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 King Washington Remeasurement Clause is a legal provision that comes into play when there are variations between the rentable and actual area of a space to be constructed or built. This clause is typically added to lease agreements or contracts to address any discrepancies in the measurements of the property. By including this clause, it ensures that both the tenant and the landlord have a fair and agreed-upon mechanism for dealing with any differences in the actual square footage of the space being leased. The King Washington Remeasurement Clause is employed to ensure transparency and avoid disputes that may arise due to the differences in the calculated area of a property. It provides a framework for determining the fair rent and resolving conflicts between the parties involved. In essence, it helps protect the rights and interests of both the tenant and the landlord, as well as maintains a level of fairness in the leasing agreement. Different types of King Washington Remeasurement Clauses may exist depending on various factors such as the precise details of the construction project, the parties involved, and the specific terms agreed upon. Each of these clauses aims to cater to the unique circumstances of the property in question. For instance, some types of remeasurement clauses may allow for adjustments in the rent based on the difference in square footage, while others may provide guidelines on how to resolve disputes through mediation or third-party inspection. The primary purpose of the King Washington Remeasurement Clause is to ensure that the financial obligations and rights of both the tenant and the landlord are based on the actual size of the space being leased. By clearly defining the process of remeasurement, it establishes a standard approach for determining potential adjustments in rent or resolving any disputes related to the square footage of the property. In conclusion, the King Washington Remeasurement Clause is a critical clause in lease agreements or contracts that deals with discrepancies between the rentable and actual area of a space to be constructed. It is designed to provide a fair and transparent mechanism for addressing any variations in square footage, ensuring that both parties are protected and any potential conflicts are resolved in a mutually agreeable manner.The King Washington Remeasurement Clause is a legal provision that comes into play when there are variations between the rentable and actual area of a space to be constructed or built. This clause is typically added to lease agreements or contracts to address any discrepancies in the measurements of the property. By including this clause, it ensures that both the tenant and the landlord have a fair and agreed-upon mechanism for dealing with any differences in the actual square footage of the space being leased. The King Washington Remeasurement Clause is employed to ensure transparency and avoid disputes that may arise due to the differences in the calculated area of a property. It provides a framework for determining the fair rent and resolving conflicts between the parties involved. In essence, it helps protect the rights and interests of both the tenant and the landlord, as well as maintains a level of fairness in the leasing agreement. Different types of King Washington Remeasurement Clauses may exist depending on various factors such as the precise details of the construction project, the parties involved, and the specific terms agreed upon. Each of these clauses aims to cater to the unique circumstances of the property in question. For instance, some types of remeasurement clauses may allow for adjustments in the rent based on the difference in square footage, while others may provide guidelines on how to resolve disputes through mediation or third-party inspection. The primary purpose of the King Washington Remeasurement Clause is to ensure that the financial obligations and rights of both the tenant and the landlord are based on the actual size of the space being leased. By clearly defining the process of remeasurement, it establishes a standard approach for determining potential adjustments in rent or resolving any disputes related to the square footage of the property. In conclusion, the King Washington Remeasurement Clause is a critical clause in lease agreements or contracts that deals with discrepancies between the rentable and actual area of a space to be constructed. It is designed to provide a fair and transparent mechanism for addressing any variations in square footage, ensuring that both parties are protected and any potential conflicts are resolved in a mutually agreeable manner.
