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.
The Delaware Remeasurement Clause is utilized in real estate contracts to address any disparities that may arise between the rentable area and the actual area of a space that is being constructed. This clause is specifically designed to handle situations where there are variations in the measurements of a space, ensuring that both parties involved are protected and able to come to a fair resolution. When it comes to different types of Delaware Remeasurement Clauses, there are a few key variations that are often used: 1. Base Building Area Clause: This type of clause focuses on the measurements of the core elements of a building, such as the walls, floors, and structural components. It ensures that any deviations found in these areas are properly accounted for when determining the rentable space. 2. Demising Wall Clause: This clause centers around the measurements of the partition walls that separate one rented space from another. It aims to determine the exact area that is dedicated to each tenant, taking into account any discrepancies in the wall's dimensions. 3. Common Area Clause: This type of clause addresses the measurements of shared or common spaces within a building, such as corridors, lobbies, elevators, or stairwells. It ensures that these areas are accurately included in the overall rentable space calculations. The Delaware Remeasurement Clause plays a crucial role in ensuring fairness and accuracy in lease agreements. By precisely addressing any variations between the rentable and actual area of a space in the construction phase, it provides a framework to resolve discrepancies and establish transparent rental terms. Both landlords and tenants benefit from this clause, as it sets clear expectations and avoids potential disputes related to inaccurate area calculations.The Delaware Remeasurement Clause is utilized in real estate contracts to address any disparities that may arise between the rentable area and the actual area of a space that is being constructed. This clause is specifically designed to handle situations where there are variations in the measurements of a space, ensuring that both parties involved are protected and able to come to a fair resolution. When it comes to different types of Delaware Remeasurement Clauses, there are a few key variations that are often used: 1. Base Building Area Clause: This type of clause focuses on the measurements of the core elements of a building, such as the walls, floors, and structural components. It ensures that any deviations found in these areas are properly accounted for when determining the rentable space. 2. Demising Wall Clause: This clause centers around the measurements of the partition walls that separate one rented space from another. It aims to determine the exact area that is dedicated to each tenant, taking into account any discrepancies in the wall's dimensions. 3. Common Area Clause: This type of clause addresses the measurements of shared or common spaces within a building, such as corridors, lobbies, elevators, or stairwells. It ensures that these areas are accurately included in the overall rentable space calculations. The Delaware Remeasurement Clause plays a crucial role in ensuring fairness and accuracy in lease agreements. By precisely addressing any variations between the rentable and actual area of a space in the construction phase, it provides a framework to resolve discrepancies and establish transparent rental terms. Both landlords and tenants benefit from this clause, as it sets clear expectations and avoids potential disputes related to inaccurate area calculations.
