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.
Keywords: Arkansas, Remeasurement Clause, variances, Rentable area, Actual area, Space Description: The Arkansas Remeasurement Clause is a legal provision used when discrepancies or variances are identified between the rentable area and the actual area of a space that is intended to be built or leased. This clause serves to ensure fair and accurate measurements of a property, establishing a legal framework for resolving differences between what was originally agreed upon and the actual size of the space. In situations where the rentable area specified in a lease differs from the actual area, the Arkansas Remeasurement Clause allows for reevaluation and potential adjustments. This clause is generally included in lease agreements to protect the rights and interests of both landlords and tenants. The remeasurement process typically involves engaging professional surveyors or architects to accurately measure the space. They assess and calculate the exact size, taking into account factors that may have influenced the original variance, such as architectural design, common areas, and shared spaces. Based on their findings, adjustments to the rentable area may be made, which can impact rental charges and other lease-related calculations. While the Arkansas Remeasurement Clause encompasses the general concept of resolving differences between rentable and actual areas, there are no specific different types outlined in current literature. However, various sub-clauses or provisions can be customized to address specific situations or conditions unique to each lease agreement. These may include clauses dictating the measurement methodology, dispute resolution mechanisms, rights of inspection, and procedures for conducting remeasurements. In conclusion, the Arkansas Remeasurement Clause serves as a valuable tool for ensuring fair and transparent dealings between landlords and tenants when variations exist between the rentable and actual areas. It allows for accurate measurements, promotes clarity in lease agreements, and supports the creation of equitable leasing relationships in the state of Arkansas.
