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.
Riverside California is a vibrant city located in the Inland Empire region of Southern California. Known for its warm climate, beautiful scenery, and diverse population, Riverside offers a wide range of attractions, amenities, and opportunities for residents and visitors alike. One important aspect of the real estate industry in Riverside is the utilization of the Riverside California Remeasurement Clause. This clause is applied when there are discrepancies between the rentable and actual area of a space to be built or leased. In such cases, the clause enables fair measurement adjustments to ensure accurate rent calculations, transparency, and fairness for both landlords and tenants. There are different types of Riverside California Remeasurement Clauses that may be used in situations where variances exist between the rentable and actual area of a space. These clauses allow for specific rules and guidelines for measuring and adjusting the rentable area. Some common types include: 1. Gross-up Remeasurement Clause: This type of clause accounts for common areas within a building, such as hallways, lobbies, and restrooms, which are shared by all tenants. The gross-up remeasurement clause enables landlords to allocate a portion of these shared spaces to each tenant, thereby adjusting the rentable area accordingly. 2. Exterior Wall Remeasurement Clause: When variances exist due to exterior wall thickness or structural elements, this type of clause takes into account the actual usable space inside the exterior walls. It ensures that the rentable area is accurately calculated based on the usable space rather than including unnecessary exterior wall areas. 3. Common Area Remeasurement Clause: In buildings with shared amenities like fitness centers, conference rooms, or parking areas, this clause ensures that the rentable area is adjusted to exclude these common areas. Each tenant is only responsible for paying rent for their actual occupied space, eliminating additional charges for shared facilities. 4. Common Circulation Remeasurement Clause: When there are variances caused by excessive hallways or circulation spaces within a leased area, this clause allows for adjustments to exclude these areas from the rentable area calculation. It ensures that tenants are not charged for spaces that are not directly used for their operations. By using these different types of Riverside California Remeasurement Clauses, disputes regarding rentable area discrepancies can be effectively resolved. These clauses provide a framework for fair measurement adjustments, allowing both landlords and tenants to establish accurate rent calculations and prevent any potential conflicts down the line. Overall, the utilization of these clauses ensures transparency, fairness, and efficiency in the Riverside real estate market.Riverside California is a vibrant city located in the Inland Empire region of Southern California. Known for its warm climate, beautiful scenery, and diverse population, Riverside offers a wide range of attractions, amenities, and opportunities for residents and visitors alike. One important aspect of the real estate industry in Riverside is the utilization of the Riverside California Remeasurement Clause. This clause is applied when there are discrepancies between the rentable and actual area of a space to be built or leased. In such cases, the clause enables fair measurement adjustments to ensure accurate rent calculations, transparency, and fairness for both landlords and tenants. There are different types of Riverside California Remeasurement Clauses that may be used in situations where variances exist between the rentable and actual area of a space. These clauses allow for specific rules and guidelines for measuring and adjusting the rentable area. Some common types include: 1. Gross-up Remeasurement Clause: This type of clause accounts for common areas within a building, such as hallways, lobbies, and restrooms, which are shared by all tenants. The gross-up remeasurement clause enables landlords to allocate a portion of these shared spaces to each tenant, thereby adjusting the rentable area accordingly. 2. Exterior Wall Remeasurement Clause: When variances exist due to exterior wall thickness or structural elements, this type of clause takes into account the actual usable space inside the exterior walls. It ensures that the rentable area is accurately calculated based on the usable space rather than including unnecessary exterior wall areas. 3. Common Area Remeasurement Clause: In buildings with shared amenities like fitness centers, conference rooms, or parking areas, this clause ensures that the rentable area is adjusted to exclude these common areas. Each tenant is only responsible for paying rent for their actual occupied space, eliminating additional charges for shared facilities. 4. Common Circulation Remeasurement Clause: When there are variances caused by excessive hallways or circulation spaces within a leased area, this clause allows for adjustments to exclude these areas from the rentable area calculation. It ensures that tenants are not charged for spaces that are not directly used for their operations. By using these different types of Riverside California Remeasurement Clauses, disputes regarding rentable area discrepancies can be effectively resolved. These clauses provide a framework for fair measurement adjustments, allowing both landlords and tenants to establish accurate rent calculations and prevent any potential conflicts down the line. Overall, the utilization of these clauses ensures transparency, fairness, and efficiency in the Riverside real estate market.
