The Lease Reviewer helps expedite the lease review process and standardize the way you report in your house-style. The Lease Reviewer integrates with contract analysis tools to identify the key terms of a lease and guides real estate lawyers and professionals through an interactive version of their lease report template all in one interface. The tool can be easily adapted and customized to different lease types including, office, retail, leisure, warehouse and residential leases.
The tool can also determine – based on a sophisticated customizable risk scoring model – how risky certain leases are.
Reviewing leases can be a time consuming, voluminous and a relatively low margin exercise. By integrating with machine learning contract analysis technology, the Lease Reviewer provides a single interface which acts as both a review platform and house-style reporting tool. The user simply reviews the key terms of the lease extracted (e.g. landlord, tenant, principal rent, repair and alterations) and answers a series of questions which reflects their house-style lease report.
How it works
Integrating with a contract analysis tool, such as Kira, RAVN or Luminance, the Lease Reviewer highlights each of the relevant terms in the lease in an interactive interface.
Through a customizable, user-friendly and interactive questionnaire (reflecting your lease report template), the user is able to review the terms extracted and report in a more streamlined and standardized fashion.
Additionally, the tool can be extended to include sophisticated scoring to enable you to provide your clients with an overall risk rating for each lease reviewed based on how you answered the questionnaire. This process can also be customized to align with your workflow. For instance, once completed, you can automatically generate a house-style version of your lease report as well as automate the escalation of key issues to colleagues or emails attaching the report to clients.
A dashboard allows those administering the matters or workflow to see at a glance the number of internal lease reviews completed to date and the time taken to do so to get a more in-depth view on your overall recovery rates and margins for this work stream.