Platform overview

Every commercial workflow.
None of the spreadsheets.

From recovery pools and base years through percentage rent true-ups and rollover exposure — modeled on the lease, computed in order, and retained for audit.

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CAM Reconciliation

Reconciliation season stops being a three-week spreadsheet exercise. Build a recovery pool, attach the leases, and Vespy runs every step in order: pool actuals, exclusions, gross-up of variable costs to target occupancy, administrative fee, tenant share, base-year deduction, cap, and estimates already billed.

Gross-up variable costs to a target occupancy, with the occupancy basis shown
Base year and expense stop deductions applied before caps
Cumulative and non-cumulative caps against a base-year or prior-year reference
Every intermediate retained in an auditable trace — what a tenant audit demands
More on cam reconciliation
Pool actuals
$412,800
Less exclusions
−$28,400
Gross-up to 95%
+$14,120
Tenant share · 8.4%
$33,504
Less base year
−$9,180
Less estimates paid
−$21,000
Balance due
$3,324

Lease Administration

The abstract is the system of record, not a PDF in a shared drive. Every amendment writes a new lease version and supersedes the prior one, so you can see what the lease said at any point in time — and future billing updates itself to match.

Versioned abstracts with full history — prior versions superseded, never overwritten
Amendments rewrite forward billing schedules automatically
Renewal, termination, expansion, and ROFR options with notice windows
Critical dates surfaced before the notice window closes
More on lease administration

  1. Original lease

    Executed Mar 2022

  2. Amendment 1 · Expansion

    Suite 340 added · 2,150 RSF

  3. Amendment 2 · Term extension

    Through Dec 2029

    Current

Rent Escalations

Escalation clauses are where spreadsheets quietly go wrong — a CPI lookup off by one period, a floor that was never applied, a step that nobody wrote into next year. Vespy applies the rule and writes the future rent steps across the term.

Fixed percent, fixed amount, and index methods on the same schedule
CPI/index lookup with a floor and cap, and an explicit rounding rule
Percentage rent with natural and artificial breakpoints
Annual true-up charges generated from submitted tenant sales
More on rent escalations
Year 1$28.50Base
Year 2$29.36+3.0% fixed
Year 3$30.24+3.0% fixed
Year 4$30.85CPI +2.0%, floor 2%
Year 5$32.08CPI +4.0%, cap 4%

Full platform

Everything the reconciliation depends on.

Recovery math is only trustworthy if the lease data, the ledger, and the reporting underneath it are too.

Recoveries & CAM

The full recovery waterfall, with an auditable trace

  • Recovery Pools
  • Pro-Rata Share Methods
  • Estimates & True-Ups

Lease Administration

Versioned abstracts, amendments, options, and critical dates

Billing & AR

Escalations, percentage rent, invoices, and collections

Reporting

Rent roll, stacking, recovery audit, and rollover exposure

  • Area-Based Rent Roll
  • Stacking & Availability
  • CAM Reconciliation Audit
  • Rollover & Option Exposure

AI

Proposes the work; a person approves it

  • Portfolio Chat & Search
  • Human Approval on Every Write

Platform

Accounting, migration, portal, and API

  • Double-Entry General Ledger
  • Trust Accounting
  • Bank Reconciliation
  • Portfolio Migration
  • Tenant Portal
  • Document Storage
  • QuickBooks, Xero & API

Feature detail

CAM Reconciliation

Lease Abstraction

Percentage Rent

Rent Escalations

NNN Lease Management

Stop reconciling in a spreadsheet.

Set up your first recovery pool, abstract a lease, and run a reconciliation — free.

Start free Book a walkthrough

14 days of full access · No credit card required