Leasable Area definition
Leasable Area means with respect to any rentable premises, the area expressed in square feet of all floor space including floor space of mezzanines, if any, determined, calculated and certified by the Landlord and measured from the exterior face of all exterior walls, doors and windows, including walls, doors and windows separating the rentable premises from enclosed Common Areas and Facilities, if any, and from the center line of all interior walls separating the rentable premises from adjoining rentable premises. There will be no deduction or exclusion for any space occupied by or used for columns, ducts or other structural elements;
Leasable Area means the leasable area of the building (or land in the case of land properties) in relation to each real estate or each real estate in trust and the figures stated refer to the area DHR believes is leasable as indicated in the relevant lease agreement or drawing of the building, etc. in relation to each real estate or each real estate in trust as of February 28, 2023. In the cases of each co-owned real estate or quasi co-owned trust beneficiary interests, the leasable area of the entire real estate multiplied by the ratio of co- ownership of the real estate or quasi co-ownership of the trust beneficiary interests in real estate held by DHR is provided.
Leasable Area means the leasable area of the building (or land in the case of land properties) in relation to each real estate or each real estate in trust and the figures stated refer to the area DHR believes is leasable as indicated in the relevant lease agreement or drawing of the building, etc. in relation to each real estate or each real estate in trust as of
Examples of Leasable Area in a sentence
Landlord shall have the right to terminate this Lease if, as a result of a taking by means of the exercise of the power of eminent domain (including a voluntary sale or transfer by Landlord to a condemnor under threat of condemnation), (i) all or any part of the Premises is so taken, (ii) more than 10% of the Building Leasable Area is so taken, or (iii) more than 50% of the Common Area is so taken.
The term “Tenant’s Share” shall mean the percentage obtained by dividing Tenant’s Gross Leasable Area by the Building Gross Leasable Area, which as of the Effective Date is the percentage identified in Section G of the Summary.
Maintenance Charges for the maintenance services shall be calculated prorata of Gross Leasable Area of Demised Premises to the gross leasable area of Property.
If not separately metered, Tenant shall pay its allocable portion based upon the ratio between the Premises Gross Leasable Area and the total gross leasable square feet of space served by the common utility.
Tenant’s Proportionate Share of Operating Costs and Tenant’s Proportionate Share of Real Estate Taxes shall be increased in proportion to the Gross Leasable Area following the Second Additional Premises Commencement Date and the Third Additional Premises Commencement Date.
More Definitions of Leasable Area
Leasable Area means with respect to any rentable premises, the area expressed in square feet of all floor space including floor space of mezzanines, if any, determined, calculated and certified by the Landlord and measured from the exterior face of all exterior walls, doors and windows, including walls, doors and windows separating the rentable premises from enclosed Common Areas and Facilities, if any, and from the center line of all interior walls separating the rentable premises, structures and parking area. from adjoining rentable premises. There will be no deduction or exclusion for any space occupied by or used for columns, ducts or other structural elements.
Leasable Area means with respect to any rentable premises, the area expressed in square feet of all floor space including floor space of mezzanines, if any, determined calculated and certified by the Landlord. [Emphasis added.]
Leasable Area means the total built up area of the Building and other structures developed on the Schedule Land for the Lessee, for which Rent will be payable by the Lessee, and as detailed in Schedule B;
Leasable Area. The gross leasable area ("Rentable Area") of the Premises, the Building and the Project, as set forth in the Summary, shall be binding on Landlord and Tenant. If one or more additional Buildings are constructed in the Project, or changes are made in the Rentable Area of one or more of the Buildings in the Project, Landlord shall cause the Rentable Area to be remeasured effective as at the commencement of any period to which the calculation is applicable in this Lease. Upon any such event, Landlord's architect shall remeasure the Project, the Building and/or the Premises, as becomes necessary, such measurement to be in accordance with the most recent "Standard Method for Measuring Floor Area in Office Buildings" adopted by the Building Owners and Managers Association International and Landlord shall provide Tenant with written notification of such measurements. Thereupon, Base Monthly Rent, Tenant's Share, and/or any other items that are determined in this Lease based upon the square footage of the Premises or the Project shall be appropriately increased or decreased, as the case may be, and the parties shall execute an amendment to this Lease to commemorate the corrected measurements, Base Monthly Rent, and/or Tenant's Share, as the case may be.
Leasable Area means the area of the Building expressed in square feet measured from (a) the exterior face of exterior walls, doors, and windows; (b) the exterior face of interior walls, doors, and windows, separating the Building from Common Elements, if any; (c) the center line of interior partition walls separating the Building from adjoining leasable premises, all as determined by the Landlord’s consultant. Leasable Area of the Building includes interior space even if it is occupied by projections, structures or columns (which may even be Common Elements).
Leasable Area means with respect to any rentable premises, the area expressed in square feet of all floor space determined, calculated and certified by the Landlord and measured from the interior face of all interior walls, doors and windows, including walls, doors and windows separating the rentable premises form enclosed Common Areas and Facilities, if any, and from the centre line of all interior walls separating the rentable premises form adjoining rentable premises. There will be no deduction or exclusion for any space occupied by or used for columns, ducts or other structural elements. The green space on the lot and on the adjacent lot owned by the Landlord are also included in the Leasable Area;
Leasable Area means the aggregate of the areas specified in the Lease Summary in Section 1.1;