In Middlesex Massachusetts, the Remeasurement Clause is typically utilized when there are discrepancies between the rentable and actual area of a space to be constructed. This clause provides a mechanism for accurately determining the rental value of the space based on its true size, ensuring fairness and transparency in leasing agreements. When variances exist between the rentable and actual area of a space, the Remeasurement Clause becomes crucial in protecting the interests of both landlords and tenants. It allows for the reevaluation of the rental rate, maintenance costs, and other applicable charges, taking into account the accurate measurement of the space. There are different types of Remeasurement Clauses that can be incorporated into lease agreements, depending on the specific circumstances. These include: 1. Remeasurement for Rent Adjustment: This type of clause enables a rent adjustment to reflect the actual square footage of the space once it has been remeasured. It ensures that the rental rate accurately reflects the true size of the leased space, preventing any potential disputes over rental charges. 2. Remeasurement for Maintenance Costs: In some cases, the Remeasurement Clause can also be used to determine the proportionate share of maintenance costs based on the actual area of the space. This prevents discrepancies in the allocation of expenses between tenants and ensures that each party contributes fairly based on their occupancy. 3. Remeasurement for Common Areas: This clause is applicable when there are common areas shared among multiple tenants within a building. It allows for the accurate measurement of shared spaces, such as lobbies, hallways, or restrooms, to ensure equitable distribution of maintenance costs and common area charges. 4. Remeasurement for Additional Tenant Improvements: When a tenant makes improvements or alterations to the leased space that affect its area, this type of clause can be utilized to remeasure the space. This ensures that any changes made by the tenant are accounted for in the rental agreement, reflecting the true size and value of the premises. By incorporating the Middlesex Massachusetts Remeasurement Clause into lease agreements, landlords and tenants can establish a clear understanding of how variances between the rentable and actual area of a space will be addressed. This helps maintain fairness, transparency, and accuracy in determining rental rates and other associated costs, avoiding potential disputes or misunderstandings in the future.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.