actually requires. Learn when to audit, what to check, and what errors cost tenants the most.
A commercial lease is a legally binding contract between a landlord and a business tenant. Learn the key terms, lease types, and critical clauses before you sign.
AI lease abstraction extracts 100+ structured fields from commercial lease PDFs in minutes. Learn how the technology works, what accuracy to expect, and how cost compares to manual services.
Upload your lease PDF and get 126 structured fields extracted in minutes. Perfect for lease audit. Just $15 per lease.
Upload Your Lease