Office
Office property management software, by the square foot.
Base years and expense stops, gross-up to a target occupancy, suites measured in rentable and usable feet, and a stacking report for every building.
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Base years, expense stops, and gross-up
Office leases recover increases over a reference. Vespy grosses variable costs up to the lease’s target occupancy, deducts the base year or stop, and tests the cap.
- Base year or expense stop set per lease
- Gross-up of variable costs to a target occupancy
- Caps against base-year or prior-year expenses
Floors, suites, and load factor
Buildings hold floors and suites with rentable and usable square feet. A lease can span several suites, and the stacking report shows occupied and vacant area by floor.
Options and rollover
Renewal, expansion, contraction, termination, and ROFR options carry notice windows and reminders. The rollover report shows expiring area by year.
Questions
Can one lease span several suites?
Yes. A lease can hold several premises, including parking and storage, and recovery share is computed from the combined rentable area.
Does Vespy calculate load factor?
Vespy stores rentable and usable area per suite. The free load factor calculator converts between them and shows the effective rate per usable foot.
Can a pool serve base-year and expense-stop leases together?
Yes. The reference is set on each lease, so one operating expense pool can reconcile both kinds side by side.
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