This office lease clause provides the standard for which the actual measurements are to be determined. This form also lists the importance of using a standard measurement method.
Delaware Clause Setting Forth the Standard Measuring Method to Be Used for Remeasurement is a contractual provision often included in real estate agreements or property leases. This clause outlines the specific method or formula that will be used to remeasure the property, ensuring consistency and accuracy in determining its size or dimensions. The Delaware Clause is named after the state where it originated, but it is commonly used and recognized in various jurisdictions. It aims to establish a standard measuring methodology to avoid disputes or disagreements regarding the actual size of a property. By including this clause, both parties involved in the agreement can have clear guidelines on how to measure the property consistently. There are several types or variations of Delaware Clauses used for remeasurement purposes, depending on the nature of the property or lease agreement. Some common variations include: 1. Gross Leasable Area (GLA) Delaware Clause: This clause is specifically applicable to commercial leases, particularly in shopping malls or office buildings. It outlines the method of measuring the rentable or leasable area of the property, excluding common areas, such as hallways or lobbies. 2. Net Leasable Area (LA) Delaware Clause: Mainly utilized in industrial leases or multi-tenant properties, this clause defines the measuring method for determining the net leasable area that excludes common areas, such as loading docks or utility rooms. This allows the landlord to calculate the rental value more accurately. 3. Residential Dwelling Area Delaware Clause: Often found in residential property agreements or leases, this clause specifies the standard method for measuring the living space of a house or apartment. It may include guidelines on measuring floor area, wall-to-wall dimensions, or exclusion of non-livable spaces like garages or storage areas. 4. Land Area Delaware Clause: If the agreement involves the sale or lease of undeveloped land or vacant lots, this clause is essential. It sets forth the methodology for measuring the total area of the land, including any encroachments, easements, or exclusions. By incorporating a Delaware Clause Setting Forth the Standard Measuring Method to Be Used for Remeasurement, all parties involved can ensure consistency, fairness, and transparency in determining the true size or dimensions of the property. This helps in avoiding potential disputes or misunderstandings and allows for smoother transactions or leasing arrangements.Delaware Clause Setting Forth the Standard Measuring Method to Be Used for Remeasurement is a contractual provision often included in real estate agreements or property leases. This clause outlines the specific method or formula that will be used to remeasure the property, ensuring consistency and accuracy in determining its size or dimensions. The Delaware Clause is named after the state where it originated, but it is commonly used and recognized in various jurisdictions. It aims to establish a standard measuring methodology to avoid disputes or disagreements regarding the actual size of a property. By including this clause, both parties involved in the agreement can have clear guidelines on how to measure the property consistently. There are several types or variations of Delaware Clauses used for remeasurement purposes, depending on the nature of the property or lease agreement. Some common variations include: 1. Gross Leasable Area (GLA) Delaware Clause: This clause is specifically applicable to commercial leases, particularly in shopping malls or office buildings. It outlines the method of measuring the rentable or leasable area of the property, excluding common areas, such as hallways or lobbies. 2. Net Leasable Area (LA) Delaware Clause: Mainly utilized in industrial leases or multi-tenant properties, this clause defines the measuring method for determining the net leasable area that excludes common areas, such as loading docks or utility rooms. This allows the landlord to calculate the rental value more accurately. 3. Residential Dwelling Area Delaware Clause: Often found in residential property agreements or leases, this clause specifies the standard method for measuring the living space of a house or apartment. It may include guidelines on measuring floor area, wall-to-wall dimensions, or exclusion of non-livable spaces like garages or storage areas. 4. Land Area Delaware Clause: If the agreement involves the sale or lease of undeveloped land or vacant lots, this clause is essential. It sets forth the methodology for measuring the total area of the land, including any encroachments, easements, or exclusions. By incorporating a Delaware Clause Setting Forth the Standard Measuring Method to Be Used for Remeasurement, all parties involved can ensure consistency, fairness, and transparency in determining the true size or dimensions of the property. This helps in avoiding potential disputes or misunderstandings and allows for smoother transactions or leasing arrangements.
