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 Iowa Remeasurement Clause is a legal provision used when there are discrepancies or variances between the rentable area and the actual area of a space to be built. This clause aims to address any potential disputes or misunderstandings between landlords and tenants regarding the usable space and rental calculations. The Iowa Remeasurement Clause typically states that in the event of differences between the rentable area specified in the lease agreement and the actual area measured after construction, the rent and other related charges will be adjusted accordingly. This clause ensures fairness and accuracy in determining the actual amount of space being rented, which directly impacts the rental costs. There are two main types of Iowa Remeasurement Clauses commonly used: 1. Positive Remeasurement Clause: This clause favors the landlord by specifying that if the actual measured area is greater than the rentable area mentioned in the lease, the rent and additional expenses will be recalculated based on the larger area. This means that the tenant will potentially have to pay more for the increased space. 2. Negative Remeasurement Clause: Contrary to the positive clause, the negative remeasurement clause benefits the tenant. It states that if the actual area is smaller than the rentable area initially agreed upon, the rent and additional expenses will be adjusted based on the smaller area. Consequently, the tenant will pay less, reflecting the reduced space. Both types of clauses aim to ensure that the rental amount accurately reflects the size of the rented space, avoiding any misunderstandings or disputes between landlords and tenants. In conclusion, the Iowa Remeasurement Clause is a crucial provision used to address variances between the rentable and actual area of a space to be built. Its implementation allows for fairness, accuracy, and appropriate adjustment of rental calculations based on the determined size of the space.The Iowa Remeasurement Clause is a legal provision used when there are discrepancies or variances between the rentable area and the actual area of a space to be built. This clause aims to address any potential disputes or misunderstandings between landlords and tenants regarding the usable space and rental calculations. The Iowa Remeasurement Clause typically states that in the event of differences between the rentable area specified in the lease agreement and the actual area measured after construction, the rent and other related charges will be adjusted accordingly. This clause ensures fairness and accuracy in determining the actual amount of space being rented, which directly impacts the rental costs. There are two main types of Iowa Remeasurement Clauses commonly used: 1. Positive Remeasurement Clause: This clause favors the landlord by specifying that if the actual measured area is greater than the rentable area mentioned in the lease, the rent and additional expenses will be recalculated based on the larger area. This means that the tenant will potentially have to pay more for the increased space. 2. Negative Remeasurement Clause: Contrary to the positive clause, the negative remeasurement clause benefits the tenant. It states that if the actual area is smaller than the rentable area initially agreed upon, the rent and additional expenses will be adjusted based on the smaller area. Consequently, the tenant will pay less, reflecting the reduced space. Both types of clauses aim to ensure that the rental amount accurately reflects the size of the rented space, avoiding any misunderstandings or disputes between landlords and tenants. In conclusion, the Iowa Remeasurement Clause is a crucial provision used to address variances between the rentable and actual area of a space to be built. Its implementation allows for fairness, accuracy, and appropriate adjustment of rental calculations based on the determined size of the space.
