Rentable Areas Sample Clauses
The 'Rentable Areas' clause defines how the total area of a leased property is measured for the purposes of calculating rent and other charges. Typically, this clause outlines the method used to determine the square footage, such as including common areas or only the tenant's exclusive space, and may reference industry standards or specific measurement practices. By clearly specifying what constitutes the rentable area, this clause ensures transparency and consistency in rent calculations, preventing disputes between landlords and tenants over space measurements.
Rentable Areas. The Rentable Areas of the Premises and the Building as specified in Section 1 are final, conclusive and controlling for all purposes. A portion of the Building common areas is included in the Rentable Area of the Premises.
Rentable Areas. The Rentable Area of the Building is 198,374 RSF. The Rentable Area of the Premises is 7,276 RSF. Rentable Areas of the Premises and the Building are final, conclusive and controlling for all purposes.
Rentable Areas. For purposes of establishing the initial Building Expense Percentage, Project Expense Percentage and Basic Annual Rent as shown in Items 4(c)(i) and 4(c)(ii) of the Basic Lease Provisions, the Rentable Area of the Premises is deemed to be as set forth in Item 1(a) of the Basic Lease Provisions, and the Rentable Areas of the Building and the Project are deemed to be 158,785 and 515,000 square feet, respectively. Prior to the Commencement Date, and from time to time thereafter at Landlord's option, Landlord's architect shall determine and certify in writing to Tenant and Landlord the actual Rentable Area of the Premises, the Building and the Project, respectively, which such determinations and certifications shall be conclusive, and thereupon Tenant's Building Expense Percentage, Project Expense Percentage and Basic Annual Rent shall be adjusted accordingly. EXHIBIT "A-3" 34 TENANT IMPROVEMENT ALLOWANCE MEMORANDUM In addition to the mutual covenants contained in the Lease, Landlord and Tenant further mutually agree as follows:
Rentable Areas. The parties hereby stipulate that the Premises and the Building contain the rentable square feet set forth in Items 6.1 and 6.2 of the Summary and such square footage amount is not subject to adjustment or remeasurement under this Lease. The square footage figures contained in this Lease shall be final and binding on the parties.