This office lease provision describes the standard of measurement for usable area in office buildings recommended by building owners and managers associations.
When it comes to measuring additional or option space in Louisiana, there are specific provisions that need to be considered. Understanding these provisions is essential for accurately assessing the size and value of any additional or option space within a property. In this article, we will delve into the details of Louisiana provisions used for measuring additional or option space, using relevant keywords for a comprehensive exploration. One important provision used in Louisiana is the Gross Leasable Area (GLA). GLA refers to the total floor area that can be leased to tenants for generating rental income. It includes all areas that are available for tenant use, such as retail spaces, common areas, storage rooms, and offices. The GLA excludes areas like mechanical rooms, stairwells, and elevator shafts. Another provision to consider is the Usable Area. This term refers to the portion of the GLA that is usable by tenants for their operations, excluding areas such as walls, columns, elevators, or stairwells. The Usable Area is the actual space a tenant can utilize for conducting their business activities. The Difference in Usable Area and Rentable Area provision is also important when measuring additional or option space in Louisiana. Rentable Area includes both the Usable Area and a proportionate share of common areas, such as hallways, restrooms, and lobbies. It determines the total area on which the tenant pays rent. It is important to note that the Rentable Area can be larger than the Usable Area due to the inclusion of common areas. For properties with multiple floors, the Floor-to-Floor Height provision needs to be considered. This provision relates to the vertical distance between each floor and affects the total space available. Properties with higher floor-to-floor heights can provide more usable space due to increased vertical clearance. Furthermore, Louisiana provisions also take into account certain types of additional or option space. These additional spaces can include areas such as basements, mezzanines, balconies, rooftop terraces, or any other unique spaces provided within a property. Each of these additional spaces has its own measurement and valuation criteria as per Louisiana regulations. In conclusion, Louisiana provisions for measuring additional or option space play a crucial role in accurately determining the size and value of such spaces within a property. Key provisions like Gross Leasable Area, Usable Area, Rentable Area, and Floor-to-Floor Height aid in this assessment. Additionally, specific consideration is given to unique areas such as basements, mezzanines, balconies, and rooftop terraces. Understanding and applying these provisions is essential for property owners, real estate professionals, and tenants to ensure fair and accurate measurements of additional or option space within Louisiana.When it comes to measuring additional or option space in Louisiana, there are specific provisions that need to be considered. Understanding these provisions is essential for accurately assessing the size and value of any additional or option space within a property. In this article, we will delve into the details of Louisiana provisions used for measuring additional or option space, using relevant keywords for a comprehensive exploration. One important provision used in Louisiana is the Gross Leasable Area (GLA). GLA refers to the total floor area that can be leased to tenants for generating rental income. It includes all areas that are available for tenant use, such as retail spaces, common areas, storage rooms, and offices. The GLA excludes areas like mechanical rooms, stairwells, and elevator shafts. Another provision to consider is the Usable Area. This term refers to the portion of the GLA that is usable by tenants for their operations, excluding areas such as walls, columns, elevators, or stairwells. The Usable Area is the actual space a tenant can utilize for conducting their business activities. The Difference in Usable Area and Rentable Area provision is also important when measuring additional or option space in Louisiana. Rentable Area includes both the Usable Area and a proportionate share of common areas, such as hallways, restrooms, and lobbies. It determines the total area on which the tenant pays rent. It is important to note that the Rentable Area can be larger than the Usable Area due to the inclusion of common areas. For properties with multiple floors, the Floor-to-Floor Height provision needs to be considered. This provision relates to the vertical distance between each floor and affects the total space available. Properties with higher floor-to-floor heights can provide more usable space due to increased vertical clearance. Furthermore, Louisiana provisions also take into account certain types of additional or option space. These additional spaces can include areas such as basements, mezzanines, balconies, rooftop terraces, or any other unique spaces provided within a property. Each of these additional spaces has its own measurement and valuation criteria as per Louisiana regulations. In conclusion, Louisiana provisions for measuring additional or option space play a crucial role in accurately determining the size and value of such spaces within a property. Key provisions like Gross Leasable Area, Usable Area, Rentable Area, and Floor-to-Floor Height aid in this assessment. Additionally, specific consideration is given to unique areas such as basements, mezzanines, balconies, and rooftop terraces. Understanding and applying these provisions is essential for property owners, real estate professionals, and tenants to ensure fair and accurate measurements of additional or option space within Louisiana.
