Rent escalations
Rent escalations, applied as the lease says.
Fixed-percent, fixed-amount, and CPI escalations with a floor and a cap, written into future rent steps instead of recalculated each year.
14-day free trial · No credit card
Three escalation methods, one schedule
A portfolio usually holds every kind of escalation. All three methods live on the same billing schedule, so a lease that steps 3% for three years and then moves to CPI stays one lease.
- Fixed percent, compounding off the prior rate
- Fixed amount per period or per square foot
- CPI or another series, with a floor and cap
- One rounding rule, applied the same way every time
CPI escalations with floors and caps
Vespy reads the index values you record for the lease’s series and applies its floor and cap. A 4.6% CPI change against a 4% cap bills at 4%, and the cap shows on the step.
Future steps, written once
Spreadsheets fail when next year’s rent has to be remembered. Applying a rule writes every future step across the term, and the rollover report shows what expires when.
Rent escalations questions
Which index series does Vespy support for CPI escalations?
Any series you record. An index escalation names a series code, such as CPI-U, and uses the values your team enters for each period. There is no automatic BLS feed today.
What happens when CPI exceeds the cap?
The increase bills at the cap, and the cap shows on the step. A CPI change below the floor bills at the floor the same way.
Can a lease switch escalation methods mid-term?
Yes. Escalation rules apply to periods, so fixed steps followed by CPI is one schedule, not two leases.
Do escalations recalculate past charges?
No. A rule writes forward steps only. Posted charges stay unchanged, which keeps completed reconciliations and the ledger intact.
Stop reconciling in a spreadsheet.
Set up a recovery pool, abstract a lease, and run a reconciliation on the free trial.
14-day free trial · No credit card