The Lease Agreement (US) skill extracts data from US lease agreements. A lease agreement is a legal document that sets out the rental terms for either a commercial or residential property between the property owner, also known as a landlord, and the renter, also known as a tenant.
The Lease Agreement (US) skill is a preview skill. It has been trained on a limited set of documents and is designed to help you quickly get started with processing US lease agreements.
The Lease Agreement (US) skill cannot be trained on additional documents.
This skill recognizes handwritten text. The option is enabled by default. If you do not import handwritten forms, disable the Handwritten option in the skill settings.
Countries and Languages
| Countries | Languages |
|---|
| USA | English |
| Field | Description |
|---|
| Preamble Segment | Preamble. |
| Landlord Legal Name | Name of the landlord organization. |
| Tenant Legal Name | Name of the tenant organization. |
| Agreement Date | Agreement date. |
| Premises Segment | Property description. |
| Premises Address (repeating field) | Property address. |
| Initial Term Segment | Lease term. |
| Initial Term | Lease duration. |
| Renewal Option Segment | Option to extend the lease. |
| Renewal Term | Duration of the additional rental period when extending the lease. |
| Use (repeating field) | Specifies any use restrictions. |
| Holdover | Description of the conditions for cases when a tenant continues to occupy and use the premises after the term of the lease ends. |
| Governing Law Segment | Governing law. |
| Governing Law | Specifies the state whose law governs the agreement and where the property is located. |