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A right created by grant, reservation, agreement, prescription or necessary implication to use someone else’s property.
A measure of the capacity or effectiveness of space to produce the desired results with a minimum expenditure of time, money, energy, and materials.
Access from land parcel to a public road or other means of exit
Electric Demand is the rate of using electricity. For most commercial buildings, demand is measured in kilowatts (kW)
Taking all reasonable steps to confirm legal, financial, structural, zoning, and environmental concerns.
Refers to a retail property that is planned, built, owned and managed as a single entity, comprising commercial rental units (CRU) and common areas, with a minimum size of 10,000 square feet ( GLA) and a minimum of three CRUs. On-site parking is also generally provided.
A trademarked program that promotes energy efficiency, and provides information on energy consumption of products and devices using standardized methods.
The ENERGY STAR Score is a measure of how well your property is performing relative to similar properties, when normalized for climate and operational characteristics. The ENERGY STAR scores are based on data from national building energy consumption surveys, and this allows Portfolio Manager to control for key variables affecting a building’s energy performance, including climate, hours of operation, and building size. What this means is that buildings from around the country, with different operating parameters and subject to different weather patterns, can be compared side-by-side in order to see how they stack up in terms of energy performance. The specific factors that are included in this normalization (Hours, Workers, Climate, etc.) will depend on the property type. The 1-100 scale is set so that 1 represents the worst performing buildings and 100 represents the best performing buildings. A score of 50 indicates that a building is performing at the national median, taking into account its size, location, and operating parameters. A score of 75 indicates that at a property is performing in the 75th percentile and may be eligible to earn ENERGY STAR Certification.
A study of the property and its area to determine whether there are any hazards. Mainly to identify the presence of hazards, estimate the cost of remediation or cleanup and to remediate the environmental contamination.
Taking all reasonable steps to confirm legal, financial, structural, zoning, and environmental concerns.
Any physical or natural condition or event which possesses a risk to humans.
The repercussions of an activity or specific land use on the physical/social environment as a consequence of emissions, waste disposal, water and power usage, etc.
A type of joint venture arrangement in which an owner enters into a contract with a user who agrees to occupy a space and pay rent as a tenant, but at the same time, receives a share of the ownership benefits such as periodic cash flows, interest and cost recovery deductions, and perhaps a share of the sales proceeds.
A signed statement that summarizes the terms of the lease. Executed by the Tenant.
EUI stands for Energy Use Intensity. It is the energy use per square foot at a property (energy divided by square foot). EUI enables you to compare different sized buildings
The combination of evaporations and plant transpiration into the atmosphere. Evaporations occurs when liquid water from soil, plant surfaces, or water bodies becomes vapor. Transpiration is the movement of water through a plant and the subsequent loss of water vapor.
The action of the state in taking or modifying the property rights of an individual in the exercise of its sovereignty