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.
Hawaii Remeasurement Clause Used When Variances Exist Between the Rentable and Actual Area of a Space to be Built
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How to fill out Remeasurement Clause Used When Variances Exist Between The Rentable And Actual Area Of A Space To Be Built?
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FAQ
A rent escalation clause is a common provision in commercial lease agreements that allows for periodic rent increases over the lease term. The purpose of the clause is to adjust the rental rate to account for changes in market conditions, inflation, and the cost of living over time.
What Are Lease Clauses? A lease clause is a specific part of a contract or rental agreement between the landlord and tenant. These clauses need to be compliant with local state laws and other agreements between the two parties.
Use Clauses This clause defines how the tenant can and can't use the property they're leasing. The use clause may be very specific, so it's important that you read its terms carefully.
The Use Clause and Exclusive Clause Some landlords want to limit how you'll use the rented space. The limitations can be as broad as what business you'll conduct there, as narrow as what specific services or products you'll offer, or as nebulous as the quality level of your operation.
This can protect a landlord where a tenant is using the space for an unauthorized use. A clear use clause can also protect a tenant if the landlord's actions prevent, or substantially interfere with, the tenant's possession, use, and enjoyment of the premises for the purposes for which they were leased.
The attornment clause requires tenants to acknowledge any new owner of the property as the landlord.
