Gross Leasable Area definition

Gross Leasable Area means the total leasable square footage of buildings situated on Real Properties, excluding the square footage of any department stores.

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Gross Leasable Area means the gross leasable floor area of any building(s) which the Owner is entitled to erect on his land in terms of the Scheme;

Gross Leasable Area as used herein, shall be deemed to mean and include all fully enclosed areas for the exclusive use and occupancy by occupant, measured from the exterior surface of exterior walls (and from the extensions thereof, in the case of openings), including warehousing or storage areas, clerical or office areas, mezzanines or the second levels of any spaces and employee areas. “Gross Leasable Area” shall not include docks, areas for truck loading and unloading nor any utility and/or mechanical equipment vaults or rooms (to the extent such facilities lie outside exterior building lines). Anything to the contrary notwithstanding, in the event Landlord or his designated agent do not maintain the entire common area in the Development, then and in that event, for the length of time such condition may exist, Landlord’s responsibility shall only be towards the maintenance and repair of those portions of the Common Area not maintained by others, and the “expense in connection with said common areas” shall only refer to such areas maintained by Landlord. In this event, Tenant’s proportionate share of the expenses shall be determined on the basis of the proportion of such expenses which the number of square feet of gross leasable area in the Demised Premises bears to the total number of square feet of gross leasable area of buildings in the entire Development which are from time to time completed and occupied as of the commencement of each calendar year, exclusive of the area occupied and maintained by others.

Examples of Gross Leasable Area in a sentence

• The term “Tenant’s Share” shall mean the percentage obtained by dividing Tenant’s Gross Leasable Area by the Building Gross Leasable Area, which as of the Effective Date is the percentage identified in Section G of the Summary.

• Maintenance Charges for the maintenance services shall be calculated prorata of Gross Leasable Area of Demised Premises to the gross leasable area of Property.

• If not separately metered, Tenant shall pay its allocable portion based upon the ratio between the Premises Gross Leasable Area and the total gross leasable square feet of space served by the common utility.

• Tenant’s Proportionate Share of Operating Costs and Tenant’s Proportionate Share of Real Estate Taxes shall be increased in proportion to the Gross Leasable Area following the Second Additional Premises Commencement Date and the Third Additional Premises Commencement Date.

• The term "Tenant's Share" shall mean the percentage obtained by dividing Tenant's Gross Leasable Area by the Building Gross Leasable Area, which as of the Effective Date is the percentage identified in Section G of the Summary.

More Definitions of Gross Leasable Area

Gross Leasable Area means the rentable area of a Qualified Project as calculated pursuant to the measuring standards of the Project. This standard will be defined in the lease for tenant applicants. The rentable area measures the tenant’s pro rata portion of the entire office floor, including public corridors, restrooms, janitor closets, utility closets and machine rooms used in common with other tenants, but excluding elements of the building that penetrate through the floor to areas below. The rentable area of a floor is fixed for the life of a building and is not affected by changes in corridor sizes or configuration.

Gross Leasable Area means the number of square feet of the Building. Increase Date: fifth (5th) anniversary of the Commencement Date, and every five (5) years thereafter, including Renewal Terms. Increase Percentage: ten percent (10%).

Gross Leasable Area. The actual number of square feet of floor space of premises occupied exclusively by any tenant or other Occupant of the Building, measured to the exterior faces of exterior walls and to the center lines of walls dividing tenants' premises, or to lease lines established by Landlord.

Gross Leasable Area means the floor area of a building, plus the horizontal area contained within the exterior of the basement walls, excluding the floor areas of mechanical and utility rooms, public washrooms, stairwells, and elevators;

Gross Leasable Area. - means the total floor area of the building contained within the outside surface of the exterior and basement wall, but excludes mechanical and utility rooms, public washrooms, and stairwells;

Gross Leasable Area shall have the meaning ascribed to the term in Annexure T-I.

Gross Leasable Area means the aggregate floor area (expressed in square meters or square feet), from time to time as reasonably and consistently, determined by the Landlord's Architect of all premises leased to or intended and suitable to be leased to tenants and located within the area to which the measurement is being applied said measurement to be in accordance with BOMA standard as updated June 7, 1996.