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 Harris Texas Remeasurement Clause is used when there are variances between the rentable and actual area of a space that is being constructed. This clause ensures that fair adjustments are made to the lease agreement to account for any variations in the actual space that was originally intended to be rented. The purpose of the Harris Texas Remeasurement Clause is to maintain transparency and fairness between the landlord and tenant when there are differences in the size of the space. It provides a mechanism to accurately measure and determine the actual usable area of the premises, allowing for appropriate adjustments to the rent and lease terms. Various types of the Harris Texas Remeasurement Clause exist, depending on the specific circumstances and agreements between the parties involved. Some of these types may include: 1. Basic or Standard Remeasurement Clause: This clause typically specifies the method to be used for determining the actual usable area, such as the American National Standards Institute (ANSI) or Building Owners and Managers Association (BOMB) guidelines. 2. Gross-Up Remeasurement Clause: Often used in multi-tenant buildings, this clause allows for adjustments to be made to consider common areas shared among tenants, like hallways, lobbies, or restrooms. It ensures fair allocation of these shared spaces among all tenants. 3. Proportional Remeasurement Clause: In cases where a tenant occupies only a portion of a larger building, this clause applies. It considers the tenant's share of the building's common areas and calculates rent based on the proportional usable area. 4. Floor Area Ratio (FAR) Remeasurement Clause: This type of clause is more commonly used in urban or commercial developments where the total floor area is limited by local zoning restrictions. It measures and adjusts the rent based on the proportion of usable area compared to the total permitted floor area. 5. Remediation Remeasurement Clause: This clause provides a mechanism to resolve disputes or rectify any identified inaccuracies in the initial measurement. It outlines the process for re-evaluation, measurement, and corresponding rent adjustments to ensure fairness. It is important for both landlords and tenants in Harris Texas to understand and include an appropriate Remeasurement Clause in their lease agreements to safeguard their rights and maintain fairness when discrepancies exist between the rentable and actual area of a space being constructed.The Harris Texas Remeasurement Clause is used when there are variances between the rentable and actual area of a space that is being constructed. This clause ensures that fair adjustments are made to the lease agreement to account for any variations in the actual space that was originally intended to be rented. The purpose of the Harris Texas Remeasurement Clause is to maintain transparency and fairness between the landlord and tenant when there are differences in the size of the space. It provides a mechanism to accurately measure and determine the actual usable area of the premises, allowing for appropriate adjustments to the rent and lease terms. Various types of the Harris Texas Remeasurement Clause exist, depending on the specific circumstances and agreements between the parties involved. Some of these types may include: 1. Basic or Standard Remeasurement Clause: This clause typically specifies the method to be used for determining the actual usable area, such as the American National Standards Institute (ANSI) or Building Owners and Managers Association (BOMB) guidelines. 2. Gross-Up Remeasurement Clause: Often used in multi-tenant buildings, this clause allows for adjustments to be made to consider common areas shared among tenants, like hallways, lobbies, or restrooms. It ensures fair allocation of these shared spaces among all tenants. 3. Proportional Remeasurement Clause: In cases where a tenant occupies only a portion of a larger building, this clause applies. It considers the tenant's share of the building's common areas and calculates rent based on the proportional usable area. 4. Floor Area Ratio (FAR) Remeasurement Clause: This type of clause is more commonly used in urban or commercial developments where the total floor area is limited by local zoning restrictions. It measures and adjusts the rent based on the proportion of usable area compared to the total permitted floor area. 5. Remediation Remeasurement Clause: This clause provides a mechanism to resolve disputes or rectify any identified inaccuracies in the initial measurement. It outlines the process for re-evaluation, measurement, and corresponding rent adjustments to ensure fairness. It is important for both landlords and tenants in Harris Texas to understand and include an appropriate Remeasurement Clause in their lease agreements to safeguard their rights and maintain fairness when discrepancies exist between the rentable and actual area of a space being constructed.
