Space Measurement Sample Clauses
The Space Measurement clause defines how the area of a leased or sold property is calculated for contractual purposes. Typically, it specifies the measurement standards to be used (such as BOMA or local codes), outlines whether common areas are included, and may detail procedures for resolving disputes over measurements. This clause ensures both parties have a clear, agreed-upon understanding of the property's size, thereby preventing misunderstandings or disputes regarding rent, purchase price, or other obligations tied to the space's dimensions.
Space Measurement. The measurement of leased space shall be based on the method of measurement used by the State University System for gross square feet as described in BOG Regulation 17.001.
Space Measurement. The calculation of all rentable and usable square feet and conversion factors shall be the same and consistent with the Building Owner and Refusal Space. If the prospective tenant desires to lease additional space covered by the statement in addition to the Right of First Refusal Space, Tenant must lease all space on such floor that the prospective tenant desires to lease if Tenant elects to lease the applicable Right of First Refusal Space.
Space Measurement. The Rentable Areas of the Leased Premises and the Building shall be as set forth in the Basic Lease Provisions. Landlord and Tenant have used (and shall use for purposes of any future determination) the American National Standard Method for ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇.▇-▇▇▇▇, as promulgated by the Building Owners and Managers Association ("BOMA") in determining the precise "Rentable Area" of the Leased Premises and the Building for all purposes of this Lease. In the event of any change in the Rentable Areas set forth in the Basic Lease Provisions by reason of expansion or contraction of the Leased Premises or the Building, Landlord shall certify such change to Tenant within thirty (30) days after such change becomes effective for purposes of this Lease. Tenant shall have ninety (90) days from its receipt of such certification to contest Landlord's calculation in a reasonable manner and fashion. Absent such contest being initiated in a timely manner, such certification shall be deemed correct for all proposes hereunder in the absence of manifest error. Upon final determination of the revised Rentable Area(s) Landlord and Tenant shall execute a supplement to this Lease setting forth the applicable Rentable Areas.
Space Measurement. The Premises leased by Tenant hereunder from time to time (including, without limitation, as of the Commencement Date and the Expansion Premises Commencement Date, and any Additional Space, to the extent applicable) and the Buildings within which any such Premises’ are located from time to time shall be measured in accordance with the Building Owners and Managers Association (BOMA) standard method of floor measurement (ANSI/BOMA 265.1-1996) for single and multi-tenanted buildings to define all building and floor measurements on both a rentable and useable basis.
Space Measurement. The RSF of the Premises is as set forth in Section 1.1 of the Lease and is not subject to re-measurement. The rentable square footage of the Premises has been determined in accordance with a modified form of the American National Standards Institute/Building Owners and Managers Association International (“ANSI/BOMA”) Form Z65.1-2010. Landlord may re-measure the Building from time to time and, upon Notice to Tenant Landlord’s new measurements shall be binding hereunder provided Landlord measures according to the same modified ANSI/BOMA standard or a more current modified ANSI/BOMA standard and further provided any such re-measurement shall not result in an increase in Base Rent or Additional Rent then set forth in this Lease for the balance of the then Term. As of the Lease Date, ▇▇▇▇▇▇’s Share for Taxes and Operating Expenses is ratio of the RSF of the Premises divided by the 1,193,458, the RSF of the Building excluding any storage areas and roof top areas. For so long as the Project shall contain non-office uses, Landlord shall have the right (but not the obligation) to determine in accordance with sound accounting and management principles, ▇▇▇▇▇▇’s Share of Operating Expenses and Taxes for only the office portion of the Building and Amenities, in which event, ▇▇▇▇▇▇’s Share shall be based on the ratio of the rentable square footage of the Premises to the rentable square footage of the such office portion of the Building and the Amenities. Tenant’s Share shall change when space is added to or deleted from the Premises, additional floors or other additions are added to the Building and if Landlord ceases to own a portion of the Building after a subdivision or vertical separation and Landlord no longer has responsibility for the Operating Expenses and Taxes for the portion not owned by Landlord.