Retail property management, percentage rent included
Retail runs on triple-net recoveries and percentage rent. Plazee calculates percentage rent against natural or specified breakpoints from tenant sales, and reconciles CAM/NNN automatically.
Retail leasing has two moving parts that most software ignores: triple-net expense recoveries and percentage rent tied to tenant sales. Plazee handles both. Tenants report gross sales, Plazee computes percentage rent above the breakpoint (natural or specified), and CAM/NNN charges reconcile to actuals at year end — all posting to a real general ledger so the shopping center’s books stay accurate.
What makes retail different
Percentage rent calculation
Computing rent on gross sales above a breakpoint — and getting the natural-breakpoint math right.
Collecting tenant sales
Capturing reported gross sales per period to drive percentage rent.
CAM/NNN true-ups
Reconciling estimated recoveries against actual expenses for every tenant at year end.
Anchor vs inline shares
Allocating recoveries fairly across anchors and inline tenants with different pro-rata bases.
How Plazee handles it
Percentage rent done correctly
Enable percentage rent per lease with a specified breakpoint or a natural breakpoint (base rent ÷ rate). Tenants report gross sales by period, and Plazee calculates the excess over the breakpoint and the percentage rent due.
- Natural or specified breakpoints
- Tenant sales reporting by period
- Automatic excess-sales and percentage-rent calculation
CAM / NNN reconciliation
Recoverable expenses accrue from the general ledger throughout the year, then reconcile to each tenant’s pro-rata share at the annual true-up — with caps, exclusions, and gross-up handled per lease.
Flexible expense allocation
Allocate CAM by pro-rata square footage, equal share, or a custom percentage per lease, so anchors and inline tenants are billed on the right basis.
Frequently asked questions
Does Plazee calculate percentage rent?
Yes. Plazee supports percentage rent per lease with natural or specified breakpoints. Tenants report gross sales, and Plazee computes the excess over the breakpoint and the percentage rent due.
Can Plazee handle CAM reconciliation for a shopping center?
Yes. Recoverable expenses accrue from the GL during the year and reconcile to each tenant’s pro-rata share at the annual true-up, with caps, exclusions, and gross-up applied per lease.
How are recoveries split between anchors and inline tenants?
Plazee allocates recoverable expenses by pro-rata square footage, equal share, or a custom per-lease percentage, so different tenant types are billed on the appropriate basis.
Other property types
Office
Base-year and expense-stop recoveries, gross-up, and CPI escalations for multi-tenant office buildings.
Industrial
Triple-net and absolute-net leases, long-term escalations, and multi-entity accounting for industrial portfolios.
Mixed-Use
Different lease structures per space (NNN, base-year, percentage rent) with multi-entity consolidation.
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