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Uptiq's Document AI extracts asking rent per square foot, effective rent net of concessions, free-rent months, tenant improvement allowance, and lease term from each rent comp, feeding market rent into the income approach and flagging in-place rents that sit off market.
Trusted by financial institutions across banking, lending & credit
What Is This
A rent comparables schedule reports what competing properties ask and actually collect after concessions, and is used to validate the subject's in-place rents and support the market rent assumption in the income approach.
Uptiq's Document AI extracts asking rent per square foot, effective rent net of concessions, free-rent months, tenant improvement allowance, and lease term from each rent comp, feeding market rent into the income approach and flagging in-place rents that sit off market.
Concessions — free rent, moving allowances, oversized TI packages — hide the gap between asking rent and effective rent
The Solution
Uptiq's Document AI extracts asking rent per square foot, effective rent net of concessions, free-rent months, tenant improvement allowance, and lease term from each rent comp, feeding market rent into the income approach and flagging in-place rents that sit off market.
The result: your team spends time on judgment calls, not re-keying rent comps data — measured across production deployments.
What Uptiq Extracts
A sample of the structured fields Uptiq's Document AI captures from this document type.
| Field | Example |
|---|---|
| Rent Comp Property | 2200 Harbor Point |
| Asking Rent | $32.00/SF/yr |
| Effective Rent | $28.75/SF/yr |
| Free Rent Concession | 4 months |
| TI Allowance | $45.00/SF |
| Lease Term Quoted | 7 years |
| Expense Structure | Triple Net (NNN) |
| Rent Escalation | 3.0% annually |
{
"rent_comp_property": "2200 Harbor Point",
"asking_rent": "$32.00/SF/yr",
"effective_rent": "$28.75/SF/yr",
"free_rent_concession": "4 months",
"ti_allowance": "$45.00/SF",
"lease_term_quoted": "7 years"
}Key Benefits
Uptiq's Document AI extracts asking rent per square foot, effective rent net of concessions, free-rent months, tenant improvement allowance, and lease term from each rent comp, feeding market rent into the income approach and flagging in-place rents that sit off market.
Concessions — free rent, moving allowances, oversized TI packages — hide the gap between asking rent and effective rent
Gross, modified gross, and triple-net quotes are not comparable until expense loads are normalized to one basis
Every extracted field traces back to its source page — examiner-ready documentation, every time.
100+ native integrations across loan origination systems, cores, and workflows. No new infrastructure.
Process more rent comps volume with your existing team as application volume grows.
Proven at Scale
Results represent aggregate outcomes across production deployments. Individual results may vary.
How It Works
The rent comps arrives via email, portal, or upload. AI classifies it automatically.
Fields are extracted at 95%+ accuracy with full data lineage back to the source page.
Derived metrics and ratios are calculated automatically from extracted figures.
Structured, extracted data lands in your existing loan origination or servicing system.
Common Questions
Related Document Types
Book a 30-minute session. We'll run a live extraction demo on your own rent comps documents.
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