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.
Salt Lake City, Utah, is a vibrant and bustling city located in the western United States. It serves as the capital of Utah and is known for its stunning mountain views, outdoor recreational opportunities, bustling downtown area, and thriving business community. The city's real estate market is a key aspect of its economic growth, with commercial properties playing a crucial role. Within the realm of commercial real estate in Salt Lake City, one important factor to consider is the existence of a Remeasurement Clause. This clause is used when there are variations between the rentable area and actual area of a space to be built. It helps in determining the accurate measurement of the area and ensures fair rental agreements between landlords and tenants. The Salt Lake Utah Remeasurement Clause is typically used to address any discrepancies between the rentable area stated in the lease agreement and the actual usable or acceptable area of a commercial property. Such variations can arise due to architectural design changes, construction errors, or other factors affecting the final usable space. Different types or variations of the Salt Lake Utah Remeasurement Clause may include: 1. Gross Area Remeasurement Clause: This type of clause focuses on the overall size of the occupied area, including common areas, hallways, and other shared spaces, and aims to accurately determine the usable square footage of the rented space. 2. Net Area Remeasurement Clause: In contrast to the gross area clause, the net area clause excludes specific common areas and focuses solely on the square footage of the tenant's rented space, ensuring accurate rent calculations based on usable area. 3. Usable Area Remeasurement Clause: This clause takes into account the area that is physically usable by the tenant, excluding areas with low ceiling heights, structural impediments, or limited accessibility. It ensures fair rental rates based on the tenant's actual usable square footage. 4. Common Area Remeasurement Clause: For spaces located within larger commercial complexes or buildings, this clause may be utilized to determine the accurate square footage of the shared or common areas, which are collectively maintained and used by all tenants. It helps in allocating common area expenses and determining the tenant's proportional share. By incorporating the appropriate Remeasurement Clause in lease agreements, Salt Lake City landlords and tenants can establish a fair and transparent rental framework. This ensures that leased spaces are accurately measured and priced, avoiding potential disputes related to rent discrepancies and promoting a harmonious landlord-tenant relationship.Salt Lake City, Utah, is a vibrant and bustling city located in the western United States. It serves as the capital of Utah and is known for its stunning mountain views, outdoor recreational opportunities, bustling downtown area, and thriving business community. The city's real estate market is a key aspect of its economic growth, with commercial properties playing a crucial role. Within the realm of commercial real estate in Salt Lake City, one important factor to consider is the existence of a Remeasurement Clause. This clause is used when there are variations between the rentable area and actual area of a space to be built. It helps in determining the accurate measurement of the area and ensures fair rental agreements between landlords and tenants. The Salt Lake Utah Remeasurement Clause is typically used to address any discrepancies between the rentable area stated in the lease agreement and the actual usable or acceptable area of a commercial property. Such variations can arise due to architectural design changes, construction errors, or other factors affecting the final usable space. Different types or variations of the Salt Lake Utah Remeasurement Clause may include: 1. Gross Area Remeasurement Clause: This type of clause focuses on the overall size of the occupied area, including common areas, hallways, and other shared spaces, and aims to accurately determine the usable square footage of the rented space. 2. Net Area Remeasurement Clause: In contrast to the gross area clause, the net area clause excludes specific common areas and focuses solely on the square footage of the tenant's rented space, ensuring accurate rent calculations based on usable area. 3. Usable Area Remeasurement Clause: This clause takes into account the area that is physically usable by the tenant, excluding areas with low ceiling heights, structural impediments, or limited accessibility. It ensures fair rental rates based on the tenant's actual usable square footage. 4. Common Area Remeasurement Clause: For spaces located within larger commercial complexes or buildings, this clause may be utilized to determine the accurate square footage of the shared or common areas, which are collectively maintained and used by all tenants. It helps in allocating common area expenses and determining the tenant's proportional share. By incorporating the appropriate Remeasurement Clause in lease agreements, Salt Lake City landlords and tenants can establish a fair and transparent rental framework. This ensures that leased spaces are accurately measured and priced, avoiding potential disputes related to rent discrepancies and promoting a harmonious landlord-tenant relationship.
