This office lease provision describes the standard of measurement for usable area in office buildings recommended by building owners and managers associations.
Arizona's provisions are legal mechanisms used for measuring additional or option space in certain situations. These provisions help in determining the square footage or size of a property or space that is considered "additional" or "optional." Whether it is for residential or commercial purposes, Arizona provisions provide guidelines for measuring and calculating these areas accurately. There are different types of Arizona provisions used for measuring additional or option space: 1. Gross Leasable Area (GLA): This Arizona provision is commonly used in commercial real estate leasing. It refers to the total floor area within a building or complex that can be rented to tenants. GLA includes both the tenant's usable square footage and a proportionate share of common areas like lobbies, hallways, and amenities. 2. Net Rentable Area (NRA): This provision is also prevalent in commercial real estate leases. NRA represents the usable square footage within a space that is available for the tenant's exclusive use. It excludes common areas, such as restrooms, hallways, and other shared facilities. NRA is often used to calculate rent and determine the tenant's space requirements. 3. Option Space: In some lease agreements, there might be provisions allowing tenants to expand their existing premises if needed. The option space refers to the additional square footage or area that can be acquired by exercising this option. The measurement and calculation of the option space are usually specified in the lease agreement, ensuring clarity and fairness between landlords and tenants. 4. Common Area Maintenance (CAM): CAM provisions determine how the costs of operating and maintaining common areas are allocated among the tenants in a commercial property. This can include provisions relating to the measurement of common area spaces, such as parking lots, landscaping, and shared facilities. These provisions outline how the CAM expenses are shared and may be based on a per-square-foot basis or allocated proportionally among the tenants. 5. Residential Lot Size: When purchasing or developing residential property in Arizona, provisions exist for calculating the lot of size accurately. This measurement is crucial for adhering to zoning regulations, determining property values, and understanding the extent of land available for development or recreational purposes. 6. Zoning Regulations: In addition to measuring space, Arizona provisions may also address the specific permitted uses and restrictions imposed under local zoning regulations. These provisions define how properties or spaces can be utilized, whether for residential, commercial, or mixed-use purposes. Understanding and complying with these provisions ensures legality in land use and development. In conclusion, various Arizona provisions are used for measuring additional or option space, depending on the context. Whether it involves commercial leases, residential properties, or complying with zoning regulations, these provisions aim to provide clarity, fairness, and accuracy in measuring and calculating the size or square footage of spaces.Arizona's provisions are legal mechanisms used for measuring additional or option space in certain situations. These provisions help in determining the square footage or size of a property or space that is considered "additional" or "optional." Whether it is for residential or commercial purposes, Arizona provisions provide guidelines for measuring and calculating these areas accurately. There are different types of Arizona provisions used for measuring additional or option space: 1. Gross Leasable Area (GLA): This Arizona provision is commonly used in commercial real estate leasing. It refers to the total floor area within a building or complex that can be rented to tenants. GLA includes both the tenant's usable square footage and a proportionate share of common areas like lobbies, hallways, and amenities. 2. Net Rentable Area (NRA): This provision is also prevalent in commercial real estate leases. NRA represents the usable square footage within a space that is available for the tenant's exclusive use. It excludes common areas, such as restrooms, hallways, and other shared facilities. NRA is often used to calculate rent and determine the tenant's space requirements. 3. Option Space: In some lease agreements, there might be provisions allowing tenants to expand their existing premises if needed. The option space refers to the additional square footage or area that can be acquired by exercising this option. The measurement and calculation of the option space are usually specified in the lease agreement, ensuring clarity and fairness between landlords and tenants. 4. Common Area Maintenance (CAM): CAM provisions determine how the costs of operating and maintaining common areas are allocated among the tenants in a commercial property. This can include provisions relating to the measurement of common area spaces, such as parking lots, landscaping, and shared facilities. These provisions outline how the CAM expenses are shared and may be based on a per-square-foot basis or allocated proportionally among the tenants. 5. Residential Lot Size: When purchasing or developing residential property in Arizona, provisions exist for calculating the lot of size accurately. This measurement is crucial for adhering to zoning regulations, determining property values, and understanding the extent of land available for development or recreational purposes. 6. Zoning Regulations: In addition to measuring space, Arizona provisions may also address the specific permitted uses and restrictions imposed under local zoning regulations. These provisions define how properties or spaces can be utilized, whether for residential, commercial, or mixed-use purposes. Understanding and complying with these provisions ensures legality in land use and development. In conclusion, various Arizona provisions are used for measuring additional or option space, depending on the context. Whether it involves commercial leases, residential properties, or complying with zoning regulations, these provisions aim to provide clarity, fairness, and accuracy in measuring and calculating the size or square footage of spaces.
