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 Alameda California Remeasurement Clause is an important provision used in lease agreements when there are discrepancies between the rentable area stated in the lease and the actual area of the space being built or occupied. This clause ensures fairness and accuracy in determining the appropriate rent to be paid. In Alameda, California, the remeasurement clause is commonly used to address situations where there are variances between the rentable and actual area of a space. It allows for adjustments in rent calculations to reflect the true size of the space, preventing either the landlord or the tenant from being unfairly disadvantaged. There are a few types of remeasurement clauses that may be employed in Alameda, California: 1. Gross-Up Clause: This clause is used when the rentable area includes common areas such as hallways, lobbies, restrooms, or elevators. The clause allows for adjustments to be made to exclude these common areas from rent calculations. It ensures that tenants are only paying for the space they occupy and not for shared spaces. 2. Exclusion Clause: This type of clause is used when certain areas within the rentable space cannot be used due to structural limitations or specific zoning restrictions. The clause allows for these excluded areas to be subtracted from the rentable area, resulting in a fairer rent calculation. 3. Expansion Clause: An expansion clause is used when there is a possibility that the tenant may later expand or occupy additional areas within the building. This clause specifies how the additional space will be measured and how the rent will be adjusted accordingly. 4. Rent Adjustment Clause: This clause allows for rent adjustment in the future based on changes in the actual area of the space. It may require periodic remeasurement and rent recalculations to account for any changes in size or configuration. In conclusion, the Alameda California Remeasurement Clause is a crucial element in lease agreements that ensures accuracy and fairness in determining rent calculations when there are discrepancies between the rentable and actual areas of a space. Various types of clauses, such as the gross-up, exclusion, expansion, and rent adjustment clauses, may be used depending on specific circumstances.The Alameda California Remeasurement Clause is an important provision used in lease agreements when there are discrepancies between the rentable area stated in the lease and the actual area of the space being built or occupied. This clause ensures fairness and accuracy in determining the appropriate rent to be paid. In Alameda, California, the remeasurement clause is commonly used to address situations where there are variances between the rentable and actual area of a space. It allows for adjustments in rent calculations to reflect the true size of the space, preventing either the landlord or the tenant from being unfairly disadvantaged. There are a few types of remeasurement clauses that may be employed in Alameda, California: 1. Gross-Up Clause: This clause is used when the rentable area includes common areas such as hallways, lobbies, restrooms, or elevators. The clause allows for adjustments to be made to exclude these common areas from rent calculations. It ensures that tenants are only paying for the space they occupy and not for shared spaces. 2. Exclusion Clause: This type of clause is used when certain areas within the rentable space cannot be used due to structural limitations or specific zoning restrictions. The clause allows for these excluded areas to be subtracted from the rentable area, resulting in a fairer rent calculation. 3. Expansion Clause: An expansion clause is used when there is a possibility that the tenant may later expand or occupy additional areas within the building. This clause specifies how the additional space will be measured and how the rent will be adjusted accordingly. 4. Rent Adjustment Clause: This clause allows for rent adjustment in the future based on changes in the actual area of the space. It may require periodic remeasurement and rent recalculations to account for any changes in size or configuration. In conclusion, the Alameda California Remeasurement Clause is a crucial element in lease agreements that ensures accuracy and fairness in determining rent calculations when there are discrepancies between the rentable and actual areas of a space. Various types of clauses, such as the gross-up, exclusion, expansion, and rent adjustment clauses, may be used depending on specific circumstances.
