Retail
Retail property management software for recoveries.
Percentage rent against natural or artificial breakpoints, CAM and tax pools per center, and recovery statements your tenants can check.
14-day free trial · No credit card
Percentage rent from recorded sales
Record each tenant’s reported sales per period with exclusions and a status. Vespy derives the natural breakpoint, honors an artificial one, and drafts the annual true-up.
- Natural and artificial breakpoints on the lease
- Sales periods marked draft, submitted, accepted, or disputed
- True-up charges posted through the double-entry ledger
CAM, tax, and insurance pools per center
Each pool carries its own exclusions, gross-up target, admin fee, and cap. Anchors on a fixed percentage and in-line shops on pro-rata area share one pool.
Statements, AR, and online payment
Approved reconciliations become tenant recovery statements. Balances bill through commercial AR, and tenants pay by card or ACH through the tenant portal.
Co-tenancy and kick-out clauses
Track them as lease obligations and critical dates with reminders. Vespy does not calculate co-tenancy rent reductions automatically today.
Questions
Can tenants submit their own sales reports?
Not yet. Your team records reported sales per period in Vespy, with exclusions and a status, and the true-up is drafted from those records.
Can anchor tenants and in-line tenants share a CAM pool?
Yes. Share basis is set per lease, so an anchor on a fixed percentage and in-line tenants on pro-rata area reconcile from the same pool.
Does Vespy handle percentage rent offsets against recoveries?
Record the offset terms on the lease as an obligation or note. Vespy computes percentage rent and recoveries separately and does not net them automatically.
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