A commercial lease answers most of the questions that matter about an asset's income — and buries each answer somewhere in ninety pages plus amendments. Lease abstraction is how teams pull those answers out, and done by hand it's slow enough that most portfolios outsource it, batch it once a year, or quietly skip it. Playgrounds builds you a working abstraction app instead. Upload the lease files and it reads them into structured fields — commencement and expiration, base rent and steps, renewal and termination options, escalations, TI obligations, co-tenancy and exclusive-use clauses — in a database your whole team can filter, sort, and query in plain English.
How It Works
Tell Playgrounds which fields your team actually uses — the standard dates and dollars, plus the clauses that matter in your portfolio, whether that's exclusives and co-tenancy in retail or expansion rights in office. The app is built around your abstract format, not a generic one.
Drop in the lease files — originals, amendments, assignments. Playgrounds reads each document into the fields you defined, keeps a citation back to the page every answer came from, and flags anything it couldn't find for human review.
Ask questions the way you'd ask a paralegal — which leases expire in the next 24 months with below-market renewal options? Filter by tenant, clause, or date. Set alerts so notice windows stop passing quietly.
What You Can Build
- A critical-dates calendar — every expiration, renewal window, and notice deadline across the portfolio, with alerts ahead of the dates that cost money when missed.
- A rent step schedule — every contracted increase by tenant and month, feeding the same numbers your rent roll dashboard reports against.
- A clause library — co-tenancy, exclusives, rights of first refusal, and assignment terms, searchable across every tenant instead of remembered by whoever negotiated them.
- A due-diligence abstractor — read a seller's full lease file during the contract period and reconcile it against the offering rent roll before the deposit goes hard.
- A portfolio lease view — abstract data rolled into your portfolio dashboard, so expirations and options sit next to NOI and occupancy.
Why Generic AI Falls Short Here
Generic AI can summarize a lease. It can't manage two hundred of them. Paste a lease into ChatGPT or Claude and you get a reasonable summary of one document — then the chat ends and nothing remains. No database, no structured fields, no way to ask which retail tenants hold co-tenancy rights or whose renewal windows open this quarter. Playgrounds starts from a CRE framework that already knows what an abstract needs, and what you build is a shared app: every lease in one structure, every answer cited back to its page, every teammate reading from the same source.
Frequently Asked Questions
What fields does a lease abstract include?
Whatever your team tracks — most abstracts cover the parties, premises, commencement and expiration, base rent and steps, escalations, renewal and termination options, security deposit, TI obligations, and the clauses that carry risk, like co-tenancy and exclusives. You define the format once, and new leases are read into it.
Does it handle amendments and renewals?
Yes. Upload the amendment alongside the original and the abstract reflects the current state of the lease — updated rent, revised dates, exercised options — while keeping the document history, so you can see what changed and when.
How do we verify what the AI extracted?
Extracted fields link back to the page and language they came from, so review means checking a citation instead of re-reading the lease. Fields the app could not find are flagged for a person rather than guessed at. Most teams spot-check the first batch, then review only the flags.
Is our lease data used to train AI?
No. AI features run under enterprise terms that prohibit training on your inputs. Every record is tenant-scoped, encrypted in transit and at rest, and stays yours.
Free to start, no credit card. Upload a lease and see the first abstract in minutes.
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