Gross Leaseable Area definition

Gross Leaseable Area of the Buildings or any specified portion thereof means the aggregate, from time to time, of the Floor Areas of all interior leaseable areas in the Buildings or any specified portion thereof.
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Gross Leaseable 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;
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Gross Leaseable Area. - means the total floor area of the building contained within the outside surface of the exterior and basement walls, and includes enclosed and heated malls but excludes mechanical and utility rooms, public washrooms, stairwells and elevators;
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Examples of Gross Leaseable Area in a sentence

  • In the event that (i) Tenant shall fail to give notice of its exercise of its option to terminate within such period or (ii) if the buildings and improvements on the Demised Premises shall not be damaged to the extent of more than seventy-five percent (75%) of this Gross Leaseable Area, then, Tenant shall, subject to the other provisions of this Section 11, cause the same to be repaired, replaced or rebuilt at its own cost and expense as herein provided.

  • The Mills Corporation Summary of Properties Under Construction Name/Location Discover Mills Atlanta, GA Atlanta Colorado Mills Lakewood, CO Denver (1)Anticipated Opening Dates, Approximate Gross Leaseable Area and Estimated Aggregate Project Cost are subject to adjustment as a result of factors inherent in the development process, some of which may not be under the direct control of the Company.

  • The Congress Center Property, which was acquired on January 9, 2003, is a 16-story Class A office building with 525,000 square feet of Gross Leaseable Area, or GLA.

  • Operating and Other Data Office Lease Expirations As of January 31, 2004 Office Lease Expirations (%) *GLA = Gross Leaseable Area.

  • In the event the Landlord shall contest the County Tax Assessor's assessments upon the demised premises and the land under the demised premises, Tenant shall, upon demand pay to the Landlord a pro-rata share of all legal and other expenses incurred in contesting the same, Tenant's pro-rata share to be in the ratio that the total Gross Leaseable Area of the demised premises bears to the total area of Project.

  • Section 3.1 - Base Rent - The Tenant shall pay as Base Rent the sum of $25.00 per square foot of Gross Leaseable Area plus GST without deduction or set-off, yearly and every year during the Term, as Base Rent, All Rent is payable in Canadian dollars in advance, on the FIRST (1ST) day of each and every month during the Term (commencing June 1, 2006).

  • In addition to all direct expenses relating to the Leased Premises, the Tenant shall be responsible, from the date of occupancy forward through the whole term of the Lease, for the Tenant's pro rata share, hereafter called additional rent, based upon the Gross Leaseable Area of the building, of all taxes, levies, assessments, charges and expenses or outlays of any nature whatsoever, in connection with or attributable to the Leased Premises (presently estimated to be $8.82/sq.

  • Tenant's pro-rata share shall be determined by the ratio Tenant's Gross Leaseable Area, including storage, office and mezzanine areas bears to all Gross Leasable Areas in the portion of the Project assessed.

  • In the event that (i) Tenant shall fail to give notice of its exercise of its option to terminate within such period or (ii) if the buildings and improvements on the Demised Premises shall not be damaged to the extent of more than fifty percent (50%) of this Gross Leaseable Area, the, Tenant shall, subject to the other provisions of this Section 8, cause the same to be repaired, replaced or rebuilt at its own cost and expense as herein provided.

  • PERCENTAGE 5.00% of Gross Revenue, less the aggregate of RENT the Artificial Gross Rent and the amount of Realty Taxes (other than any Initial Business Tax Component) Payable by tenant under section 3.3, all as provided under section 3.2. For the purpose of this key data item 11 and section 3.2, the "Artificial Gross Rent "means $33.00 per square foot per annum of the Gross Leaseable Area of the Store.


More Definitions of Gross Leaseable Area

Gross Leaseable Area. 7,200 square feet.
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Gross Leaseable Area means the aggregate floor area (expressed in square meters or square feet), from time to time, determined by the Landlord's Architect of all premises leased to or intended to be leased to tenants and located within the area to which the measurement is being applied.
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Gross Leaseable 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 Areas, 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 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 as of the commencement of each calendar year, exclusive of the area occupied and maintained by others.
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Related to Gross Leaseable Area

  • 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;

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Basal area means the effective surface area available to transmit the treated effluent from the filter media in a mound system into the in-situ receiving soils. The perimeter is measured at the interface of the imported fill material and in-situ soil. On sloping sites, only the area down-gradient from the up-slope edge of the distribution media may be included in this calculation.

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

  • Urban renewal area means a slum area or a blighted area or a combination thereof which the municipality designates as appropriate for an urban renewal project.

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Built-Up Area and/or “Covered Area” in relation to a Flat shall mean the floor area of that Flat including the area of balconies and terraces, if any attached thereto, and also the thickness of the walls (external or internal) and the columns and pillars therein Provided That if any wall, column or pillar be common between two Flats, then one-half of the area under such wall column or pillar shall be included in the built-up area of each such Flat.

  • Gross Rents means the actual sum of money or other consideration payable for the use or possession of property. "Gross rents" shall include, but not be limited to:

  • Operating Expenses shall include all costs to the Lessor of operating and maintaining the Premises, and shall include, without limitation, real estate and personal property taxes and assessments, management fee(s), heating, air conditioning, HVAC, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Premises and related parking areas, unless expressly excluded from operating expenses.

  • the LA area means the area in respect of which is the local authority.