Property ManagementVentora

Lease Abstraction for CapVeri

By Angel Campa, Founder · Updated March 2026

About CapVeri

CapVeri is a CRE FinOps platform for landlords and property managers that automates CAM reconciliation. It ingests CSV and PDF exports from Yardi, MRI, and AppFolio — no API integrations required — and handles BOMA calculations, tenant share allocations, gross-up normalization, CAM cap enforcement, and pro-rata denominator validation.

How Lextract Helps

Before a property manager can run an accurate CAM reconciliation, they need structured lease data for every tenant: pro-rata share formula, CAM inclusions and exclusions, management fee cap, gross-up provisions, and CAM cap percentage. Lextract extracts these fields from any lease PDF in under 3 minutes, providing the lease data inputs CapVeri needs to build accurate expense pool allocations. This is especially valuable at acquisition or lease renewal when lease terms change and reconciliation setups must be updated.

Workflow: Extract to Import

1Upload tenant lease PDFs to Lextract and receive structured field extractions in under 3 minutes
2Review and verify CAM-related fields: pro-rata share, management fee cap, gross-up provisions, and CAM cap
3Export as CSV for each tenant
4Import tenant lease data into CapVeri to configure the CAM pool and tenant allocation rules
5Upload your Yardi, MRI, or AppFolio GL export to CapVeri
6Review the automated reconciliation output and generate tenant reconciliation statements

Supported Export Formats

Lextract provides the following export formats compatible with CapVeri:

CSVExcelJSON

Critical Fields for CapVeri

These are the highest-priority fields Lextract extracts for CapVeri users:

Pro Rata Share Cam Cap Percentage Cam Cap Type Cam Exclusions Management Fee Cap Gross Up Provision Base Year Operating Expense Inclusions Lease Type

Frequently Asked Questions

How does Lextract connect to CapVeri?

Lextract extracts the tenant lease terms CapVeri needs to build accurate CAM pool configurations. After abstracting tenant leases with Lextract, property managers can configure CapVeri's expense allocation rules using the extracted pro-rata shares, CAM caps, management fee limits, and gross-up thresholds — eliminating manual lease lookups during the reconciliation setup.

Does CapVeri require Lextract?

No. CapVeri can be configured manually or from existing lease data. Lextract accelerates the initial setup for new acquisitions or portfolios with many leases, reducing the time needed to configure each tenant's allocation rules from hours to minutes.