This office lease provision describes the standard of measurement for usable area in office buildings recommended by building owners and managers associations.
Colorado Provisions, when used for measuring additional or option space, refer to a set of guidelines or regulations implemented in the state of Colorado, United States. These provisions outline the specific measurements and guidelines that must be followed when assessing the size or dimensions of additional or optional spaces within various properties or real estate developments. This helps ensure accurate and standardized measurements, promoting fairness and consistency in property appraisals, leasing, and other transactions. There are several types of Colorado Provisions commonly used for measuring additional or option space, including: 1. Leasable Square Footage: Colorado Provisions dictate how leasable square footage is calculated for commercial properties. This measurement includes the usable space that tenants can occupy within a property, and it typically excludes certain areas such as common areas, mechanical rooms, or structural columns. 2. Rentable Square Footage: Similar to leasable square footage, rentable square footage is commonly used in commercial leasing. These provisions define the total space that a tenant is responsible for paying rent on, including their individual leased area as well as a proportionate share of common areas like lobbies, hallways, or restrooms. 3. Gross Square Footage: Gross square footage is a comprehensive measurement that includes all areas within a property, including both the usable spaces and the common areas. It encompasses leasable or rentable square footage and additional areas such as stairwells, elevator shafts, or atria. 4. Net Square Footage: Net square footage refers to the actual usable area within a property, excluding shared areas and walls. Under Colorado Provisions, net square footage is often used when determining the specific dimensions or size of a space available for lease or purchase. These Colorado Provisions are crucial for various stakeholders, including property owners, tenants, real estate agents, appraisers, and developers. By providing standardized measurements and guidelines, they ensure transparency, accuracy, and fairness in leasing, appraisal processes, and other transactions involving the measurement of additional or option space within properties throughout Colorado.
