Gross Leaseable Area definition

Gross Leaseable Area of the Buildings or any specified portion thereof means the aggregate, from time to time, of the Floor Areas of all interior leaseable areas in the Buildings or any specified portion thereof.

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Gross Leaseable Area. - means the total floor area of the building contained within the outside surface of the exterior and basement wall, but excludes mechanical and utility rooms, public washrooms, and stairwells;

Gross Leaseable Area. 7,200 square feet.

Examples of Gross Leaseable Area in a sentence

The minimum commercial area in the Town Centre is to be 2 000m2 Gross Leaseable Area (measured in accordance with the BOMA method of measurement).
In the event that (i) Tenant shall fail to give notice of its exercise of its option to terminate within such period or (ii) if the buildings and improvements on the Demised Premises shall not be damaged to the extent of more than seventy-five percent (75%) of this Gross Leaseable Area, then, Tenant shall, subject to the other provisions of this Section 11, cause the same to be repaired, replaced or rebuilt at its own cost and expense as herein provided.
Limited neighborhood scale office & retail not to exceed 25,000 s.f. of Gross Leaseable Area (GLA).
In addition to all direct expenses relating to the Leased Premises, the Tenant shall be responsible, from the date of occupancy forward through the whole term of the Lease, for the Tenant's pro rata share, hereafter called additional rent, based upon the Gross Leaseable Area of the building, of all taxes, levies, assessments, charges and expenses or outlays of any nature whatsoever, in connection with or attributable to the Leased Premises (presently estimated to be $8.82/sq.
When used herein, “pro rata share” shall mean a fraction having the total square footage of the Premises as its numerator and its denominator the total Gross Leaseable Area of the Center.
Section 3.1 - Base Rent - The Tenant shall pay as Base Rent the sum of $25.00 per square foot of Gross Leaseable Area plus GST without deduction or set-off, yearly and every year during the Term, as Base Rent, All Rent is payable in Canadian dollars in advance, on the FIRST (1ST) day of each and every month during the Term (commencing June 1, 2006).
In the event that (i) Tenant shall fail to give notice of its exercise of its option to terminate within such period or (ii) if the buildings and improvements on the Demised Premises shall not be damaged to the extent of more than fifty percent (50%) of this Gross Leaseable Area, the, Tenant shall, subject to the other provisions of this Section 8, cause the same to be repaired, replaced or rebuilt at its own cost and expense as herein provided.
If part or all of the Leased Premises is, in the opinion of the Architect, not usable for the purposes contemplated by this Lease because of the damage or destruction, Minimum Rent, Percentage Rent, and, to the extent that the Landlord specifically receives insurance proceeds for it, Additional Rent will ▇▇▇▇▇ during the abatement period on a pro-rated basis for the Gross Leaseable Area of the unusable part of the Leased Premises.

More Definitions of Gross Leaseable Area

Gross Leaseable Area. - means the total floor area of the building contained within the outside surface of the exterior and basement walls, and includes enclosed and heated malls but excludes mechanical and utility rooms, public washrooms, stairwells and elevators;

Gross Leaseable Area shall not include docks, areas for truck loading and unloading nor any utility and/or mechanical equipment vaults or rooms (to the extent such facilities lie outside exterior building lines). Anything to the contrary notwithstanding, in the event Landlord or his designated agent do not maintain the entire Common Areas, then and in that event, for the length of time such condition may exist, Landlord's responsibility shall only be towards the maintenance and repair of those portions of the Common Area not maintained by others, and the "expense in connection with said Common Areas" shall only refer to such areas maintained by Landlord. In this event, Tenant's proportionate share of the expenses shall be determined on the basis of the proportion of such expenses which the number of square feet of gross leasable area in the Premises bears to the total number of square feet of gross leasable area of buildings in the entire Development which are from time to time completed as of the commencement of each calendar year, exclusive of the area occupied and maintained by others.

Gross Leaseable Area means the aggregate floor area (expressed in square meters or square feet), from time to time, determined by the Landlord's Architect of all premises leased to or intended to be leased to tenants and located within the area to which the measurement is being applied.