Common Area Factor definition

Common Area Factor. (CAF) is a conversion factor determined by the Building owner and applied by the owner to the ABOA SF to determine the RSF for the leased Space. The CAF is expressed as a percentage of the difference between the amount of rentable SF and ABOA SF, divided by the ABOA SF. For example 11,500 RSF and 10,000 ABOA SF will have a CAF of 15% [(11,500 RSF-10,000 ABOA SF)/10,000 ABOA SF]. For the purposes of this Lease, the CAF shall be determined in accordance with the applicable ANSI/BOMA standard for the type of space to which the CAF shall apply.
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Common Area Factor. The Common Area Factor (CAF) is established as 00 percent. This factor, which represents the conversion from ABOA to rentable square feet, rounded to the nearest whole percentage, shall be used for purposes of rental adjustments in accordance with the Payment Clause of the General Clauses.
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Common Area Factor is Tenant's pro rata share of Common Areas (hereinafter defined) located on the same floor. The Common Area and Public Area Factors for the Premises will be determined by reference to Landlord's schedule of Common Area and Public Area Factors for each floor of the Building, which is on file in Landlord's office.
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Examples of Common Area Factor in a sentence

  • The Common Area Factor (CAF) is a conversion factor determined by the Building owner and applied by the owner to the ABOA SF to determine the RSF for the leased Space.

  • The Rental Area of an individual office or a portion of a divided floor shall be the area computed by measuring from the inside surface of the window glass to the finished surface of the corridor side of corridor partitions and from center to center of the partitions that separate the Premises from adjoining Rental Areas including columns and projections necessary to the Building together with twelve percent (12%) of the sum so determined as a "Common Area Factor".

  • If applicable, the Offeror shall provide the Common Area Factor (a conversion factor(s) determined by the building owner and applied by the owner to the ANSI/BOMA Office Area square feet to determine the rentable square feet for the offered space).

  • The Common Area Factor (CAF) is established as 32 percent (rounded).

  • The Common Area Factor (CAF) is established as a factor of 1.00 This factor, which represents the conversion from ABOA to rentable square feet.

  • The Premises shall be measured by landlord's Space Planner who will certify the rentable (using a 13.9% Common Area Factor) and usable square footage of the Premises, using BOMA standards, and the Rentable and Usable Area of the Premises and the Initial Annual and Monthly Base Rent set forth in Article 1, Section 1.1, shall be adjusted accordingly based upon an Initial Annual Base Rent of $23.50 per rentable square foot of the Premises.

  • If Tenant occupies a portion of the 2nd Option Space or a portion of the 3rd Option Space, the determination of Usable Square Feet shall be measured in accordance with the most recent BOMA Standard Method of Floor Measurement (the "BOMA Standard"), which will be confirmed by Landlord's architect and Tenants architect, and the multi-tenant Common Area Factor of 1.1568 shall be applied to such determination of Usable Square Feet.

  • The Common Area Factor (CAF) is a conversion factor determined by the building owner and applied by the owner to the ABOA SF to determine the RSF for the leased space.

  • Landlord and Tenant agree that the Common Area Factor attributable to a single tenant floor in the Building is 1.0556 and the Common Area Factor for a multi-tenant floor in the Building is 1.1568.

  • The Rental Area of an individual office or a portion of a divided floor shall be the area computed by measuring from the inside surface of the window glass to the finished surface of the corridor side of corridor partitions and from center to center of the partitions that separate the Premises from adjoining Rental Areas including columns and projections necessary to the Building together with 12 percent (12%) of the sum so determined as a "Common Area Factor".


More Definitions of Common Area Factor

Common Area Factor is stipulated to mean the percentage defined as such in the definition of Leased Premises found in this Article 1, regardless of the actual amount of Building Common Area or the actual relation of the Building Common Area to the total Usable Area of the Building. Default shall mean any act, event, circumstance or occurrence which, with the giving of notice or the passage of time, or both, would constitute an Event of Default.
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Related to Common Area Factor

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • Common Area Operating Expenses are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Industrial Center, including, but not limited to, the following: (i) The operation, repair and maintenance, in neat, clean, good order and condition, of the following:

  • Common Area means all areas and facilities within the Project that are not designated by Landlord for the exclusive use of Tenant or any other lessee or other occupant of the Project, including the parking areas, access and perimeter roads, pedestrian sidewalks, landscaped areas, trash enclosures, recreation areas and the like.

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Operating Cost means the total cost and expense incurred in operating, managing, insuring, equipping, lighting, repairing, maintaining and policing the Real Property, including the exterior of the Real Property and the common areas, and specifically including, without limitation, items of expense for or related to: insurance premiums and deductibles, management, bookkeeping.