Kira for Lease Abstraction

Kira provides both lenders and purchasers quick access to lease terms for a single building or an entire portfolio, and provides lawyers, surveyors and analysts with a tool to complete real estate due diligence more efficiently.

Kira’s state-of-the-art machine learning technology automatically identifies and extracts information from contracts and comes with over 50 lease provision models. If the engagement requires the review of additional or unusual lease information, Kira Quick Study can be used to identify virtually any desired clause. Easily provide clients with up-to-date information on the status of the project, tailor and export summaries of the review in any format, or feed information directly into a property management system.

Integrated Lease Review

Whether reviewing leases for due diligence, asset management or forecasting, managing detailed reviews of leases in short timelines is a challenge. It is further compounded by the need to corroborate information with existing property management systems.

Kira Systems’ innovative solution for lease abstraction makes this easy, allowing users to complete lease reviews in half the time while increasing the accuracy of their review. If working on an M&A transaction, real estate professionals can coordinate with their corporate counterparts to quickly elevate any issues that are identified and provide status updates to clients whenever they are requested. Clients with large portfolios and high volumes of leases can be offered a comprehensive end-to-end solution that is both fast and cost-sensitive.

Ready to use out-of-the-box

Kira is ready to use out-of-the-box and can be highly customized. The software comes pre-trained with over 50 real estate lease provision models, including:

'ADDITIONAL RENT' DEFINITION
MECHANIC'S LIEN
BASE RENT
LEASE TRANSFER FEES
TERM AND RENEWAL
TERMINATION DAMAGES
CASUALTY
USE OF PREMISES
LANDLORD CONSENT FOR LEASE TRANSFER
PERMITTED ALTERATIONS / ADDITIONS

Customers have also used Kira to successfully train their own lease provision models to find information specific to a particular jurisdiction and form of lease.

How does it work?

Kira processes contracts in dozens of formats and automatically converts them to machine readable text. It includes workflow tools for your team to validate the results prior to them being exported into due diligence reports in Excel, Word or PDF. Data can be transferred directly into a client's property management system.

Kira is the leader in machine learning contract data extraction

Kira has been used on thousands of concurrent projects, helping hundreds of organizations gain greater visibility into their contracts. Our users include many of the world’s leading professional service firms and companies, in over 40 countries. We are among the most used and trusted AI solutions for professionals anywhere. There’s a reason why.