This office lease form describes provisions for using the area in the case of a single tenancy floor, within the exterior walls of the New Building, or, in the case of a multiple occupancy floor, within the exterior walls, party walls or corridor walls which is considered to be usable area .
Kansas Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers The Kansas provision refers to the unique measurement standard used for modern office towers in Midtown Manhattan, specifically focusing on the usable area. This provision sets regulations and guidelines for determining the accurate measurement of space available within these office towers, ensuring transparency and consistency in the real estate industry. Usable area, as defined by the Kansas provision, refers to the space within an office tower that can be utilized for day-to-day operations. It excludes common areas such as hallways, restrooms, and maintenance rooms. By using usable area as the key measurement standard, it allows potential tenants to accurately assess the available space and make informed decisions based on their specific needs. This Kansas provision plays a crucial role in Midtown Manhattan, where office space is at a premium and prices are high. It ensures fairness and accuracy in lease agreements, preventing tenants from overpaying for unused or non-functional spaces. Different types of the Kansas provision using usable area as the measurement standard for Midtown Manhattan modern office towers include: 1. Usable Square Footage Calculation: This method involves measuring the actual office floor space, excluding stairwells, elevator shafts, and shared hallways. It focuses on providing an accurate representation of the areas that can be utilized by tenants. 2. Exclusion of Common Areas: The Kansas provision emphasizes excluding common areas such as lobbies, conference rooms, and utility spaces from the overall usable area measurement. This technique allows tenants to understand precisely how much usable space they are paying for. 3. Efficiency Factors: The provision may also consider efficiency factors, taking into account specific features of each floor, such as column spacing, ceiling heights, and layout efficiency. These factors influence the usable area calculation and are important for determining the value of the office space. 4. Tenant Improvement Allowances: The Kansas provision may also govern aspects related to tenant improvement allowances. These allowances refer to the flexibility provided to tenants to enhance and modify the usable area according to their specific requirements. By adhering to the Kansas provision using usable area as the measurement standard for Midtown Manhattan modern office towers, the real estate market in the area is regulated and transparent. Tenants can confidently choose office spaces that cater to their business needs, confident that the usable area accurately represents the space they will occupy.
Kansas Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers The Kansas provision refers to the unique measurement standard used for modern office towers in Midtown Manhattan, specifically focusing on the usable area. This provision sets regulations and guidelines for determining the accurate measurement of space available within these office towers, ensuring transparency and consistency in the real estate industry. Usable area, as defined by the Kansas provision, refers to the space within an office tower that can be utilized for day-to-day operations. It excludes common areas such as hallways, restrooms, and maintenance rooms. By using usable area as the key measurement standard, it allows potential tenants to accurately assess the available space and make informed decisions based on their specific needs. This Kansas provision plays a crucial role in Midtown Manhattan, where office space is at a premium and prices are high. It ensures fairness and accuracy in lease agreements, preventing tenants from overpaying for unused or non-functional spaces. Different types of the Kansas provision using usable area as the measurement standard for Midtown Manhattan modern office towers include: 1. Usable Square Footage Calculation: This method involves measuring the actual office floor space, excluding stairwells, elevator shafts, and shared hallways. It focuses on providing an accurate representation of the areas that can be utilized by tenants. 2. Exclusion of Common Areas: The Kansas provision emphasizes excluding common areas such as lobbies, conference rooms, and utility spaces from the overall usable area measurement. This technique allows tenants to understand precisely how much usable space they are paying for. 3. Efficiency Factors: The provision may also consider efficiency factors, taking into account specific features of each floor, such as column spacing, ceiling heights, and layout efficiency. These factors influence the usable area calculation and are important for determining the value of the office space. 4. Tenant Improvement Allowances: The Kansas provision may also govern aspects related to tenant improvement allowances. These allowances refer to the flexibility provided to tenants to enhance and modify the usable area according to their specific requirements. By adhering to the Kansas provision using usable area as the measurement standard for Midtown Manhattan modern office towers, the real estate market in the area is regulated and transparent. Tenants can confidently choose office spaces that cater to their business needs, confident that the usable area accurately represents the space they will occupy.
