BUILDING VACANCY definition

BUILDING VACANCY for any calendar year, shall mean the average of the rate of vacancy in the Building in each calendar month in such year. The rate of vacancy in the Building in any calendar month shall be determined by dividing the total square footage of the Building Rentable Area which is vacant on the first day of such calendar month by the total square footage of the Building Rentable Area.
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Related to BUILDING VACANCY

  • Modular building means, but shall not be limited to, single and multifamily houses, apartment

  • Modular building retailer means any person who purchases or acquires a modular building from a

  • Building Common Areas means with respect to the Tower, the areas, facilities and amenities specified in Schedule [E] which are to be used and enjoyed in common with all the other Apartment Acquirers of the Units in the Building; and

  • Building sewer means the extension from the building drain to the public sewer or other place of disposal.

  • heritage building means a Building designated under Part IV of the Ontario Heritage Act, R.S.O. 1990, c. O.18, or any successor legislation, or a Building designated under Part V of the Ontario Heritage Act,