REAL at CoreNetOct 26–28

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For lease accounting and retail finance teams

Every percentage rent calculation, verified against actual sales.

REAL calculates the natural breakpoint from the lease, applies every exclusion it allows, and reconciles the result against reported sales.

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The natural breakpoint, calculated the way the lease defines it.
Today, 12:45 PMlease accounting

REAL reads the base rent and percentage rate from the lease and derives the natural breakpoint from that formula, so the threshold used for every calculation matches the lease, not a portfolio-wide assumption.

Breakpoint calculation · §6.1

Base rent

$180,000/yr

Percentage rate

6%

Natural breakpoint

$3,000,000

An AI lease accountant that verifies percentage rent the way the lease actually defines it, exclusions and all.

  • Percentage rent depends on a breakpoint formula and a list of exclusions that are easy to apply inconsistently across hundreds of locations
  • REAL applies the lease’s own definition to every location’s reported sales, every period
01

The natural breakpoint, calculated the way the lease defines it.

REAL reads the base rent and percentage rate from the lease and derives the natural breakpoint from that formula, so the threshold used for every calculation matches the lease, not a portfolio-wide assumption.

Breakpoint calculation · §6.1

Base rent

$180,000/yr

Percentage rate

6%

Natural breakpoint

$3,000,000
02

Every exclusion the lease allows, applied consistently.

Returns, sales tax, employee discounts, and other exclusions vary lease to lease. REAL applies exactly the exclusions each lease specifies before calculating percentage rent, so no location over- or under-pays.

Gross sales adjustment

CategoryTreatment

Returns and refunds

Excluded

Sales tax

Excluded

Online fulfillment from store

Lease-specific inclusion

Included
03

Reported sales reconciled, and flagged when they don’t add up.

REAL compares reported sales against the pattern for a location and flags reports that look incomplete or inconsistent with prior periods, so a percentage rent bill is built on sales figures your team can trust.

Busy retail checkout counter in a shopping center store

6 agents

The Lease Accounting agents

Run ASC 842 and IFRS 16, audit CAM, validate payments, and recalculate escalations, percentage rent and Property Tax from source-backed financial logic.

One agent is powerful.
A suite is transformative.

Each REAL agent is an expert in its domain, built to share context and act on what the others know. The more agents work in your portfolio, the more complete each one’s view of it becomes, and the stronger every decision your team makes.

FacilitiesRight issue. Right owner. Right action.Connect asset condition, service history, contracts, work orders and site context to prevent failures and route the work that needs attention.Explore Facilities
ConstructionCatch the gap before it becomes cost.Connect drawings, standards, estimates, bids, scope, contracts and project history from first plan through final cost.Explore Construction
Portfolio StrategyRun the portfolio decision across every location.Combine economics, leases, physical feasibility, operations, market context and external constraints to rank what to do next.Explore Portfolio Strategy
Lease AccountingFrom ASC 842 to every lease-related payment.Maintain lease accounting, validate CAM and rent changes, control payments and trace every calculation back to the governing source.Explore Lease Accounting
Lease AdministrationTurn every lease term into action.Keep rights, obligations, dates, notices and recoveries current across the full lease portfolio, with the governing clause attached to every action.Explore Lease Administration

Key term: Percentage rent in the commercial real estate glossary.

FAQ

Initial agents live in two weeks.

Start with one or two high-value workflows, connect the required data and documents, measure the result, then expand across domains.

  • A tailored onboarding for every enterprise.
  • Fitted to how you actually work.
  • Continuous support as your portfolio evolves.
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