Saleable Square Feet definition
Saleable Square Feet. The number of indoor net saleable square feet in a Residential Unit or other space, as measured from the exterior of the exterior walls, the middle of demising walls between Residential Units and to the public side of any common area walls, but excluding balconies, terraces, common hallways, common mechanical shafts, lobbies, loft space or “loft walls” and the structural walls and areas of exit stairs, elevator shafts, and other common areas. (One such saleable square foot is referred to in the singular as a “Saleable Square Foot”.)
Saleable Square Feet means the floor area exclusively allocated to a Market Rate Unit excluding balconies, patios, exterior storage units and other similar features as well as common areas such as staircases, lift shafts, lobbies and communal toilets. It shall be the area contained within the enclosing walls of the unit measured up to the exterior face of an external wall or the centerline of a separating wall between adjoining units, as the case may be. Enclosing walls separating a unit from a light well, a lift shaft or any similar vertical shaft, or a