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 North Dakota 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 constructed. This clause helps ensure fair dealings and accurate rent calculations for both landlords and tenants in North Dakota. In cases where the planned construction does not result in the expected rentable area, this clause allows for a remeasurement of the space. It helps resolve disputes arising from differing measurements and serves as a mechanism to adjust lease agreements accordingly. The clause encompasses various scenarios and can be categorized into different types based on the nature of the variance. Some common variations of the North Dakota Remeasurement Clause include: 1. Gross Area Remeasurement: This type of remeasurement clause focuses on the overall gross area of the space, including interior walls, corridors, staircases, and common areas. It allows for adjustments when variances occur in the entire area to be rented. 2. Usable Area Remeasurement: With this remeasurement clause, the focus is on the actual usable area, excluding common areas or spaces that cannot be directly used by the tenant. It accounts for variations in the functional space available for the tenant's exclusive use. 3. Net Rentable Area Remeasurement: This clause specifically considers the net rentable area, excluding common areas, structural columns, or other non-revenue-generating spaces. It addresses variations in the area to be used for rent calculation purposes, ensuring accurate payment from the tenant. These different types of clauses under the North Dakota Remeasurement Clause are designed to cater to specific situations, offering flexibility and fairness in lease agreements. They help establish guidelines for accurately determining the rentable area of a space, preventing disputes and ensuring transparency between landlords and tenants. It is important to consult a qualified attorney while drafting or interpreting these clauses to ensure compliance with North Dakota laws and regulations.
The North Dakota 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 constructed. This clause helps ensure fair dealings and accurate rent calculations for both landlords and tenants in North Dakota. In cases where the planned construction does not result in the expected rentable area, this clause allows for a remeasurement of the space. It helps resolve disputes arising from differing measurements and serves as a mechanism to adjust lease agreements accordingly. The clause encompasses various scenarios and can be categorized into different types based on the nature of the variance. Some common variations of the North Dakota Remeasurement Clause include: 1. Gross Area Remeasurement: This type of remeasurement clause focuses on the overall gross area of the space, including interior walls, corridors, staircases, and common areas. It allows for adjustments when variances occur in the entire area to be rented. 2. Usable Area Remeasurement: With this remeasurement clause, the focus is on the actual usable area, excluding common areas or spaces that cannot be directly used by the tenant. It accounts for variations in the functional space available for the tenant's exclusive use. 3. Net Rentable Area Remeasurement: This clause specifically considers the net rentable area, excluding common areas, structural columns, or other non-revenue-generating spaces. It addresses variations in the area to be used for rent calculation purposes, ensuring accurate payment from the tenant. These different types of clauses under the North Dakota Remeasurement Clause are designed to cater to specific situations, offering flexibility and fairness in lease agreements. They help establish guidelines for accurately determining the rentable area of a space, preventing disputes and ensuring transparency between landlords and tenants. It is important to consult a qualified attorney while drafting or interpreting these clauses to ensure compliance with North Dakota laws and regulations.
