Reconciling the rent roll against the leases — automatically

The rent roll tells you what the owner says each tenant pays. The leases tell you what each tenant agreed to pay. Most of the time these agree. The deal lives in the times they do not.

Reconciliation is the unglamorous step where an analyst opens every lease, finds the contractual rent and escalation schedule, and checks it against the corresponding line on the rent roll. On a property with thirty tenants, that is thirty PDFs, thirty searches, and a running list of discrepancies — an afternoon of careful, error-prone work that nobody enjoys and everyone has to do.

Framecast does the matching automatically. It reads each lease for its economic terms, lines them up against the rent roll tenant by tenant, and produces a reconciliation that flags exactly where the two disagree — a stated rent that does not match the lease, an escalation that already triggered but was not applied, a free-rent period the rent roll forgot, an expired term still shown as in-place.

Crucially, it does not just flag the variance — it shows you both sides. Each flagged item links to the rent-roll line and the lease clause, so you are not hunting for the source of a discrepancy; you are looking at it. The judgment call — does this variance change the deal, or is it noise — stays with you, which is where it belongs.

What used to be an afternoon is now a few seconds and a focused review of the handful of items that actually matter. The analyst's attention goes to the variances, not the verification — and the variances are where the diligence value was hiding all along.