Finding Needle-in-a-Haystack Clauses Across Hundreds of Leases
Every CRE professional has been there: you need to find every lease with a specific clause type — co-tenancy triggers, radius restrictions, exclusive use provisions — across a portfolio of hundreds of leases. With traditional tools, this means opening every lease and reading every page. With AI, it's a single query.
The Search Problem
Commercial leases don't use standardized language. One lease calls it a “co-tenancy provision,” another calls it a “co-occupancy requirement,” and a third buries it in the rent reduction section without a heading. Keyword search fails because the terminology varies. You need AI that understands the concept, not just the words.
Queries That Find What You Need
“Which tenants have termination rights or kick-out clauses? What triggers them?”
“Are there any radius restrictions that would prevent a tenant from opening a nearby location?”
“Which leases have go-dark provisions? What are the consequences?”
“Do any tenants have ROFO or ROFR rights on adjacent spaces?”
Why This Changes Due Diligence
During acquisitions, these hidden clauses are where the real risks live. A co-tenancy trigger that reduces 15 tenants' rent by 50% if the anchor leaves is a material risk — but it might be buried on page 47 of a 90-page lease. AI finds it in seconds and cites the exact section.