EliseAI's Lease Audit Tool is an AI-powered ledger auditing system designed to review lease data, identify costly errors, and reduce the time your team spends on manual document review.
This tool automatically reviews lease documents and ledger entries to identify discrepancies, such as missing fees or mismatched concessions. It flags potential issues so you can act to mitigate potential operational or financial impacts.
Contact your CSM to launch lease audits as part of your DelinquencyAI suite.
Navigate to each section of this article with the links below:
Access the Lease Audit Tool
To navigate to our Lease Audit Tool, open up your AI Portal and click Lease Audit on the left side panel.
On the left side under Lease Audits, you can view property-level data. Use the search box to search for specific leases or residents, and use the dropdown menus underneath to only view leases with discrepancies or that are awaiting your feedback.
The panel below the dropdowns displays the number of lease audits awaiting your feedback.
Resident leases appear at the bottom left. Click on a resident to view their lease audit.
The resident's lease terms appear at the top of the page. This information is pulled directly from your PMS.
The center of the page displays lease audit results awaiting review by you or your team. This section automatically flags potential issues (such as undercharges or mismatched fees) so you don't have to dig for them manually. All discrepancies will require feedback to confirm that the discrepancy flagged requires actions or is a false alarm.
Click View Ledger to view the resident's full ledger.
Click View Source Doc to view and download a PDF of the original lease.
Adress Discrepancies
Address each discrepancy on the right side of the page.
You can choose between the following options:
- I will update the ledger
- I will update the documents
- I will do something else
- I'm electing not to fix
- This is a false alarm
If you select false alarm, you must identify the issue that led to the false alarm:
- The AI read the lease wrong
- The AI read the ledger wrong
- Something else
The system will prompt you to enter comments about why the transaction was marked as Action Needed or False Alarm, so that the AI can learn from your responses.
Teaching the AI
As you and your team review discrepancies flagged by the tool, you may also leave general comments at the bottom of the page so that the AI will learn from you. Use the comments section to explain exceptions, confirm charges, or correct errors. Each piece of feedback will help make the system smarter for your entire team.
If you have any questions or need further assistance, please reach out to our support team.