---
title: "Free AI Lease Abstraction Tool — Instant Results"
url: "/free-lease-abstraction/"
description: "Upload your lease and get an instant AI-generated abstract — free, no signup required. Extract key dates, financials, and obligations in seconds"
updated: 2026-05-27T23:00:45.595755+00:00
---

# Free {AI Lease Abstraction} Tool

Upload your lease agreements and experience how Kolena extracts and summarizes key terms — securely, accurately, and at no cost.

## Frequently Asked Questions

### Can AI create a lease abstract?

Yes, AI can create lease abstracts. However, it's worth noting that general AI tools such as ChatGPT, Claude, Gemini and Perplexity, are not ideal for this. They are difficult to set up, don't scale well (if you want to process many leases), and suffer from inaccuracies, inconsistencies (produce different results each time), and hallucinations. Specialized tools, such as Kolena, have AI agents that were purpose-built for lease abstraction, and were created to be highly customizable, accurate, consistent and transparent (providing reasoning and citations).

### What data does the tool extract from a lease?

This tool provides all of the data expected in a lease abstract, including full property information, lease terms and dates, rent schedule, and key provisions, such as right of first refusal, extension terms, and more. Give it a try and see for yourself.

### Is this tool free to use?

Yes. This tool is completely free! BUT it only gives you a taste of what the full Kolena platform can do. In the full platform, you can customize the info to your exact specifications (add, remove or edit prompts), create output templates that fit your organization, receive reasoning and pinpointed citations for where the tool found the information, and much more.

### What file formats are supported?

Pretty much any file format, including MS Word, Excel, PDFs, scanned documents (even of handwritten docs!), plain text, and more.

### How accurate is AI lease abstraction?

Using a generic AI tool, such as ChatGPT, Gemini, Claude, or Perplexity might not be that accurate. Some of have reported only 70%-80% accuracy rates. Purpose-built tools such as Kolena are extremely accurate and achieve near-perfect results.

## Trusted by Industry Leaders

Real estate firms, insurers, banks, and financial institutions cut turnaround times by 95%+ with Kolena's AI-powered document automation.

- Adam Yax
- Kevin Kim
- Kristin Walker
- Matthew Mayer
- Agnes Tsui