Measurement of Rentable Area Clause Samples

Measurement of Rentable Area. Prior to the Lease commencement date, the Lessor shall provide to the Tenant confirmation of the measurement of the rentable area of the Premises from its architect, engineer or designer, and the net rent and Additional Rent shall be adjusted accordingly, if necessary. It is understood and agreed that the rentable area of the Premises shall be measured from the outside of all exterior walls and the centre line of all demising walls.
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Measurement of Rentable Area. In respect to measurement of rentable area of the Building or Premises or any expansion area added to the Premises, if any, pursuant to the terms of this Lease, Landlord shall first determine the useable area and rentable area of each floor (using the BOMA measurement standard ANSI-BOMA 265.1-1996). The Landlord shall add the (i) total rentable area of the Building, and (ii) the total useable area as determined for each floor measured using the aforementioned standard and then divide (i) by (ii) to determine the building rentable/useable factor (“Factor”). Finally, for each floor of the Premises, Landlord shall multiply Tenant’s useable area by the Factor to determine Tenant’s rentable square foot area for each floor. The total of said rentable square foot area for each floor of the Premises shall be deemed to be the rentable square foot area of the Premises, subject to change pursuant to Section 2.02 D herein. The same methodology shall be utilized to determine and/or adjust the total Building rentable area and usable area.
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Measurement of Rentable Area. In respect to measurement of rentable area of the Building or Premises or any expansion area added to the Premises, if any, pursuant to the terms of this Lease, Landlord shall first determine the useable area and rentable area of each floor (using the BOMA measurement standard ANSI-BOMA 265.1 - 1996). The Landlord shall add the (i) total rentable area of the Building, and (ii) the total useable area as determined for each floor measured using the aforementioned standard and then divide (i) by (ii) to determine the building rentable/useable factor ("Factor"). Finally, for each floor of the Premises, Landlord shall multiply Tenant's useable area by the Factor to determine Tenant's rentable square foot area for each floor. The total of said rentable square foot area for each floor of the Premises shall be deemed to be the rentable square foot area of the Premises, subject to change pursuant to Section 2.02 D herein. The same methodology shall be utilized to determine and/or adjust the total Building rentable area and usable area. EXHIBIT "A" PREMISES EXHIBIT "B" LEGAL DESCRIPTION ▇▇▇ ▇, ▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇▇▇ Addition, according to the recorded plat thereof, and situate in Hennepin County, Minnesota. In the event Landlord exercises its right to relocate the Tenant Premises into the Phase II Building. The legal description shall be replaced with the following: ▇▇▇ ▇, ▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇▇▇ Addition, according to the recorded plat thereof, and situate in Hennepin County, Minnesota. Landlord shall have the right to replat or otherwise modify the plat of Block 3 Cloverleaf Addition necessary in its reasonable discretion to develop ▇▇▇ ▇, ▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇. ▇▇▇▇▇▇▇ "▇" SITE PLAN EXHIBIT C BUILDING RULES AND REGULATIONS
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Related to Measurement of Rentable Area

  • 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.

  • Calculation of Rent All calculation of Rent payable hereunder shall be computed based on the actual number of days elapsed over a year of three hundred sixty (360) days or, to the extent such Rent is based on the Prime Lending Rate, three hundred sixty-five (365) (or three hundred sixty-six (366), as applicable) days.

  • Adjustment of Rent Lessee and Lessor agree that the payments and allocations of Basic Rent, Stipulated Loss Values, Stipulated Loss Amounts, Termination Values and Termination Amount percentages and the Early Purchase Price shall be adjusted to the extent provided in Section 2.6 of the Participation Agreement.

  • 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.