This office lease clause lists a way to provide for variances between the rentable area of a "to be built" demised premises and the actual area after construction.
California Remeasurement Clause Used When Variances Exist Between the Rentable and Actual Area of a Space to be Built
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Hear this out loud PauseA Standard Clause defining the leased premises for a commercial real estate lease with language allowing the parties to remeasure the premises. A tenant's right to remeasure is generally a tenant-favorable concept, but this Standard Clause offers a landlord-friendly alternative for remeasurement.
Tenant's Premises . A portion of the first floor of the Building in ance with the floor plan attached hereto as Exhibit E and incorporated herein by reference.
Leased Premises means an area forming part of the Property, assigned to the LESSEE for its exclusive use under this Contract, per Lease Schedule.
