How AI-Powered Lease Abstraction Works
Upload the lease document you wish to abstract.
Allow the AI to go to work generating your instant lease abstract.
Navigate your digital lease abstract online or download to Excel.
What's Included in Your Lease Abstract
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Agreement Type & Parties
Transaction Type
Tenant Legal Name
Landlord Legal Name
Landlord Broker
Tenant Broker
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Building & Space
Building Address
Suite Number(s)
Square Footage
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Commercial Terms
Effective Date
Pro-Rata Share
Base Rent Schedule
Percentage Rent
Commencement Date
Rent Commencement Date
Expiration Date
Lease Term
Renewal Option
Early Termination
Rent Abatement
Tenant Improvement
Right to Sublet
Security Deposit Amount
Letter of Credit Amount
Late Fee
Accelerate Due Diligence with Verified Lease Data
Gain a competitive edge with instant access to AI-extracted lease terms, rights, and encumbrances. Prophia Abstract eliminates manual abstraction bottlenecks, delivering structured data that integrates seamlessly into your financial models—so you can close deals faster with total confidence.
Reliable Insights for Smarter Lease Management
Say goodbye to scattered documents and manual tracking. Prophia Abstract centralizes and structures your lease data, making it easy to access key terms, renewal options, and tenant obligations in real time. Improve tenant communications, stay ahead of critical dates, and manage your portfolio with confidence.
Frequently Asked Questions
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Can Prophia extract old, difficult-to-read documents?
Yes! Prophia’s advanced Optical Character Recognition (OCR) technology is designed to handle even the most challenging documents. Whether it’s a freshly printed lease from last month or a 30-year-old contract with smudges, handwritten notes, or faded ink, Prophia extracts valuable data with precision. -
Can you create an abstract from multiple documents or amendments?
Prophia Abstract: Not yet, but it’s on the way! Multi-document abstraction is coming Spring 2025.
Prophia Essentials: Yes! Our advanced technology seamlessly connects leases, amendments, and related documents into one comprehensive abstract, with expert oversight—even as new documents tied to ongoing leasing are added.
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What is the accuracy?
Prophia Essentials: With 99% accuracy, this advanced solution combines industry-leading AI with expert human oversight. Each abstracted term undergoes meticulous verification, ensuring customers have total confidence in their lease data for critical decision-making and reporting.
Prophia Abstract: Our AI-only tool provides quick results without human review, offering users the flexibility to review and edit the data themselves. While its accuracy relies solely on AI, it enables rapid access to lease data, allowing users to tailor and refine outputs as needed. -
How many terms does Prophia abstract?
Prophia abstracts lease data at two distinct levels tailored to meet the needs of modern CRE teams. The free version, Prophia Abstract, quickly pulls around 35 essential lease terms, making it ideal for those who need a fast and efficient way to access the most critical data.
For more robust portfolio management, Prophia Essentials extracts over 215 key lease terms and integrates them into an interactive web-based lease administration platform. This advanced solution goes beyond a static abstract by organizing lease data into a searchable, exportable format, paired with tools like visual dashboards, reporting capabilities, and portfolio-wide insights—all powered by state-of-the-art AI. Whether you're looking for quick overviews or comprehensive lease intelligence, Prophia has you covered. -
Can't I achieve the same result with ChatGPT?
It would be hard, if not impossible. GPTs will not have many of the things Prophia Abstract supports, including hyperlinks to the source, multiple rounds of review to ensure the data is accurate and not hallucinated, specialized steps for validating, normalizing, and annotating important tags, formatting to excel - to name a few.
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What document types does Prophia support?
Prophia currently supports PDF documents for abstraction. Prophia's powerful AI can transform even the most challenging lease documents into structured, actionable data with minimal human intervention. Though we do store other files types, we will not abstract them if they are not in PDF format. -
Which property types does Prophia support?
Prophia is optimized for the needs of commercial real estate professionals requiring abstraction of agreements related to retail, office, and industrial properties. We do not support residential or multifamily leases at this time. -
How long does it take to abstract a lease?
For Prophia Abstract, the lease abstraction is delivered quickly—typically within 5-10 minutes after document upload. Our advanced AI works swiftly to generate a comprehensive abstract, allowing you to begin leveraging key insights almost immediately.
With Prophia Essentials, data is available within minutes via AI/ML processing after the lease document is uploaded. However, to ensure the highest level of accuracy and reliability, a quality review process is completed within one to three business days, combining AI precision with expert oversight. -
What security measures are in place to protect our data?
Prophia is certified for SOC 2 security criteria and we do not share user information with any third party. Additionally, Prophia is hosted at AWS which is an industry-leading logical and physical security platform and we are always committed to adhering to the latest security standards.
Prophia Security Standards -
Is there an abstraction option with human review?
Yes! Check out Prophia Essentials to learn more about our supported enterprise solution.
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What languages does Prophia Abstract support?
Prophia is optimized for American English. Uploads in other dialects or formats, or with different currency and date formatting, may impact accuracy.
