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 Dallas Texas Remeasurement Clause is a legal provision utilized in real estate contracts when discrepancies arise between the rentable area and the actual area of a space to be constructed. This clause ensures fair and accurate measurements, settling any potential disputes or inconsistencies that may occur during the leasing or construction process. In Dallas, as in other jurisdictions, it is crucial to include a Remeasurement Clause to accurately determine the rentable area of a space. The clause serves as a safeguard for both the landlord and tenant, establishing a clear understanding of the property's dimensions and ensuring fair rent calculations. There are different types of Remeasurement Clauses used in Dallas, Texas, to address specific variances between the rentable and actual area of a space: 1. Gross-Up Remeasurement Clause: This type of clause accounts for common areas, such as hallways or shared amenities, within a building or complex. It ensures that the tenant pays their fair share of these shared spaces, resulting in an adjusted rentable area calculation. 2. Differential Remeasurement Clause: This clause comes into play when the actual area of a space differs significantly from the previously agreed-upon rentable area. If the variation exceeds a predetermined threshold, this clause allows for an adjustment of the rentable area and subsequently the rental payments to accurately reflect the discrepancy. 3. BOMB Standards Remeasurement Clause: The Building Owners and Managers Association (BOMB) have established industry guidelines for measuring the rentable area of commercial properties. Incorporating this clause ensures that the rentable area adheres to BOMB standards, providing a consistent and widely accepted method for measuring spaces in Dallas. 4. Remediation Remeasurement Clause: In cases where the actual area differs from the rentable area due to construction errors or other unforeseen circumstances, the Remediation Remeasurement Clause allows for adjustments to be made after the completion of the space. This clause ensures fairness and encourages immediate rectification of any discrepancies. By including a Remeasurement Clause in their contracts, landlords and tenants in Dallas, Texas, can establish a fair and transparent understanding of the rentable and actual area, minimizing misunderstandings and conflicts related to space measurement. As these clauses cater to different circumstances, it is essential to carefully consider the specific needs and requirements of each real estate project when selecting and implementing a Remeasurement Clause.The Dallas Texas Remeasurement Clause is a legal provision utilized in real estate contracts when discrepancies arise between the rentable area and the actual area of a space to be constructed. This clause ensures fair and accurate measurements, settling any potential disputes or inconsistencies that may occur during the leasing or construction process. In Dallas, as in other jurisdictions, it is crucial to include a Remeasurement Clause to accurately determine the rentable area of a space. The clause serves as a safeguard for both the landlord and tenant, establishing a clear understanding of the property's dimensions and ensuring fair rent calculations. There are different types of Remeasurement Clauses used in Dallas, Texas, to address specific variances between the rentable and actual area of a space: 1. Gross-Up Remeasurement Clause: This type of clause accounts for common areas, such as hallways or shared amenities, within a building or complex. It ensures that the tenant pays their fair share of these shared spaces, resulting in an adjusted rentable area calculation. 2. Differential Remeasurement Clause: This clause comes into play when the actual area of a space differs significantly from the previously agreed-upon rentable area. If the variation exceeds a predetermined threshold, this clause allows for an adjustment of the rentable area and subsequently the rental payments to accurately reflect the discrepancy. 3. BOMB Standards Remeasurement Clause: The Building Owners and Managers Association (BOMB) have established industry guidelines for measuring the rentable area of commercial properties. Incorporating this clause ensures that the rentable area adheres to BOMB standards, providing a consistent and widely accepted method for measuring spaces in Dallas. 4. Remediation Remeasurement Clause: In cases where the actual area differs from the rentable area due to construction errors or other unforeseen circumstances, the Remediation Remeasurement Clause allows for adjustments to be made after the completion of the space. This clause ensures fairness and encourages immediate rectification of any discrepancies. By including a Remeasurement Clause in their contracts, landlords and tenants in Dallas, Texas, can establish a fair and transparent understanding of the rentable and actual area, minimizing misunderstandings and conflicts related to space measurement. As these clauses cater to different circumstances, it is essential to carefully consider the specific needs and requirements of each real estate project when selecting and implementing a Remeasurement Clause.
