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.
Kentucky 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
Triple net leases are one of the most widely used types of commercial real estate leases. In this arrangement, the tenant pays rent, a share of property taxes, a share of insurance, and a fixed fee for common area maintenance and operating expenses.
A Standard Clause defining the leased premises for a commercial real estate lease with language allowing the parties to remeasure the premises. A tenant's right to remeasure is generally a tenant-favorable concept, but this Standard Clause offers a landlord-friendly alternative for remeasurement.
Percentage leases are most commonly used for retail properties (especially malls). In a percentage lease, tenants pay a base rent plus a portion of the gross sales they make from conducting business in the building.
Gross Lease Gross leases are most common for commercial properties such as offices and retail space. The tenant pays a single, flat amount that includes rent, taxes, utilities, and insurance.
tenant net lease can be a single, double, or triple net lease in which the property is 100% leased to one tenant. Typically these are singletenant triple net leases, and the tenant is responsible for all propertyrelated expenses. Expect to use this type of commercial lease for retailers and restaurants.
A net lease is perhaps the most common form of commercial lease agreement. With a net lease, the tenant is responsible for a base rent payment, plus additional expenses associated with the property. That might include one or multiple additional expenses, including: Utilities.
