Leasable Space Clause Samples
The 'Leasable Space' clause defines the specific areas within a property that are available for lease under the terms of the agreement. It typically outlines which portions of a building or development, such as office suites, retail units, or warehouse sections, are included as leasable, and may exclude common areas, service spaces, or structural components. By clearly identifying what constitutes leasable space, this clause ensures both parties understand the scope of the lease, preventing disputes over which areas are covered and facilitating accurate calculation of rent and other obligations.
Leasable Space. So long as the Leasable Space is leased and operated by a third party not related to Developer or the Hotel operator, the workers in the Leasable Space shall not be governed by the Living Wage provisions specified this subsection (l).
Leasable Space. Landlord's estimate of the number of square feet of area in all structural parts of the Shopping Center used for the sale of goods and services; said area shall be measured from the exterior face of exterior walls and the center line of any walls which a tenant shares with other tenants or occupants of the Shopping Center, provided that no deduction from leasable space shall be made for columns, stairs, elevators or any interior construction or equipment within the boundaries which comprise the Leasable Space.
Leasable Space. 3 Term........................................................................ 4