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.
A San Jose California Remeasurement Clause is a contractual provision used when there are variances between the rentable and actual area of a space to be built within the city of San Jose, California. This clause provides a mechanism for accurately measuring and adjusting the rentable area of a commercial space, ensuring fair rental calculations for both tenants and landlords. Keywords: San Jose, California, Remeasurement Clause, variances, rentable area, actual area, space to be built, contractual provision, fair rental calculations, tenants, landlords. Types of San Jose California Remeasurement Clauses Used When Variances Exist Between the Rentable and Actual Area of a Space to be Built: 1. Standard Remeasurement Clause: This type of clause is commonly included in lease agreements within San Jose, California, to address potential discrepancies between the initially agreed-upon rentable area and the actual area of the space once it is built. It outlines the procedures and criteria for remeasuring the space and adjusting the rent accordingly. 2. Arbitration-based Remeasurement Clause: Sometimes, a San Jose California Remeasurement Clause may include an arbitration provision. This means that in case of disputes or disagreements regarding the measurement process or the adjustment of rentable area, a neutral third-party arbitrator will be involved to settle the matter objectively and efficiently. 3. Third-Party Measurement Clause: In certain situations, the San Jose California Remeasurement Clause may require the involvement of a professional, independent third-party measurement service. This ensures unbiased and accurate measurements of the space to be built, reducing the possibility of disputes between the parties involved. 4. Cost-Share Remeasurement Clause: In some instances, the clause may specify that both the landlord and tenant will share the cost of the remeasurement process. This fair distribution of costs encourages cooperation and transparency during the measurement process, fostering a productive relationship between the parties. 5. Frequency-based Remeasurement Clause: While not always included, a San Jose California Remeasurement Clause may also specify the frequency or intervals at which the rentable area should be remeasured. This is particularly useful in long-term lease agreements to ensure that the rent accurately reflects the actual area throughout the lease term. Overall, San Jose California Remeasurement Clauses provide a clear framework for resolving discrepancies between the rentable and actual area of a space to be built, fostering transparency, fairness, and a mutually beneficial relationship between tenants and landlords.
A San Jose California Remeasurement Clause is a contractual provision used when there are variances between the rentable and actual area of a space to be built within the city of San Jose, California. This clause provides a mechanism for accurately measuring and adjusting the rentable area of a commercial space, ensuring fair rental calculations for both tenants and landlords. Keywords: San Jose, California, Remeasurement Clause, variances, rentable area, actual area, space to be built, contractual provision, fair rental calculations, tenants, landlords. Types of San Jose California Remeasurement Clauses Used When Variances Exist Between the Rentable and Actual Area of a Space to be Built: 1. Standard Remeasurement Clause: This type of clause is commonly included in lease agreements within San Jose, California, to address potential discrepancies between the initially agreed-upon rentable area and the actual area of the space once it is built. It outlines the procedures and criteria for remeasuring the space and adjusting the rent accordingly. 2. Arbitration-based Remeasurement Clause: Sometimes, a San Jose California Remeasurement Clause may include an arbitration provision. This means that in case of disputes or disagreements regarding the measurement process or the adjustment of rentable area, a neutral third-party arbitrator will be involved to settle the matter objectively and efficiently. 3. Third-Party Measurement Clause: In certain situations, the San Jose California Remeasurement Clause may require the involvement of a professional, independent third-party measurement service. This ensures unbiased and accurate measurements of the space to be built, reducing the possibility of disputes between the parties involved. 4. Cost-Share Remeasurement Clause: In some instances, the clause may specify that both the landlord and tenant will share the cost of the remeasurement process. This fair distribution of costs encourages cooperation and transparency during the measurement process, fostering a productive relationship between the parties. 5. Frequency-based Remeasurement Clause: While not always included, a San Jose California Remeasurement Clause may also specify the frequency or intervals at which the rentable area should be remeasured. This is particularly useful in long-term lease agreements to ensure that the rent accurately reflects the actual area throughout the lease term. Overall, San Jose California Remeasurement Clauses provide a clear framework for resolving discrepancies between the rentable and actual area of a space to be built, fostering transparency, fairness, and a mutually beneficial relationship between tenants and landlords.
