BOMA Study Guide 2026

Demand response programs allow building operators to reduce electricity use during high-demand periods (like hot summer afternoons), helping grid stability and typically earning the building owner financial credits or reduced rates.

Tenant retention rate measures the percentage of tenants who renew their leases, which is a critical KPI because retaining tenants avoids costly vacancy, lease-up commissions, tenant improvement allowances, and revenue gaps.

The lease commencement date establishes when the lease term begins and legal obligations arise, while the rent commencement date is when actual rent payments start, often delayed to allow for tenant improvements.

Demand response involves temporarily reducing energy consumption during peak utility demand periods, typically in exchange for financial incentives from utilities.

A joist is typically found in the floor of a building. It is a horizontal structural member that provides support and stability to the floor above. Joists are commonly made of wood or steel and are spaced apart to distribute the weight of the floor and any loads placed on it. They are an essential component of the floor framing system and play a crucial role in maintaining the structural integrity of the building.

OSHA's Hazard Communication Standard (HazCom) requires maintaining Safety Data Sheets, properly labeling hazardous chemicals, and training employees who may be exposed.