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.
Maricopa, Arizona is a vibrant city located in Pinal County, known for its growth and development opportunities. In the realm of real estate, one crucial aspect to consider when constructing a space is the accuracy of measurements. This is where the Maricopa Arizona Remeasurement Clause comes into play. It is utilized to address any discrepancies that may arise between the rentable area and the actual area of a space to be built. The purpose of the Maricopa Arizona Remeasurement Clause is to ensure fairness between tenants and landlords when it comes to evaluating lease agreements. It aims to avoid potential conflicts that may arise from variations in the size of a rented space caused by architectural design changes or other factors. This clause allows for a systematic approach to be implemented in determining the appropriate rent based on the actual area of the space. When it comes to the different types of Maricopa Arizona Remeasurement Clauses, the most common ones are: 1. Prior to Lease Agreement Clause: This clause specifies that all measurements and calculations will be conducted before the lease agreement is signed. It ensures that both parties are aware of the precise rentable and actual area of the space to avoid any future disputes. 2. Mid-Lease Remeasurement Clause: This type of clause allows for a remeasurement of the space during the lease term. It is usually triggered by specific circumstances such as substantial renovations, significant alterations, or physical modifications that result in a noticeable change in the area. 3. Post-Lease Remeasurement Clause: This clause is applicable after the lease agreement has ended. It allows the landlord or tenant to request a remeasurement of the space to determine the rent adjustment if there were any significant differences discovered between the rentable area initially agreed upon and the actual area. To ensure transparency and accuracy, the Maricopa Arizona Remeasurement Clause outlines the specific procedures that must be followed during the remeasurement process. It may require the involvement of a professional surveyor or architect to provide an unbiased assessment of the area. This ensures that all parties involved agree on the final measurements of the space, leading to fair and equitable lease agreements. In conclusion, the Maricopa Arizona Remeasurement Clause plays a vital role in the real estate industry, particularly when it comes to evaluating the rentable and actual area of a space to be built. By understanding the different types of clauses that can be incorporated, tenants and landlords can ensure transparency, avoid conflicts, and establish mutually beneficial lease agreements.Maricopa, Arizona is a vibrant city located in Pinal County, known for its growth and development opportunities. In the realm of real estate, one crucial aspect to consider when constructing a space is the accuracy of measurements. This is where the Maricopa Arizona Remeasurement Clause comes into play. It is utilized to address any discrepancies that may arise between the rentable area and the actual area of a space to be built. The purpose of the Maricopa Arizona Remeasurement Clause is to ensure fairness between tenants and landlords when it comes to evaluating lease agreements. It aims to avoid potential conflicts that may arise from variations in the size of a rented space caused by architectural design changes or other factors. This clause allows for a systematic approach to be implemented in determining the appropriate rent based on the actual area of the space. When it comes to the different types of Maricopa Arizona Remeasurement Clauses, the most common ones are: 1. Prior to Lease Agreement Clause: This clause specifies that all measurements and calculations will be conducted before the lease agreement is signed. It ensures that both parties are aware of the precise rentable and actual area of the space to avoid any future disputes. 2. Mid-Lease Remeasurement Clause: This type of clause allows for a remeasurement of the space during the lease term. It is usually triggered by specific circumstances such as substantial renovations, significant alterations, or physical modifications that result in a noticeable change in the area. 3. Post-Lease Remeasurement Clause: This clause is applicable after the lease agreement has ended. It allows the landlord or tenant to request a remeasurement of the space to determine the rent adjustment if there were any significant differences discovered between the rentable area initially agreed upon and the actual area. To ensure transparency and accuracy, the Maricopa Arizona Remeasurement Clause outlines the specific procedures that must be followed during the remeasurement process. It may require the involvement of a professional surveyor or architect to provide an unbiased assessment of the area. This ensures that all parties involved agree on the final measurements of the space, leading to fair and equitable lease agreements. In conclusion, the Maricopa Arizona Remeasurement Clause plays a vital role in the real estate industry, particularly when it comes to evaluating the rentable and actual area of a space to be built. By understanding the different types of clauses that can be incorporated, tenants and landlords can ensure transparency, avoid conflicts, and establish mutually beneficial lease agreements.
