Lettable Area definition

Lettable Area means a part of the Building designed or intended for letting or exclusive occupation (except in connection with any Management Areas) the boundaries of any Lettable Area being determined in a substantially similar manner as the Premises under Schedule 1.

Lettable Area means, in respect of the Premises, the Estate or any part of them, the lettable area of the relevant area measured in accordance with the method of measurement adopted from time to time by the Property Council of Australia Limited for buildings or premises which are similar to the Premises, the Estate or the relevant part of them.

Lettable Area means the area calculated in accordance with the appropriate method of measurement published as at the Commencement Date by the Property Council of Australia for that type of premises.

Examples of Lettable Area in a sentence

• It is based on dividing the total power of the base lighting system in the assessed space by the Net Lettable Area (NLA) of that space.

• That the estimates of Lettable Area have been provided by the Client.

• NPV calculations based on the Net Lettable Area (NLA) supplied in the proposals.

• It provides 3,060 sqm of Net Lettable Area (NLA) consisting of a mixture of B1 offices (1,592 sqm) above a ground floor retail space (1,468 sqm) with associated car park.

• In the end of July 2016 the Company signed a non-binding Letter of Intent (“LOI”) with a global investment fund (the “Purchaser”) regarding the sale of the Torun Plaza and Suwałki Plaza shopping and entertainment centres in Poland (together the “Portfolio”).The Portfolio comprises a total of circa 60,000 sqm of Gross Lettable Area, of which Torun Plaza represents approximately 40,000 sqm and Suwalki Plaza approximately 20,000 sqm.

More Definitions of Lettable Area

Lettable Area means the area determined by the Landlord’s surveyor according to the method of measurement adopted for the time being by the Property Council of Australia, or any equivalent method of measurement the Landlord may nominate. Maintenance Obligations Matrix means the maintenance obligations matrix attached at Schedule 4.

Lettable Area means the area of the Demised Premises available as accommodation for the Specified Use calculated in accordance with the normal practice for assessing lettable areas of premises used for the Specified Use

Lettable Area the accommodation on the Science Park available for letting.

Lettable Area means the area determined by the Landlord’s surveyor according to the method of measurement adopted for the time being by the Property Council of Australia, or any equivalent method of measurement the Landlord may nominate. Normal Business Hours means the hours stated in Item 14. Outgoings has the meaning given to that term in clause 7.2.

Lettable Area means the total lettable area of the Premises (excluding the mezzanine area in the warehouse area of the Premises) (and where applicable, the Complex or any part of the Complex) calculated by the Landlord's surveyor (and apportioned where necessary between industrial and commercial/office uses in the Premises) using the principles for measurement contained in the PCA Method of Measurement for Lettable Area (March 1997) for lettable areas of industrial and if applicable commercial/office areas and treating the link between the warehouse and office areas of the Premises as warehouse/industrial area.

Lettable Area has the meaning given under the Lease. LIQUIDATION includes liquidation, official management, receivership, compromise, arrangement, amalgamation, administration, reconstruction, winding up, dissolution, assignment for the benefit of creditors, arrangement or compromise with creditors, bankruptcy or death.

Lettable Area means all parts of the Building not comprising Common Parts which from time to time are either occupied by the Landlord for the purposes of its business or by a tenant or tenants for office purposes or are so constructed or adapted as to be capable of being so occupied