This office lease provision describes the standard of measurement for usable area in office buildings recommended by building owners and managers associations.
Kentucky Provisions Used for Measuring Additional or Option Space: A Comprehensive Guide Do you find it challenging to accurately measure additional or option space in Kentucky? Look no further! In this detailed description, we will discuss the various provisions used in Kentucky to measure additional or option space. Additionally, we will highlight different types of Kentucky provisions that can aid in this process. Keywords: Kentucky, provisions, measuring, additional space, option space, types 1. Kentucky Measurement Provisions: Kentucky, like many other states, has established specific provisions for measuring additional or option space to ensure consistency and fairness in real estate transactions. The following provisions are commonly used: a. Square Footage: The most common measurement provision is square footage, which quantifies the space based on a two-dimensional measurement. It involves calculating the area (length multiplied by width) of the space. b. Cubic Footage: In some cases, especially for commercial properties, cubic footage is used to measure additional or option space. Cubic footage considers the height of the space as well, providing a more accurate representation of the available area. c. Usable Space: Usable space refers to the portion of a property that can be utilized practically. It excludes areas like walls, columns, or other non-usable components. d. Rentable Area: Rentable area is typically relevant for commercial spaces. It includes the usable space plus a proportionate share of common areas, such as hallways, lobbies, and restrooms, which are shared by all tenants. e. Gross Leasable Area (GLA): GLA is another commercial-specific measurement provision. It encompasses the total floor area available for lease, excluding areas like stairways, elevators, and walls. 2. Different Types of Kentucky Provisions: While the provisions mentioned above are commonly used in Kentucky, it is important to note that specific properties or real estate sectors may require additional or different measurements. Here are a few examples: a. Residential Real Estate: In the residential sector, additional provisions such as livable area, including the dimensions of living rooms, bedrooms, kitchens, and bathrooms, may be considered while measuring additional or option space. b. Commercial Warehouses: For measuring additional space in commercial warehouses, provisions like pallet positions, rack storage, or usable floor areas might be utilized. c. Agricultural Land: In the case of agricultural land or farms, acreage measurements are commonly used to determine the available space. d. Industrial Buildings: Industries may focus on specialized provisions, such as cubic footage along with floor load capacities or ceiling height restrictions when measuring additional or option space. e. Retail Spaces: Retail spaces often employ provisions like frontage width, linear footage, or customer usable floor area when measuring additional or option space. In conclusion, measuring additional or option space in Kentucky involves applying specific measurement provisions to ensure accuracy and consistency in real estate transactions. Square footage, cubic footage, usable space, rentable area, and gross leasable area are some commonly used provisions. However, different property types or sectors may require additional or different measurements to accurately determine the available space. It is always advisable to consult local regulations and professionals when measuring additional or option space.
