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Article I - Parties & Effective Date
This Lease Agreement ("Agreement") is entered into and made effective as of the 1st day of December, 2024, by and between:
LANDLORD: Landlord Corp, a Delaware corporation
TENANT: Tenant Inc, a Delaware corporation
Article II - Premises
The Landlord hereby agrees to lease to Tenant, and Tenant agrees to lease from Landlord, those certain premises consisting of approximately 12,500 square feet of rentable office space located at 123 Main Street, Suite 400, San Francisco, CA 94102, hereinafter referred to as the "Premises."
Article III - Term
The initial term of this Lease shall be for a period of five (5) years, commencing on January 1, 2025 and expiring on December 31, 2029, unless sooner terminated as provided herein.
Article IV - Base Rent
Tenant shall pay to Landlord base rent in the amount of $3,200.00 per month, payable in advance on the first day of each calendar month...
Article V - Security Deposit
Tenant shall deposit with Landlord the sum of $6,400.00 as security for the faithful performance of all terms, covenants, and conditions of this Lease.
Article VI - Use of Premises
The Premises shall be used and occupied solely for general office purposes and for no other purpose without the prior written consent of Landlord.
Manual review takes 4+ hours. Lex does it instantly.
AI agents monitor every deadline, payment, and obligation across all your leases
Tracks expiration dates and renewal windows automatically
Monitors rent due dates and confirms receipt
Identifies risks and critical obligations
No pandemic/disaster protection. You're liable for rent during building closures.
Undefined who pays for system repairs. Average dispute cost: $15,000
You cannot exit this lease<bos>early or sublet without landlord consent
CEO personally liable for $2.4M lease value
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| Feature | Lex $5,000/year | ChatGPT $240/year | Manual Review $120k/year | Generic AI $2k-10k/year | Legal Services $50k-200k/year |
|---|---|---|---|---|---|
| Lease-Specific Training | |||||
| Extraction Accuracy | 100% | 60-70% | 95% | 70-85% | 98% |
| Processing Speed | 8 seconds | 5-10 min | 4-6 hours | 2-5 min | 2-3 days |
| Proactive Alerts | |||||
| Risk Analysis | Limited | ||||
| Market Data Integration | Manual | ||||
| 24/7 Availability | |||||
| Clause Generation | Generic | Generic |
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