Lease Area Meaning Net Leasable Area is the term used to determine which area of a floor or office suite can be occupied by the tenant but it does not consider the Limited Common Area LCA covering the common lift lobbies toilets and hallways etc
The most popular definition of Lease Area in our template library is Lease Area means the predetermined section of a property to which a lease applies Leased Area of the Premises means the Premises area measured under the BOMA Standard subject to the provisions of Clause 14 5 of the Preliminary Agreement
Lease Area Meaning
Lease Area Meaning
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Leased Area means the specified area within the Project Site for commercial development as detailed in the Schedule A given on lease by DMRC to the Lessee under and in accordance with this Agreement The Leased Space s is demarcated in the In reality the gross leasable area of a building includes all the common areas elevators common bathrooms stairwells and other portions of the building that the tenant doesn t occupy regularly
In commercial real estate there are two main measurements used to determine the size of the lease space net lettable area NLA and gross lettable area GLA These are the two most often used measures of commercial lease space in Australia Find here the meaning of net leasable area in real estate describing the space a tenant can use in a leased building unit such as storage units and floors
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Lease Area Surveys are carried out to measure the area of land or space within a building This area becomes the basis for determining the rental value of the premises or land under the terms of a lease agreement Gross Leasable Area GLA refers to the total floor area available for lease to tenants It includes all spaces within the outer walls of a building that can generate rental income such as retail spaces office areas and certain storage spaces
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Net Leasable Area is the term used to determine which area of a floor or office suite can be occupied by the tenant but it does not consider the Limited Common Area LCA covering the common lift lobbies toilets and hallways etc
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The most popular definition of Lease Area in our template library is Lease Area means the predetermined section of a property to which a lease applies
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Lease Area Meaning - In reality the gross leasable area of a building includes all the common areas elevators common bathrooms stairwells and other portions of the building that the tenant doesn t occupy regularly
