Lettable Area definition

Lettable Area means a part of the Building designed or intended for letting or exclusive occupation (except in connection with the management of the Building), the boundaries of any Lettable Area being determined in the same manner as the boundaries of the Property under schedule 1;

Lettable Area means the area determined by the Landlord’s surveyor according to the method of measurement adopted for the time being by the Property Council of Australia, or any equivalent method of measurement the Landlord may nominate. Maintenance Obligations Matrix means the maintenance obligations matrix attached at Schedule 4.

Lettable Area means the lettable area of the relevant area measured in accordance with the method of measurement then adopted by the Property Council of Australia for buildings which are similar to the Premises.

Examples of Lettable Area in a sentence

• In the end of July 2016 the Company signed a non-binding Letter of Intent (“LOI”) with a global investment fund (the “Purchaser”) regarding the sale of the Torun Plaza and Suwałki Plaza shopping and entertainment centres in Poland (together the “Portfolio”).The Portfolio comprises a total of circa 60,000 sqm of Gross Lettable Area, of which Torun Plaza represents approximately 40,000 sqm and Suwalki Plaza approximately 20,000 sqm.

• DETAILS Current Proposal The proposal incorporates two buildings which have a Gross Floor Area (GFA) of approximately 7287.75m2 and a Net Lettable Area (NLA) of approximately 6434.5m2.

• We are particularly concerned to discover that there are abattoirs where both food animals are slaughtered and OTM cattle are culled.

• The shopping centre has a Gross Lettable Area (“GLA”) of 25 336 m2, is anchored by a 14 091 m2 Auchan hypermarket with a remaining lease term of 12 years, and consists of 78 other retail units.

• The Property sits on a freehold land area of 50,900 sqm (approximately 547,883 sqft), and has a total Gross Lettable Area (“GLA”) of 21,984 sqm (approximately 236,634 sqft) with 940 carpark lots.

More Definitions of Lettable Area

Lettable Area means the area calculated in accordance with the appropriate method of measurement published as at the Commencement Date by the Property Council of Australia for that type of premises.

Lettable Area means the area of the Demised Premises available as accommodation for the Specified Use calculated in accordance with the normal practice for assessing lettable areas of premises used for the Specified Use

Lettable Area means the total lettable area of the Premises (excluding the mezzanine area in the warehouse area of the Premises) (and where applicable, the Complex or any part of the Complex) calculated by the Landlord's surveyor (and apportioned where necessary between industrial and commercial/office uses in the Premises) using the principles for measurement contained in the PCA Method of Measurement for Lettable Area (March 1997) for lettable areas of industrial and if applicable commercial/office areas and treating the link between the warehouse and office areas of the Premises as warehouse/industrial area.

Lettable Area has the meaning given under the Lease. LIQUIDATION includes liquidation, official management, receivership, compromise, arrangement, amalgamation, administration, reconstruction, winding up, dissolution, assignment for the benefit of creditors, arrangement or compromise with creditors, bankruptcy or death.

Lettable Area means the area determined by the Landlord’s surveyor according to the method of measurement adopted for the time being by the Property Council of Australia, or any equivalent method of measurement the Landlord may nominate. Normal Business Hours means the hours stated in Item 14. Outgoings has the meaning given to that term in clause 7.2.

Lettable Area the accommodation on the Science Park available for letting.

Lettable Area means all parts of the Building not comprising Common Parts which from time to time are either occupied by the Landlord for the purposes of its business or by a tenant or tenants for office purposes or are so constructed or adapted as to be capable of being so occupied