Usable Square Footage definition
Examples of Usable Square Footage in a sentence
Said proportional abatement shall be based on the Usable Square Footage of the Premises that cannot and is not actually used by Tenant, divided by the total Usable square feet contained in the Premises.
Said proportional abatement shall be based on the Usable Square Footage of the Premises that cannot and is not actually used by Tenant, divided by the total Usable square feet contained in the Premises but shall be one hundred percent (100%) if the amount of the damage is partial and the remaining of the usable portion of the Premises would preclude Tenant's utilization of the Premises for the Specified Use and Tenant actually vacates the Premises.
For purposes of this Lease, "Rentable Area," "Rentable Square Feet," "Rentable Square Footage," "Usable Area," "Usable Square Feet," and "Usable Square Footage" shall be calculated under the Building Owners and Managers Association International standards ( BOMA) or gross measurement of exterior wall to wall.
The Real Estate Board of New York (REBNY) method of measurement shall be used to determine Usable Square Footage.
You must understand the difference between the following types of space: Usable Square Footage – The number of square feet designated for the tenant’s use only.