Lease administration
Lease administration software for commercial portfolios.
Every lease as a structured, versioned record: terms that bill, amendments that keep history, and dates that remind someone before they pass.
14-day free trial · No credit card
Abstracts that drive billing
Rent steps, recovery terms, escalations, and percentage rent are fields, not notes. Change a term and the billing schedule follows.
- Premises across suites, with rentable and usable area
- Base rent steps, free rent, and proration
- Recovery, escalation, and percentage rent terms
- Guarantors, deposits, and parking rights
Amendments with full history
An amendment writes a new version and supersedes the old one. Catch-up charges or credits for months already billed wait for you to confirm them.
Options, obligations, and critical dates
Renewal, expansion, termination, purchase, ROFR, and ROFO options carry notice windows. Obligations and dates have an assignee, a status, and reminder alerts.
AI abstraction with a person approving
Upload a PDF or Word lease. Vespy proposes each term with a quote from the lease, matched to existing properties and suites, and saves nothing until you approve.
Reports
Lease abstract and amendment history, rollover and option exposure, and an area-based rent roll, each exportable to CSV, XLSX, or PDF.
Questions
What is lease administration software?
It keeps each lease as a structured record of its terms, amendments, options, and deadlines, so billing and reporting run from the lease itself.
How is it different from lease abstraction?
Abstraction is the one-time act of reading a lease into fields. Administration is keeping those fields current and acting on them for the life of the lease.
Can I see what a lease said before an amendment?
Yes. Every version is kept, so you can view the terms in force on any date.
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