This office lease provision describes the standard of measurement for usable area in office buildings recommended by building owners and managers associations.
Wisconsin's provisions are used for measuring additional or option space in various contexts, such as real estate and construction. These provisions help determine the size and value of additional or optional spaces within a property. Here, we will explore the different types of Wisconsin provisions commonly used for this purpose. One commonly used provision is the Wisconsin Real Estate Measurement (REM) standard. This standard provides guidelines for measuring space in commercial and residential properties. The REM standard considers factors such as the usable area, common area, and any special features or exclusions when calculating the total square footage of a property. Another type of provision used in Wisconsin is the Wisconsin Option Space Measurement (WORM) standard. This provision specifically addresses the measurement of optional spaces within a property, such as storage units or parking spaces. WORM takes into account factors like accessibility, location, and amenities to determine the value and measurement of these optional spaces. The Wisconsin Measurement of Additional Space (WAS) provision is commonly used when determining the size and value of additional spaces within a property. These additional spaces can include basements, mezzanines, or any other usable area that goes beyond the main floor. WAS considers factors such as accessibility, functionality, and level of finish when measuring and valuing these additional spaces. Wisconsin provisions for measuring additional or option space are essential for various purposes. Property owners and tenants rely on these provisions to accurately determine the size, value, and potential use of additional or optional spaces. Real estate professionals, architects, and appraisers also utilize these provisions to provide accurate information when making decisions or conducting transactions involving properties. In summary, Wisconsin provisions used for measuring additional or option space include the REM standard for overall property measurements, the WORM standard for optional spaces, and the WAS standard for additional spaces within a property. These provisions play a crucial role in ensuring fair and accurate measurements and valuations, benefiting both property stakeholders and professionals in the real estate industry.
Wisconsin's provisions are used for measuring additional or option space in various contexts, such as real estate and construction. These provisions help determine the size and value of additional or optional spaces within a property. Here, we will explore the different types of Wisconsin provisions commonly used for this purpose. One commonly used provision is the Wisconsin Real Estate Measurement (REM) standard. This standard provides guidelines for measuring space in commercial and residential properties. The REM standard considers factors such as the usable area, common area, and any special features or exclusions when calculating the total square footage of a property. Another type of provision used in Wisconsin is the Wisconsin Option Space Measurement (WORM) standard. This provision specifically addresses the measurement of optional spaces within a property, such as storage units or parking spaces. WORM takes into account factors like accessibility, location, and amenities to determine the value and measurement of these optional spaces. The Wisconsin Measurement of Additional Space (WAS) provision is commonly used when determining the size and value of additional spaces within a property. These additional spaces can include basements, mezzanines, or any other usable area that goes beyond the main floor. WAS considers factors such as accessibility, functionality, and level of finish when measuring and valuing these additional spaces. Wisconsin provisions for measuring additional or option space are essential for various purposes. Property owners and tenants rely on these provisions to accurately determine the size, value, and potential use of additional or optional spaces. Real estate professionals, architects, and appraisers also utilize these provisions to provide accurate information when making decisions or conducting transactions involving properties. In summary, Wisconsin provisions used for measuring additional or option space include the REM standard for overall property measurements, the WORM standard for optional spaces, and the WAS standard for additional spaces within a property. These provisions play a crucial role in ensuring fair and accurate measurements and valuations, benefiting both property stakeholders and professionals in the real estate industry.
