Nova Lease by David Austin Law
NovaLease provides flat-fee commercial lease drafting and management services for landlords and brokers, replacing hourly billing with a streamlined, deal-focused process. The company uses attorney-supervised drafting from customized templates and offers a real-time lease tracker that centralizes communication and property details. First drafts are delivered within 24 hours, with subsequent revisions taking 24-48 hours.
- Property Technology
- Legal Technology
Funding
Founders
Founder details are not available yet.
Product
Problem
Commercial lease drafting is traditionally handled on an hourly basis, creating misaligned incentives between attorneys and clients, delaying transactions, and inflating costs. Landlords and brokers also struggle with opaque deal tracking, relying on scattered emails and document requests that slow down occupancy and commission payments.
Solution
NovaLease offers a smarter way for lessors to draft, track, and manage commercial leases through a flat-fee model that moves at the client's pace. The company leverages transactional attorneys with landlord experience to draft pragmatic, saleable leases backed by data, market comps, and asset strategy. Their process begins with alignment, then templatizes the client's current lease or creates a new one, and culminates in drafting tailored to the client's preferred workflow—whether via email, spreadsheet, or word document. A real-time lease tracker provides full transparency, centralizing communication and property details while copying all correspondence to the user's email for simplified response.
Target Audience
Primary customers are commercial landlords and real estate brokers who need faster, cost-effective lease execution and clear visibility into deal progress.
Features
- Flat-fee pricing model that eliminates hourly billing delays and aligns attorney incentives with lease execution speed
- Lease templates customized from the client's existing documents or built fresh from an LOI, ensuring legal precision and efficiency
- Flexible workflow intake supporting email, spreadsheet, or standard word document requests
- Real-time lease tracker with consolidated communication, property details, and portal or email-based response capabilities
- Lease drafting backed by market comps and asset strategy to maximize leasing velocity and asset valuation
- First draft delivery within 24 hours and subsequent revisions in 24-48 hours
- Property information pages storing details such as OpEx structure, square footage, and projected OpEx for NNN buildings