Floor Area of Premises Sample Clauses

The 'Floor Area of Premises' clause defines the specific measurement of the usable or leasable space within a property as recognized in the lease or contract. This clause typically outlines how the floor area is calculated, such as whether it includes common areas, storage, or only the interior usable space, and may reference industry standards or measurement methods. Its core practical function is to ensure both parties have a clear, agreed-upon understanding of the size of the premises, which is crucial for determining rent, maintenance obligations, and other rights or responsibilities tied to the property's dimensions.
POPULAR SAMPLE Copied 1 times
Floor Area of Premises. Approximately 11,200 square feet of floor area (Section 18.02)
View Source
Floor Area of Premises. One thousand two hundred sixty-four (1,264) square feet. (Article 2)
View SourceView Similar (3)
Floor Area of Premises approximately 9,209 rentable square feet (Landlord and Tenant stipulate and agree that the Floor Area of Premises is correct). Floor Area of Building: approximately 134,497 rentable square feet
View SourceView Similar (14)
Floor Area of Premises approximately 6,942 rentable square feet (comprised of approximately 4,371 rentable square feet for Suite 200 and approximately 2,571 rentable square feet for Suite 280) Floor Area of Building: approximately 98,954 rentable square feet 9. Security Deposit: $32,530.21
View SourceView Similar (3)
Floor Area of Premises. The rentable area is ±7,850 square feet as depicted on Exhibit A.
View SourceView Similar (2)
Floor Area of Premises. For purposes of this Lease, the square footage of the Building shall be the actual square footage, as set forth in this Article I, but shall not include any floor area contained in any mezzanine space, loft, or basement located within the Building, or any exterior loading dock or outdoor storage area.
View Source
Floor Area of Premises. For purposes of this Lease, the square footage of the Premises shall be the actual square footage, as determined pursuant to this Section 1.2, but in no event shall the floor area be greater than 23,750 square feet for the purposes of this Lease. After the Fixture Date (defined in Section 6.2 below), Tenant, at its option and expense (unless the measurement over three percent (3%) more than the floor area set forth in Section above, in which case Landlord shall bear the cost of measurement), may measure the Premises and certify to Landlord the correct dimensions of the Premises, which shall be subject to verification by Landlord. All sidewall mezsuremente shall be fron the outside of exterior walls and the center of interior walls. All depth measurements shall be from the outside of the front and rear walls. If Tenant's measurements reveal a floor area which different from the floor area provided for Section above, Landlord shall have the option of: (a) Accepting Tenant's measurements; or (b) Having the space measured by an independent architect mutually acceptable to Landlord and Tenant, at Landlord's expense (unless the measurement is over three Upon the determination of the actual floor area of the Premises, the minimum rent and all other charges payable by Tenant hereunder shall be adjusted to reflect the floor area of the Premises, subject to this Section 1.2 but in no event shall the Premises be deemed to be more than 23,750 square feet for the purposes of this Lease.
View Source

Related to Floor Area of Premises

  • Rentable Area 6.1. The term “Rentable Area” shall reflect such areas as reasonably calculated by Landlord’s architect, as the same may be reasonably adjusted from time to time by Landlord in consultation with Landlord’s architect to reflect changes to the Premises, the Building or the Project, as applicable.

  • Square Footage Buyer acknowledges that the square footage of the Property has not been measured by Seller, Seller’s broker or its auctioneer (including the square footage of the lot and home) and the square footage quoted on any marketing tools such as advertisements, brochures, MLS data, the auction website and any other information provided is based on information supplied to Seller and is deemed approximate and not guaranteed. Buyer further acknowledges that Buyer has not relied upon any such marketing tool and that such tools are not representations and/or warranties of Seller or its agent.

  • Expansion of Premises (a) Effective as of the Expansion Date the Premises (and the definition of the “Premises”) shall be modified to mean and include both the Initial Premises and the Expansion Premises. As a result of such expansion, effective upon the Expansion Date, the deemed square footage of the Premises shall be and become 31,684 square feet and Tenant’s Prorata Share and Tenant’s Share of Expenses and Real Estate Taxes shall be one hundred percent (100.00%). (b) If Landlord, for any reason whatsoever, cannot deliver possession of the Expansion Premises to Tenant on before August 1, 2012 for the purpose specified in Section 3(c), this Amendment shall not be void or voidable, Landlord shall not be liable to Tenant for any loss or damage resulting therefrom, and Tenant shall have no obligation to pay monthly Base Rent or Additional Charges with respect to the Expansion Premises until the day following the date on which possession of the Expansion Premises is delivered to Tenant (such date thereupon becoming the “Expansion Date” for purposes of this Amendment). Notwithstanding the foregoing, if Landlord is unable to deliver the Expansion Premises by August 1, 2012 (as extended day-for-day for each day of Force Majeure Delay) (the “Expansion Premises Outside Delivery Date”), then Tenant shall have the right, as its sole remedy, to terminate this Amendment to Lease by providing written notice to Landlord within fifteen (15) business days following the Expansion Premises Outside Delivery Date, in which event the Lease shall continue in full force and effect as if the parties had not entered into this Amendment and Landlord shall promptly return to Tenant the August, 2012 Base Rent for the Expansion Premises paid by Tenant pursuant to the provisions of Section 6(d). For purposes hereof, the failure of the existing tenant of the Expansion Premises to vacate the Expansion Premises shall not be an event of Force Majeure Delay. (c) Notwithstanding the above, Tenant shall be entitled to early occupancy of the Expansion Premises at any time after the Expansion Premises Delivery Date for the sole purposes of (1) installing Tenant’s furniture and telephone and other communications cabling and (2) performing Tenant’s Expansion Work (defined below), provided that (i) Tenant covenants and agrees that Tenant and Tenant’s employees, agents or contractors will cooperate with Landlord to coordinate the performance and completion of the Landlord’s Expansion Work concurrently with Tenant’s Expansion Work, (ii) Landlord shall have no liability to Tenant for delays in completing the Landlord’s Expansion Work which result from, are caused by or arise out of the interference by Tenant or Tenant’s employees, agents or contractors in the performance of the Landlord’s Expansion Work, (iii) Tenant and Tenant’s employees, agents and contractors shall promptly comply with any and all requests made by Landlord or Landlord’s contractor(s) that Tenant remove its property from those areas in or around which Landlord is performing the Landlord’s Expansion Work, and (iv) Landlord shall not be liable for, Tenant hereby waives all claims which Tenant may have against the Landlord Parties, and Tenant shall indemnify and hold harmless Landlord from and defend Landlord against any and all claims or liability for any injury or damage to any person or property in or about the Expansion Premises resulting from or arising out of or in connection with the performance of Tenant’s Expansion Work (except to the extent arising from the negligence or willful misconduct of Landlord). Tenant’s early occupancy of the Expansion Premises for the sole purpose provided in this Section shall be subject to all of the terms and conditions of the Lease, provided that (x) the Premises shall not include the Expansion Premises until the Expansion Date, and (y) Tenant shall not be obligated to pay monthly Base Rent or Additional Charges with respect to the Expansion Premises for the period from the Expansion Premises Delivery Date until the Expansion Date. (d) Within five (5) business days after the Expansion Date, the parties shall execute a letter confirming the Expansion Date and certifying that Tenant has accepted delivery of the Premises, in form substantially similar to EXHIBIT “D” attached to the Lease (the “Expansion Date Memorandum”). Either party’s failure to request execution of, or to execute, the Expansion Date Memorandum shall not in any way alter the Expansion Date.

  • Lease of Premises Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises for the Term and upon the terms and conditions hereinafter set forth.

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.