Retail property management software for shopping centres and malls
VemLease runs every lease of a shopping centre next to what happens in the centre: tenant sales, turnover rent, service charges and footfall from the same platform. Built for the teams who own and manage shopping centres, retail parks and outlets.
A 30 minute demo with a local Vemco team. Company email, no commitment.
What a centre team runs in VemLease
A shopping centre has more moving parts than most property: rent that depends on sales, shared costs, and units that change with the tenant mix. VemLease keeps them on the lease.
Leases and units
Every lease with its dates, rent steps and options. One lease can hold several units, each with its own end date.
Turnover rent
A percentage of tenant sales, with ranges, limits and annual caps where the lease has them, billed monthly, quarterly or yearly.
Tenant sales
Sales that tenants report in VemTenant flow into VemLease, with the revenue reporting status of each tenant in view.
CAM and service charges
CAM and service charge reconciliation in the same system as the leases the charges come from.
Units that change
Split or merge units when the tenant mix changes. The old unit is ended, never deleted, so its lease history stays.
Rent roll and reporting
Rent roll, invoices and revenue tracking across assets and entities, with dashboards for asset managers, leasing directors and finance.
Turnover rent, from reported sales to invoice
Turnover rent is where a shopping centre lease differs most from other leases. This is how a period runs.
1. Tenants report their sales
Retail tenants report their sales in VemTenant. Tenants who have not reported get an automatic reminder by email.
2. Sales arrive on the lease
Reported sales flow into VemLease automatically and sit with the lease they belong to.
3. The lease rule does the calculation
Turnover rent follows the rule on the lease: a percentage of sales, with ranges, limits and annual caps.
4. The invoice follows
Turnover rent is billed monthly, quarterly or yearly, from the same system as the rent roll and the other invoices.
Footfall from Vemcount sits next to the reported sales, so you can see how the centre traded in the same period.
The lease, next to footfall and tenant sales
VemLease is built next to footfall, tenant sales and occupancy data from the same company. Each is its own Vemco product on the same platform.
Footfall from Vemcount
Footfall per entrance and floor, from the platform that counts 60+ million people a day.
Tenant sales from VemTenant
Tenant sales and benchmarks, with the reporting status of each tenant.
One lease system behind the centre
Each part of the work has its own page.
Lease tracking and critical dates
Renewals, options and expiries, with alerts before they fall due.
For owners and finance: reporting and dashboards for asset managers, leasing directors and finance.
A lease system with a company behind it
The software is most of the decision. The rest is who stands behind it.
More than 20 years of lease management
VemLease was tbGold365 for more than 20 years. Today it is part of Vemco Group, and 1,500+ properties are managed with it.
A local team
Your demo and your support come from Vemco Group’s local offices. VemLease is cloud based.
A platform at scale
Vemco Group has 55,000+ installations in 98+ countries and counts 60+ million people a day, with 800+ malls on the Vemco platform.
Shopping centre software: common questions
What is retail property management software?
Retail property management software is what the owners and managers of shopping centres, retail parks and other retail property use to run leases, rent, service charges and tenant relations. For shopping centres it also has to handle turnover rent, which depends on the sales each tenant reports. It is also called shopping centre (or shopping center) management software, or mall management software.
How does VemLease handle turnover rent?
The rule sits on the lease: a percentage of tenant sales, with ranges, limits and annual caps where the lease has them. Sales that tenants report in VemTenant flow into VemLease, and turnover rent is billed monthly, quarterly or yearly. Turnover rent is also called percentage rent.
How do tenants report their sales?
In VemTenant, a separate Vemco product on the same platform. Tenants who have not reported get an automatic reminder by email, and the revenue reporting status of each tenant is in view.
Can units be split or merged when the tenant mix changes?
Yes. The old unit is ended, never deleted, and new units are created, so the lease history stays. One lease can hold several units, each with its own end date.
Does VemLease count footfall?
No. Footfall comes from Vemcount, Vemco Group’s people counting platform, which counts 60+ million people a day. VemLease is built next to it, so footfall and tenant sales sit next to the lease.
Is VemLease only for shopping centres?
No. VemLease covers commercial, residential and special-purpose real estate, with 1,500+ properties managed. Offices, retail portfolios and residential property run in the same system.
See VemLease on your own centre
A 30 minute demo with a local Vemco team. Company email, no commitment.