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 Broward Florida Remeasurement Clause comes into play when there are discrepancies between the rentable area and the actual area of a space to be constructed or leased in the Broward County, Florida area. This clause is commonly used in commercial real estate contracts to ensure fairness and accuracy in determining the rentable area of a property. The purpose of the Broward Florida Remeasurement Clause is to address situations where the rentable area specified in the lease agreement differs from the actual usable space available to the tenant. This often occurs due to variations in architectural drawings, changes during construction, or other reasons that may affect the final measurements. Under this clause, the parties involved in the lease agreement agree to re-measure the space upon completion of construction or any modifications that may impact the usable area. The exact method of measurement can vary depending on the agreement and local practices, but it generally follows industry standards such as the Building Owners and Managers Association (BOMB) guidelines. The Broward Florida Remeasurement Clause ensures that both the tenant and landlord have a fair understanding of the actual rentable area and can calculate the appropriate rental rate accordingly. This clause helps avoid potential disputes that may arise from differences in the original estimates and the final measurements. It is important to note that there are several types of remeasurement clauses that may be utilized in Broward, Florida. These can include: 1. BOMB Standard Remeasurement Clause: This type of clause relies on the BOMB guidelines for measurement standards and procedures. It ensures a consistent and widely accepted approach to determine the rentable area. 2. Custom Remeasurement Clause: In some cases, parties may opt for a custom remeasurement clause that deviates from standard practices. This can be tailored to meet specific requirements or circumstances of the property. 3. Optional Remeasurement Clause: In certain situations, the use of a remeasurement clause may be left to the discretion of one party, typically the landlord. This allows flexibility depending on the need to re-measure the space. In conclusion, the Broward Florida Remeasurement Clause is an important provision in commercial real estate leases within Broward County. It ensures accuracy and fairness when determining the rentable area of a space to be constructed, helping both tenants and landlords in calculating rent based on the actual usable area.The Broward Florida Remeasurement Clause comes into play when there are discrepancies between the rentable area and the actual area of a space to be constructed or leased in the Broward County, Florida area. This clause is commonly used in commercial real estate contracts to ensure fairness and accuracy in determining the rentable area of a property. The purpose of the Broward Florida Remeasurement Clause is to address situations where the rentable area specified in the lease agreement differs from the actual usable space available to the tenant. This often occurs due to variations in architectural drawings, changes during construction, or other reasons that may affect the final measurements. Under this clause, the parties involved in the lease agreement agree to re-measure the space upon completion of construction or any modifications that may impact the usable area. The exact method of measurement can vary depending on the agreement and local practices, but it generally follows industry standards such as the Building Owners and Managers Association (BOMB) guidelines. The Broward Florida Remeasurement Clause ensures that both the tenant and landlord have a fair understanding of the actual rentable area and can calculate the appropriate rental rate accordingly. This clause helps avoid potential disputes that may arise from differences in the original estimates and the final measurements. It is important to note that there are several types of remeasurement clauses that may be utilized in Broward, Florida. These can include: 1. BOMB Standard Remeasurement Clause: This type of clause relies on the BOMB guidelines for measurement standards and procedures. It ensures a consistent and widely accepted approach to determine the rentable area. 2. Custom Remeasurement Clause: In some cases, parties may opt for a custom remeasurement clause that deviates from standard practices. This can be tailored to meet specific requirements or circumstances of the property. 3. Optional Remeasurement Clause: In certain situations, the use of a remeasurement clause may be left to the discretion of one party, typically the landlord. This allows flexibility depending on the need to re-measure the space. In conclusion, the Broward Florida Remeasurement Clause is an important provision in commercial real estate leases within Broward County. It ensures accuracy and fairness when determining the rentable area of a space to be constructed, helping both tenants and landlords in calculating rent based on the actual usable area.
