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), defined under Section 2 of the Lease, is established as XX percent. This factor, rounded to the nearest whole percentage, shall be used for purposes of rental adjustments in accordance with the Payment Clause of the General Clauses. C.
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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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Examples of Common Area Factor in a sentence

  • The Common Area Factor (CAF), defined under Section 2 of the Lease, is established as XX percent.

  • 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.

  • Common Area Factor: The Common Area Factor (CAF), defined under Section 2 of the Lease, is established as XX percent.

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

  • 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).

  • Common Area Factor: The Common Area Factor (CAF) is established as XX percent.

  • A Common Area Factor (CAF) of between 10% and 15% is typical for commercial office buildings and facilities and can be up to 35% in federally owned facilities.

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

  • It is also known as the Common Area Factor or the Loss Factor.Definitions Finished Surface: A wall, ceiling, or floor surface, including glass, as prepared for tenant use, excluding the thickness of any special surfacing materials such as paneling, furring strips and carpet.

  • Block 11 Common Area Factor - (CAF) The Offeror must provide the Common Area Factor (a conversion factor(s) determined by the building owner and applied by the Offeror to the NUSF to determine the rentable square feet for the offered space).


More Definitions of Common Area Factor

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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Related to Common Area Factor

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

  • Rentable Area when applied to the Premises, is that area equal to the usable area of the Premises, plus an equitable allocation of Rentable Area within the Building that is not then utilized or expected to be utilized as usable area, including that portion of the Building devoted to corridors, equipment rooms, restrooms, elevator lobby, atrium and mailroom.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Gross Floor Area means the total floor area, measured between the outside of exterior walls or between the outside of exterior walls and the centre line of party walls dividing the building from another building, of all floors above the average level of finished ground adjoining the building at its exterior walls;