Re-Leased Commercial Property Management with Credia AI

Re-Leased is a New Zealand-founded commercial property management software company led by founder Tom Wallace. It serves landlords and third-party managers of industrial, office, retail and mixed portfolios in New Zealand, Australia, the UK, the US and Canada, reporting 40,000+ users and 375,000+ leases managed.

The cloud platform covers lease management, property operations and maintenance, arrears and credit control, budgets and reporting, with connected accounting through Xero, Sage Intacct, QuickBooks and NetSuite plus trust accounting. Its Credia AI layer extracts data from leases, invoices and compliance documents, answers lease questions with source references and drafts actions from emails, while Re-Leased Pay and a tenant portal handle collections and communication.

• Lease management: Tracks lease terms, rent reviews, options and critical dates.
• Operations and maintenance: Manages property jobs, contractors and compliance tasks.
• Credia Extract: Pulls structured data from leases, invoices and compliance documents.
• Credia Advise: Answers lease questions with references to source documents.
• Connected accounting: Syncs with Xero, Sage Intacct, QuickBooks and NetSuite.
• Re-Leased Pay and tenant portal: Handles tenant payments and self-service communication.

An industrial park developer leasing ready-built factories can track lease terms, rent escalations and arrears in one system. An office building owner can use AI extraction to digitise legacy lease contracts. A third-party property manager can run trust accounting and owner reporting for several landlords.

Property managers spend less time on data entry because Credia Extract processes invoices, insurance policies and leases automatically. Re-Leased states that managers on the platform handle 250+ leases each, more than double the industry average. Connected accounting removes double entry, and arrears tools speed up rent collection.

Commercial landlords are adopting AI to read leases and automate administration as portfolios grow and staff stay lean. In Vietnam, owners of office buildings, retail podiums and ready-built factories manage many leases in spreadsheets, creating demand for lease and arrears software.

New Zealand-founded; founder Tom Wallace. Raised USD 12.5 million in September 2024 led by Movac with Icehouse Ventures, reporting 1,400 customers and 350,000 tenants at the time. Team of 170+. Clients shown include Knight Frank and Ray White. Founding year not stated on pages fetched.