DCT Lease
This term describes the circumstance when a Tenant leases their space to another Tenant, but remains responsible for the obligations under the lease.
This process is completed at the end of each calendar year that settles estimated operating expenses against the actual expense.
What is a CAM reconciliation?
A person or group with which long term relationships are built in order to obtain and foster future business.
The maxium usable height to which a Customer can store product on racking.
What is the clear height?
Environmental, Social and Corporate Governance.
What is Sustainability?
This concept refers to when a Tenant remains in possession of their space after the lease has expired.
The estimate of income and expenditures for a calendar year.
What is a budget?
A $28,000 project requires this many bids.
This is designed to withstand heavy forklift traffic and hold heavy loads from pallet and racking storage.
What is the warehouse slab?
This is a certification program focused primarily on new commercial building projects and based on a point system. The more points earned, the higher your rating.
What is LEED?
The document provided in lieu of a cash security deposit.
What is a Letter of Credit?
The costs that are associated with a property’s operating activities.
What are operating expenses?
The biggest way a Property Manager can contribute to NOI.
What is Expense Management?
A small wall mounted safe that holds building keys for the fire department and sometimes the police to retrieve in emergency situations.
This team's successes were highlighted in this year's Annual Report.
Who is the Seattle market team?
This is required when commencement of a lease is based on substantial completion of Tenant Improvements.
An official inspection of accounts.
This is typically the largest expense on a property.
What are Property Taxes?
The concrete pavement strip used to protect the foundation located adjacent to the loading docks where trailer landing gear is dropped.
What is a dolly pad or apron?
This market ended 2017 with the most square footage of development under construction.
What is the Atlanta market?
The document that gives the Customer permission to construct tenant improvements.
What is the Consent to Alterations?
Revising projected budgeted expenses based on actual knowledge. This is done quarterly at DCT.
What is Reforecasting?
These four expenses are typically categorized as "Non-controllable Expenses".
What are Snow Removal, Utilities, Insurance & Taxes?
This is the portion of the warehouse used to move goods in a quick and efficient manner.
What is a speed bay?