Square Feet Clause Samples
The "Square Feet" clause defines how the measurement of the premises' area is determined for the purposes of the agreement. Typically, it specifies whether the square footage is based on rentable, usable, or gross area, and may outline the method or standard used for measurement, such as BOMA standards. This clause ensures both parties have a clear and agreed-upon understanding of the space involved, which is crucial for calculating rent, allocating expenses, and avoiding disputes over the size of the leased premises.
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Square Feet. “Square feet” or “square foot” as used in this Lease includes the area contained within the Leased Premises, which area shall include the exterior covered areas adjacent thereto.
Square Feet. Square feet" or "square foot" as used in this Lease includes the area contained within the Leased Premises together with a common area percentage factor of the Leased Premises proportionate to the total building area.
Square Feet. Square feet" or "square foot" as used in this Lease includes the area contained within the leased premises together with a common area percentage factor of the leased premises proportionate to the total building area.
Square Feet. The number of Square Feet in the Building or any part of the Building, including the Premises, shall be calculated in accordance with the then current ANSI/BOMA 265 standards or such replacement standard. Notwithstanding the foregoing, as a result of any re-measurement of the Building and the Premises, ▇▇▇▇▇▇▇▇ agrees that ▇▇▇▇▇▇’s pro rata contribution to Occupancy Costs on a square foot basis in the remaining Premises shall not be increased as a result of the re-measurement, nor shall Tenant’s then current Rent due and payable be increased as a result of such re-measurement.
Square Feet. Measurements of building area under this paragraph shall be made initially by ▇▇▇▇▇▇▇▇'s architect, subject to review and approval by ▇▇▇▇▇▇'s architect.
(c) Rental Adjustment in Connection with Cost of Improvements. The minimum rental amounts specified in Section 3.1(a) are based on an assumed amount of [...*...] per square foot for the Cost of Improvements (determined in accordance with Exhibit C) of the --------------------------- *CONFIDENTIAL TREATMENT REQUESTED 7
Square Feet. The area the rented structure occupies should be defined in feet. This requires a physical measurement of the length of each wall and (if relevant) ceiling height.
Square Feet. Tenant agrees to lease and Landlord agrees to lease to Tenant, commencing on the Rent Commencement Date, the adjacent 3,416 square feet of floor space shown on the Floor Plan attached hereto and made a part hereof as Exhibit B, for an additional $4.00 per square foot. Landlord shall, on the Rent Commencement Date, deliver such adjacent space in a “white-box” condition pursuant to the specifications agreed to by the parties and described in Exhibit C, attached hereto and made a part hereof. The rental rate for the adjacent space includes the taxes, insurance and CAM charges. Tenant will be responsible for heating of this space to prevent the sprinkler system from freezing. In addition, Tenant will pay all utility costs charged to this space. Tenant may at its sole cost build-out this adjacent space with the written approval of Landlord, which Landlord shall not unreasonably withhold, condition, or delay. In the event that Tenant (or any subtenant of Tenant) builds-out this adjacent space, Landlord will provide Tenant with a credit toward the cost of such build-out by either promptly paying to Tenant, or directly paying to Tenant’s contractor, the initial Nine Thousand One Hundred Fifty Dollars ($9,150) of Tenant’s (or such subtenant’s) expenses toward such build-out. All terms and conditions of this Lease, other than provisions regarding the payment of rents and the build-out of such space, shall apply to the lease of this adjacent space as if it were included within the definition of the Leased Premises; provided, however, that once Tenant has built-out this adjacent space and Tenant’s personnel have begun to occupy such space, then the rent for this adjacent space shall be adjusted to the same annual rate per square foot then applicable to the Leased Premises, together with an Allocable Percentage of the Shared Expenses for this adjacent space determined in the same manner as Shared Expenses for the Leased Premises, and all of the foregoing shall be paid in installments due at the same time as the payments of monthly rent and Shared Expenses for the Leased Premises.
Square Feet. Square feet" or "square foot" as used in this Lease includes the area contained within the leased premises together with a common area percentage factor of the leased premises proportionate to the total rentable building area. Lessee's actual percentage for computation of its share of operating expenses shall be agreed upon by the parties at the same time as agreement on the plans and specifications as required in Article 6.02.
Square Feet. Costs and other fees listed apart from broker costs are subject to the final contract provided separately to this document which is for use to better inform the client and not a representation of cost on behalf of another entity. Define the kind of space or premises being rented to the Lessee. Unlike residential leases, landlords will sometimes charge the tenant additional expenses such as common area maintenance (CAM’s), real estate taxes, and insurance (depending on the type of commercial lease). Unlike residential property, commercial rent is described as a price per square foot ($/SF). Once a price is set you can list your property for rent, sign a lease, and begin collecting rent. As mentioned earlier, the Lessee must sign this document as a Notary Public observes. Step 10 – Write the Commercial Lease Agreement Use an attorney or draft the lease yourself. This amount would be returned in full to the Lessee when the agreement terminates and the Lessee does not have an unpaid balance with the Lessor. Estoppel Certificate – May be requested by the landlord after lease signing to certify a lease exists between the tenant and landlord. Rent (17) Rent Amount. Sincerely yours, ::SenderName:: A commercial lease agreement allows a landlord to lease a space for retail, office, or industrial use. He or she must sign this paperwork after reviewing it for accuracy. If this is the case and the Lessor shall not require the Lessee to limit his or her business to any one purpose for the duration of the lease then select the first checkbox in the third article. So to keep things straight, here are the most common types of commercial properties used today: Industrial Space Industrial properties are the warehouses and factories often located outside of the cities. VI. When trying to figure the rental amount, it is a good idea to set the price that is close to what others are asking in your area. All property types are usually marketed as a price per square foot ($/SF). This way the signatures are proven and the agreement is much more likely to hold up in court if its legality is ever questioned. Download: Adobe PDF, MS Word, OpenDocument Facility Event Space Rental Agreement – An agreement to rent a setting for an event. Any other important feature unique to the business. Step 11 – Taking Occupancy After the security deposit has cleared and the lease has been signed the tenant should take occupancy. This is very important and should be displayed when marketing the proper...
Square Feet. This agreement can be used in any state so long as it remains compliant, and that state is named in Article XXIV. The Notary will be supply proof of the notary process to verify the authenticity of the Lessee’s signature. Security Deposit
