Net Lettable Area definition

Net Lettable Area means the area of all floors within the internal finished surfaces of permanent walls but excludes the following areas —

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Net Lettable Area means the floor area in a building that is to be leased and in respect of which a rent is payable, which generally excludes common areas (such as corridors, public atrium and toilets) and areas used to accommodate building and property management facilities and services.

Net Lettable Area or “nla” means the area of all floors within the internal finished surfaces of permanent walls but does not include the following areas-

Examples of Net Lettable Area in a sentence

• The Business Innovation Space will be located within the three lowest floors of the commercial office tower (or another mutually agreed location) and will have a nominal Gross Floor Area (GFA) of 3,900m2 with a nominal Net Lettable Area (NLA) of 3,700m2 subject to development approvals.

• Property type Industrial Description A single storey warehouse and a double storey office building with a total Net Lettable Area measuring approximately 258,702 sq.ft.

• A double storey office and factory building with a total Net Lettable Area measuring approximately 35,236 sq.ft.

• A single storey warehouse and a four storey office building with a total Net Lettable Area measuring approximately 203,994 sq.ft.

• Industrial A single storey warehouse with annexed double storey office building (Block A), a single storey warehouse (Block B) and a single storey warehouse with annexed double storey office building (Block C); with a total Net Lettable Area measuring approximately 128,085 sq.ft.

More Definitions of Net Lettable Area

Net Lettable Area means the floor area (in square metres) calculated in accordance with the guidelines for the measurement of tenancy areas in enclosed commercial buildings, recommended by the PCA method of measurement applicable on the date of calculation. New Walkway means the new elevated walkway (including associated lighting and power services) which is to be constructed within the New Walkway Stratum and is shown as ‘New Walkway’ on the LLCQ Development Plans. New Walkway Stratum means the land which is shown as ‘New Walkway’ on the LLCQ Plan of Proposed Stratum. Occupation Certificate has the same meaning as in the Act. PCA means the Property Council of Australia Limited.

Net Lettable Area means the total areas within Office Tower A that are available and can be used exclusively by DCT. For the purpose of calculating the Purchase Price, the Net Lettable Area in excess of 5% of the initial estimated Net Lettable Area of 506,069 sq ft of Office Tower A shall be ignored.

Net Lettable Area means the area in the IR that is to be leased for retail purposes, excluding common areas such as corridors, lift shafts, fire escape, staircases and toilets, which said Net Lettable Area shall not, in any case, be less than 52,000 square metres;

Net Lettable Area or “nla” means the area of all floors within the internal finished surfaces of permanent walls but does not include the following areas – AMD 61 GG 14/11/14; AMD 80 GG 18/04/19

Net Lettable Area. (NLA) means the method by which commercial property is measured. The measurement is complex and is carried out by a survey according to the Property Council of Australia guidelines for measuring floor space in leased premises. The guidelines aim to provide consistency by documenting a defined approach to floor space measurement that is both practical and cost effective.

Net Lettable Area means the net lettable area of the Building calculated in accordance with the provisions of Clause 4

Net Lettable Area means the net lettable area as defined in the March 1997 edition of "Method of Measurement for Lettable Area" issued by the Property Council of Australia;