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 Bexar Texas Remeasurement Clause is a provision used in commercial real estate leases when there are variances between the rentable and actual area of a space to be built. This clause ensures both the landlord and tenant have clarity on the measurement of the rental space, thus avoiding any potential disputes or misunderstandings in the future. When it comes to different types of Bexar Texas Remeasurement Clauses, there are a few variations commonly used: 1. Fixed Remeasurement Clause: This type of clause establishes a fixed rentable area for the space to be built. The lease agreement will specify a predetermined area, and it will remain unchanged throughout the lease term. 2. Percentage Remeasurement Clause: With this type of clause, the rentable area is determined based on a percentage of the actual area of the space. For example, the tenant might agree to pay rent for 90% of the actual area, acknowledging that the remaining 10% accounts for common areas or shared facilities. 3. Operating Expense Remeasurement Clause: This clause focuses on the remeasurement of common areas used for calculating operating expenses such as maintenance fees, utilities, and property management costs. It ensures that these expenses are allocated fairly between tenants based on their respective rentable areas. 4. Unilateral Remeasurement Clause: In some cases, the landlord might reserve the right to unilaterally remeasure the space during the lease term. This type of clause gives the landlord the ability to adjust the rentable area if it significantly differs from the initial measurement, potentially resulting in an adjustment of rent accordingly. It is important for both landlords and tenants to carefully review and understand the specific remeasurement clause included in their lease agreement. This will help avoid any uncertainties or conflicts regarding the measurement and calculation of rentable areas, creating a fair and transparent leasing environment.The Bexar Texas Remeasurement Clause is a provision used in commercial real estate leases when there are variances between the rentable and actual area of a space to be built. This clause ensures both the landlord and tenant have clarity on the measurement of the rental space, thus avoiding any potential disputes or misunderstandings in the future. When it comes to different types of Bexar Texas Remeasurement Clauses, there are a few variations commonly used: 1. Fixed Remeasurement Clause: This type of clause establishes a fixed rentable area for the space to be built. The lease agreement will specify a predetermined area, and it will remain unchanged throughout the lease term. 2. Percentage Remeasurement Clause: With this type of clause, the rentable area is determined based on a percentage of the actual area of the space. For example, the tenant might agree to pay rent for 90% of the actual area, acknowledging that the remaining 10% accounts for common areas or shared facilities. 3. Operating Expense Remeasurement Clause: This clause focuses on the remeasurement of common areas used for calculating operating expenses such as maintenance fees, utilities, and property management costs. It ensures that these expenses are allocated fairly between tenants based on their respective rentable areas. 4. Unilateral Remeasurement Clause: In some cases, the landlord might reserve the right to unilaterally remeasure the space during the lease term. This type of clause gives the landlord the ability to adjust the rentable area if it significantly differs from the initial measurement, potentially resulting in an adjustment of rent accordingly. It is important for both landlords and tenants to carefully review and understand the specific remeasurement clause included in their lease agreement. This will help avoid any uncertainties or conflicts regarding the measurement and calculation of rentable areas, creating a fair and transparent leasing environment.
