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 .
Minnesota Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers
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US-OL301A
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How to fill out Provision Using Usable Area As The Measurement Standard For Midtown Manhattan Modern Office Towers?
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FAQ
Calculating Usable Square Footage Your usable square footage is the actual area of your space as measured within the demising exterior walls of your suite. If you have a 200-foot by 200-foot rectangular space, you would multiply the 200 feet of length by the 200 feet of width to come up with 40,000 usable square feet.
Glossary Term Defined Fully-enclosed space that is available for the exclusive use of a building occupant for personnel, materials, furniture, fixtures and equipment.
The usable area of a house is calculated by measuring the area of each of the rooms, adding the areas of the rooms and subtracting the areas of the structural elements and perimeter walls. In general, the usable area of a dwelling refers to the area that can be walked on and used within the property.
The Usable Area of an office is computed by measuring to the finished surface side of the office side of corridor and other permanent walls, to the center of the partitions that separate the office from adjoining Usable Areas, and to the inside finished surface of the dominant portions of the permanent outer building ...
The usable area is measured from one of three points: The office side of the common corridor wall. The inside of the external wall of the building. The middle of partition wall, separating two adjacent tenant spaces.
Rentable Square Footage differs from Usable Square Footage in that Usable Square Footage is the tenant's specific space they occupy whereas Rentable Square Footage also includes a portion or percentage of the property's common areas.
Calculating Usable Square Footage Your usable square footage is the actual area of your space as measured within the demising exterior walls of your suite. If you have a 200-foot by 200-foot rectangular space, you would multiply the 200 feet of length by the 200 feet of width to come up with 40,000 usable square feet.
The actual occupiable area of a floor. Usable area can house furniture and personnel. A floor's usable area is calculated by subtracting the floor's service areas and vertical penetration areas from its internal gross area.
