HOW IT WORKS
From Document Submission to Actionable Findings
The audit process is designed to be fast, low-friction, and thorough. No complex system integration. No months of setup. Just structured findings, tied to the lease language that generated them.
1
Submit Your Documents
Share your lease documents and rent roll data. No complex integration or system access required to get started.
2
AI Extraction & Cross-Reference
Firststreet's AI reads every lease, structures every financial obligation, and cross-references it against your billing records and system configuration.
3
Professional Review
Licensed CPA professionals review every finding before the report is finalized. AI handles the speed and scale. Human expertise ensures every finding is accurate, defensible, and ready to act on.
4
Receive Your Findings Report
You get a prioritized discrepancy report with every finding tied back to the specific lease clause it originated from and the dollar impact quantified.
SCOPE OF WORK
What the Audit Covers
Every financially significant obligation in your leases is extracted, structured, and cross-referenced against what is actually being billed and collected.
CAM Reconciliation Errors
Common area maintenance recovery structures checked against lease terms, exclusion sets, and admin caps for every tenant.
Missed Rent Escalations
Fixed step increases, CPI-linked adjustments, and anniversary escalations verified against billing records and system configuration.
Incorrect Recovery Structures
Gross, NNN, modified gross, and hybrid recovery methodologies confirmed against actual billing to surface structural mismatches.
Billing Configuration Gaps
Property management system configurations reviewed against lease terms to identify charges that are missing, misconfigured, or incorrectly applied.
Expense Stop & Base Year Issues
Expense stop elections and base year structures extracted and verified against the recovery calculations being applied in practice.
Lease Clause Compliance
Co-tenancy provisions, percentage rent thresholds, tenant improvement amortization, and other clause-driven obligations checked for execution accuracy.
THE OUTPUT
More Than a Report — A Foundation for Governance
The audit doesn't just surface what's wrong. It produces a clean, structured data layer across every lease reviewed — every obligation extracted, every financial term encoded, every discrepancy documented with evidence. That foundation is what makes continuous portfolio monitoring possible.
Most clients move from a one-time audit into ongoing governance within the first contract cycle, because the hard work of interpretation is already done.
AI Speed. CPA Accountability.
Firststreet combines AI-powered extraction and analysis with review by licensed CPA professionals. You get the turnaround of an automated process with the professional accountability your ownership and investors expect. Every finding is defensible. Every report is signed off before it reaches you.