LeaseMind is the first system that reads a lease once, turns every provision into an enforceable rule, and automatically catches billing violations when CAM statements arrive — with evidence traced to the exact page in the lease.
Annual CAM billing errors (US)
Overcharge rate on pass-throughs
Tenants never audit
Dispute window (then it's binding)
Acme Retail — Suite 204
Confidence 94%Pro-Rata Share
4.72%
CAM Cap
5% non-cumulative
Base Year
2023
Excluded Categories
Capital improvements
CAM (Common Area Maintenance) charges are the shared costs of running a commercial building — janitorial, security, insurance, property taxes, management fees. Tenants pay their proportionate share. Landlords calculate and bill it. And they get it wrong 3-5% of the time.
A franchise with 100 locations at $20K/year CAM each. At 5% error rate, $100K in immediate savings from one audit. At 10x EBITDA, that’s $1M in enterprise value.
Nakisa’s actual enterprise client data: a company with 3,500 leases averaging $95K/year saves $10.3M annually by automating CAM reconciliation.
Tenants who DO audit recover 15-20% of billed charges. Most don’t because CPA audits cost $3,000-$15,000 per property and take weeks.
Every year, $15 billion in CAM billing errors go undetected. Not because the errors are hidden — but because checking is too expensive and too slow. A traditional CPA audit costs $3,000-$15,000 per property, takes weeks, and most leases give only 30-90 days to dispute. By the time you find the error, the window has closed.
Once
Upload Lease PDF
37-200 pages
Fire & Forget
AI Extracts Provisions
17 categories, 33 fields
Automatic
Provisions → Rules
Conditions + exceptions
Annually
CAM Statement In
Charges + amounts
Instant
Violations Flagged
With evidence trail
Each lease produces 17 structured provision objects — not just values, but the complete legal language with conditions, exceptions, and cross-references between sections.
Named provision categories — basic terms, rent, deposit, use, utilities, maintenance, alterations, insurance, casualty, assignment, default, surrender, notices, tax adjustment, OpEx adjustment, OpEx disputes, hazmat.
Provisions reference each other — “Section 19.3 subject to cap in Section 1.1L.” We capture these dependencies so the enforcement engine follows the same chains a CPA would.
Excluded category, CAM cap, management fee, pro-rata share, base year, gross-up. Deterministic (no LLM needed). $0 per check. Instant.
80% of violations caught deterministically ($0). Only ambiguous charges need an LLM call (~$0.05 each, 3 seconds).
$3,000-$15,000
Takes weeks. Most tenants can’t afford it, so they don’t audit. The errors compound year after year.
One extraction (~$3) + annual CAM check (~$0.15). Runs in minutes, not weeks. Every tenant can afford this.
$3K annual overcharge × 20 locations × 4-year lookback. Sitting unnoticed in operating expenses.
$1-2M
At typical cap rates, every dollar of unrecovered expense reduces asset value by 10-20x.
A CPA charges $3,000 to find what LeaseMind finds for $5. And LeaseMind does it every year, automatically, while the CPA gets hired once (if ever). The dispute window is 30-90 days. If you don't catch it in time, the landlord's calculation becomes binding. LeaseMind catches it the day the CAM statement arrives.
Not a prototype. Workflow orchestration, file extraction engine, and policy evaluation built for enterprise reliability — the same class of infrastructure that processes regulated financial documents at scale.
One LLM call per lease. 17 provisions with full legal text, conditions, exceptions, cross-references. 33 flat fields. 86% cross-reference recall. The PDF is never re-read. Everything for enforcement is captured in one pass.
Rules derived from BOMA standards (gross-up calculations, expense classification), ASC 842/GAAP (lease accounting), and standard lease audit practices. Not ad-hoc — these are the same checks CPAs run, automated.
Yardi Virtuoso Connectors (launched 2025) use MCP to connect Yardi data with AI. LeaseMind sits as the intelligence layer between Yardi’s property data and lease enforcement — the exact pattern the market is moving toward.
CAM (Common Area Maintenance) reconciliation is the annual process of comparing actual building operating costs against the estimated charges tenants paid throughout the year. Landlords calculate each tenant’s proportionate share and issue a statement showing whether the tenant owes additional charges or is entitled to a credit.
$15 billion in annual CAM errors. 90% of tenants never audit. 30-day dispute windows that close before anyone looks. LeaseMind catches what CPAs charge $15,000 to find — for $5, in minutes, every year.
Ready to demo. Looking for design partners.
