Leasable Area means with respect to any rentable premises, the area expressed in square feet of all floor space including floor space of mezzanines, if any, determined, calculated and certified by the Landlord and measured from the exterior face of all exterior walls, doors and windows, including walls, doors and windows separating the rentable premises from enclosed Common Areas and Facilities, if any, and from the center line of all interior walls separating the rentable premises from adjoining rentable premises. There will be no deduction or exclusion for any space occupied by or used for columns, ducts or other structural elements;
Leasable Area means with respect to any rentable premises, the area expressed in square feet of all floor space including floor space of mezzanines, if any, determined, calculated and certified by the Landlord and measured from the exterior face of all exterior walls, doors and windows, including walls, doors and windows separating the rentable premises from enclosed Common Areas and Facilities, if any, and from the centre line of all interior walls separating the rentable premises from adjoining rentable premises. There will be no deduction or exclusion for any space occupied by or used for columns, ducts or other structural elements;
Leasable Area means the leasable area of the building (or land in the case of land properties) in relation to each real estate or each real estate in trust and the figures stated refer to the area DHR believes is leasable as indicated in the relevant lease agreement or drawing of the building, etc. in relation to each real estate or each real estate in trust as of August 31, 2024. In the cases of each co-owned real estate or quasi co-owned trust beneficiary interests, the leasable area of the entire real estate multiplied by the ratio of co- ownership of the real estate or quasi co-ownership of the trust beneficiary interests in real estate held by DHR is provided.
Examples of Leasable Area in a sentence
Formula: (Net Monthly Rent X 12) ÷ Leasable Area = Rent Per Sq Ft Per YearNet Monthly Rent: The monthly base amount paid for the use of the property.
Landlord shall have the right to terminate this Lease if, as a result of a taking by means of the exercise of the power of eminent domain (including a voluntary sale or transfer by Landlord to a condemnor under threat of condemnation), (i) all or any part of the Premises is so taken, (ii) more than 10% of the Building Leasable Area is so taken, or (iii) more than 50% of the Common Area is so taken.
Community Shopping Center The general characteristics of Community Shopping Centers are described by the following standards: Typical Site Area 10-25 acresGross Leasable Area (GLA) 100,000 to 300,000 sq.
Price $1,115,000Gross Leasable Area 8,670 SF Property Sub-type Storefront Broker Information Brian DApice(978) 762-9771Status ActiveLoopNet ID 12491686Property NotesListing's Link: https://www.loopnet.com/listing/12491686 Sale NotesThe Beverly Glass Building is situated in the heart of downtown Beverly and with underground parking in place, presents an opportunity to re-develop existing into a new mixed-use development.
Regional Shopping Center The general characteristics of Regional Shopping Centers are described by the following standards: Typical Site Area 30-50 acres or moreGross Leasable Area (GLA) 300,000-1,000,000 sq.
More Definitions of Leasable Area
Leasable Area means the leasable area of the building (or land in the case of land properties) in relation to each real estate or each real estate in trust and the figures stated refer to the area DHR believes is leasable as indicated in the relevant lease agreement or drawing of the building, etc. in relation to each real estate or each real estate in trust as of
Leasable Area means with respect to any rentable premises, the area expressed in square feet of all floor space including floor space of mezzanines, if any, determined calculated and certified by the Landlord. [Emphasis added.]
Leasable Area means with respect to any rentable premises, the area expressed in square feet of all floor space including floor space of mezzanines, if any, determined, calculated and certified by the Landlord and measured from the exterior face of all exterior walls, doors and windows, including walls, doors and windows separating the rentable premises from enclosed Common Areas and Facilities, if any, and from the center line of all interior walls separating the rentable premises, structures and parking area. from adjoining rentable premises. There will be no deduction or exclusion for any space occupied by or used for columns, ducts or other structural elements.
Leasable Area means the total built up area of the Building and other structures developed on the Schedule Land for the Lessee, for which Rent will be payable by the Lessee, and shall be determined in the manner detailed in Annexure 3;
Leasable Area. The Leasable Area of any Building upon the Premises shall be the entire area (inclusive of all floors/stories) within any Building, being the area bounded by: i) the outside extremities of all exterior walls (or exterior plate glass); ii) the interior ceiling surface of the room(s) of the uppermost floor(s); and iii) the interior top surface of the lowermost floor(s);, without deduction for any interior areas such as corridors, stairways, escalators, elevators, restrooms, mechanical rooms, electrical rooms, telephone closets, vertical penetrations of the floors, columns, or any other structural portions situated in any such Building, but excluding any attics and/or other areas between the ceiling(s) of uppermost rooms and the roof surface of a Building, and also excluding any basement areas and so-called crawl spaces as may be vacant or only used for mechanical equipment and/or storage by Tenant (and not other third parties) of items appurtenant or reasonably necessary to the operation or maintenance of the Building .
Leasable Area. The gross leasable area ("Rentable Area") of the Premises, the Building and the Project, as set forth in the Summary, shall be binding on Landlord and Tenant. If one or more additional Buildings are constructed in the Project, or changes are made in the Rentable Area of one or more of the Buildings in the Project, Landlord shall cause the Rentable Area to be remeasured effective as at the commencement of any period to which the calculation is applicable in this Lease. Upon any such event, Landlord's architect shall remeasure the Project, the Building and/or the Premises, as becomes necessary, such measurement to be in accordance with the most recent "Standard Method for Measuring Floor Area in Office Buildings" adopted by the Building Owners and Managers Association International and Landlord shall provide Tenant with written notification of such measurements. Thereupon, Base Monthly Rent, Tenant's Share, and/or any other items that are determined in this Lease based upon the square footage of the Premises or the Project shall be appropriately increased or decreased, as the case may be, and the parties shall execute an amendment to this Lease to commemorate the corrected measurements, Base Monthly Rent, and/or Tenant's Share, as the case may be.
Leasable Area applied to premises set aside by the Landlord for leasing to a tenant of the Building, means the area expressed in square feet, as determined and certified by a B.C. Land Surveyor or other qualified professional selected by the Landlord, of the premises, measured from the centre line of all walls separating the premises from adjacent leasable premises and from the exterior surfaces of exterior walls, without deduction for any space occupied or used for columns, stairs, or other interior construction or equipment, but if part of a wall or the front of the premises is recessed from the line of the building or the line of a wall of the building, as the case may be, in which the premises are situate, the last-mentioned lines are considered to be the outer surface of the outside walls of the premises.