Rentable Square Footage Sample Clauses
The 'Rentable Square Footage' clause defines how the total area of a leased property is measured for the purposes of calculating rent and other charges. Typically, this includes not only the tenant's usable space but also a proportionate share of common areas such as hallways, lobbies, and restrooms. By establishing a clear method for determining the rentable area, this clause ensures transparency in rent calculations and helps prevent disputes over the amount of space for which the tenant is financially responsible.
Rentable Square Footage. Is the calculated useable square footage plus a percentage of the common area of the Building. The total of the two equal rentable square footage. Formula:
Rentable Square Footage. Landlord and Tenant agree that the Rentable Square Footage of the Demised Premises has been determined by measurements made to and from the outside of exterior walls and to and from the center of party walls plus a portion of the Common Areas of the Building.
Rentable Square Footage. The rentable area of Premises and the Building are agreed to be the numbers of square feet respectively specified in the Basic Lease Information.
Rentable Square Footage. The rentable square footage of the Premises is deemed to be 70,107 square feet, measured utilizing a modified Building Owners and Managers Association (BOMA) standard (revised 1996) as determined and applied by Landlord's architects (the “modified BOMA 1996 standard”). Tenant and Landlord agree that the square footage of the Premises will not be remeasured.
Rentable Square Footage. The Subleased Premises are expanded to include the Expansion Space. Accordingly, the last sentence of Section 1 of the Sublease is hereby deleted in its entirety and replaced with the following: “The parties hereto agree to the rentable square footage of the Subleased Premised is 28,650, and such rentable square footage, and any of the economic terms hereof based thereon, shall not be adjusted based on further re-measurement.”
Rentable Square Footage. The term "Rentable Square Footage" (or "Rentable Square Foot" or "Rentable Square Feet") means the agreed-upon rentable square footage of the Premises, the Expansion Premises or the Building, as the case may be, as set forth in this Lease and as determined in accordance with Building Owners and Managers Association standard method of measurement (ANSI Z65.I-1996) and, with respect to full floors, adjusted based on a load factor determined by Landlord's architect and approved by Tenant.
Rentable Square Footage. Is the calculated useable square footage plus a percentage of the common area of the Building. The total of the two equal rentable square footage. Formula: 973 useable square feet + 15% Load Factor = 1,119 rentable square feet Note: The actual common area square footage may exceed the Load Factor of this Lease.
Rentable Square Footage. Within ninety (90) days after the Commencement Date of this Lease, Landlord shall cause its architect to compute (with copy to Tenant) the Rentable Square Footage of the Premises and the Project to be computed in accordance with American National Standard Z▇▇.▇-▇▇▇▇ ▇▇▇▇▇▇ of Measuring Floor Space in Office Buildings as published by the Building Owners and Managers Association, as amended from time to time, and this Lease shall be deemed amended to incorporate such measurement.
Rentable Square Footage of the Lease is revised to provide that the RSF of the Premises is changed from 340,449 RSF to 331,378 RSF.
Rentable Square Footage. If a tenant or its Affiliates occupy space in a particular Property pursuant to multiple Leases, the rentable square footage under all such Leases shall be aggregated hereunder when calculating the rentable square footage occupied by such tenant pursuant to its Lease. SIGNATURE PAGE FOR PURCHASE AGREEMENT BY AND BETWEEN IRET PROPERTIES AND ▇▇▇▇▇▇▇▇ STREET REAL ESTATE, LLC Seller and Purchaser have caused this Agreement to be executed and delivered as of the date first above written. SELLER: IRET PROPERTIES, a North Dakota Limited Partnership By: IRET, Inc., a North Dakota corporation Its: General Partner By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. Title: Chief Executive Officer By: /s/ ▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇ Title: Executive Vice President IRET - BILLINGS 2300 CBR, LLC, a North Dakota limited liability company By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. Title: President By: /s/ ▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇ Title: Vice President MINNESOTA MEDICAL INVESTORS, LLC, a Delaware limited liability company By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. Title: President By: /s/ ▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇ Title: Vice President SMB OPERATING COMPANY, LLC, a Delaware limited liability company By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. Title: President By: /s/ ▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇ Title: Vice President MISSOULA 3050 CBR, LLC, a North Dakota limited liability company By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. Title: President By: /s/ ▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇ Title: Vice President Dated as of: November 30, 2017 PURCHASER: ▇▇▇▇▇▇▇▇ STREET REAL ESTATE, LLC, a Delaware limited liability company By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: General Counsel & Senior Managing Director The undersigned hereby agrees to act as Title Company under the foregoing Purchase Agreement and to hold and disburse the ▇▇▇▇▇▇▇ Money in accordance with the terms thereof. Dated: November 30, 2017. FIRST AMERICAN TITLE INSURANCE COMPANY By /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ____________ Its Senior Escrow Officer, Counsel EAST\148676904.7 IRET Properties Burnsville 303 Nicollet Medical ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇ $20,400,000.00 IRET Properties Burnsville 305 Nicollet Medical ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇ $12,800,000.00 IRET Properties Pavilion II ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ $22,100,000.00 IRET Properties ▇▇▇▇▇▇▇ Medical Plaza ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ St. ▇▇▇▇ MN $16,500,000.00 MN Medical Edina ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇...