Firststreet continuously monitors whether lease obligations are being executed correctly, not just at commencement, but across every billing cycle for the life of every lease in your portfolio.
Traditional lease governance relies on periodic audits, a scheduled review where a small team manually compares rent rolls against lease abstracts. At best, this catches errors once a year. In practice, it catches errors in a fraction of leases once a year. Errors that emerged after the last review compound silently until the next one, and many errors are never found at all.
Execution monitoring replaces the audit cycle with continuous verification. Firststreet connects to your operational data, billing records, payment histories, CAM reconciliation statements, and compares that data against the structured financial logic derived from each lease. When the two don't match, the platform flags it. The gap between lease requirement and operational execution is surfaced at the time it occurs, not 14 months later during a scheduled review.
This is not a reporting tool. It is a control layer that operates between the lease document and the property management system, verifying on an ongoing basis that what the lease requires is what the system is producing.
Execution monitoring applies across every category of lease obligation: base rent and step-up schedules, CPI and fixed escalation triggers, operating expense and CAM recovery billings, expense stop calculations, gross-up application, CAM cap enforcement, percentage rent threshold tracking, and tenant improvement amortization.
The monitoring engine evaluates actual billing data against expected values derived from the lease model. It tracks cumulative variance over time, not just whether a single month's charge matched, but whether drift has accumulated across billing periods.
Execution monitoring operates across your entire portfolio simultaneously. Rather than requiring a team to prioritize which leases to review, Firststreet watches all of them, surfacing issues by severity so attention is directed toward the highest-impact discrepancies first. Portfolio-level monitoring also enables pattern detection: if the same type of execution error is appearing across multiple assets or property types, that signals a systemic configuration issue rather than an isolated mistake.
For ownership teams managing properties across multiple operating partners or third-party managers, execution monitoring provides an independent verification layer that doesn't depend on the accuracy of manager-supplied reporting. The platform compares lease requirements against actual operational data directly, providing the kind of governance visibility that ownership needs but that management reporting alone cannot deliver.
Request a demo to see how execution monitoring surfaces lease obligation gaps in your portfolio in real time.