Florida Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers

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US-OL301A
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Description

This office lease form describes provisions for using the area in the case of a single tenancy floor, within the exterior walls of the New Building, or, in the case of a multiple occupancy floor, within the exterior walls, party walls or corridor walls which is considered to be usable area.

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FAQ

Floor area ratio (FAR) is the measurement of a building's floor area in relation to the size of the lot/parcel that the building is located on. FAR is expressed as a decimal number, and is derived by dividing the total area of the building by the total area of the parcel (building area ÷ lot area).

In English the principal floor or main floor of a house is the floor that contains the chief apartments; it is usually the ground floor, or the floor above.

Floor area. A floor area of a building or buildings is the sum of the gross horizontal areas of the several floors of all buildings on the lot, measured from the exterior faces of exterior walls, or from the center line of walls separating two buildings.

The Gross Floor Area (GFA) is the total property square footage, as measured between the exterior walls of the building(s). This includes all areas inside the building(s) including supporting areas.

In architecture, construction, and real estate, floor area, floor space, or floorspace is the area (measured as square feet or square metres) taken up by a building or part of it.

Main Floor Area means for residential buildings, the total area of the mainfloor of a building measured from the outside of the exterior walls.

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Florida Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers