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.
Missouri 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
Usable square feet is the space a tenant can use and occupy and has possession of. Rentable square feet is a real estate term, usually used for commercial spaces, for the amount of square feet the rent is based on. This area includes space outside of the actual rented area including stairways, lobbies, corridors, etc? Rentable Vs Usable Square Footage - Fontan Architecture fontanarchitecture.com ? rentable-square-feet-vs-u... fontanarchitecture.com ? rentable-square-feet-vs-u...
The first step in calculating RSF is to determine the usable square feet (USF) of the property. This can be done by measuring the length and width of each room or area of the property and then multiplying the two measurements together. This will give you the total USF for the property. How to Calculate Rentable Square Feet creonesource.com ? media ? how-to-calculate-rent... creonesource.com ? media ? how-to-calculate-rent...
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.
With rentable space you include the entire space of the apartment, including closets, stairs, and hallways, but you also include a portion of the common areas. For instance, if there is 100,000 square feet in apartment space and your apartment is 10,000 square feet, you occupy 10% of the available apartment space.
In reality, the gross leasable area of a building includes all the common areas, elevators, common bathrooms, stairwells, and other portions of the building that the tenant doesn't occupy (regularly). The actual square footage of the tenant's space is called the Net Rentable Area of the building. What is GLA - Gross Leasable Area in Commercial Real Estate ipgsf.com ? what-is-gla-gross-leasable-area ipgsf.com ? what-is-gla-gross-leasable-area
Rentable square feet is defined as the usable square feet plus a portion of the building's common space. Common spaces are areas usable by all tenants in the building and include, but are not limited to, hallways, lobbies, public restrooms, and fitness facilities. Rentable vs. Usable Square Footage: What's the Difference? aquilacommercial.com ? learning-center ? rentabl... aquilacommercial.com ? learning-center ? rentabl...
At its simplest, RSF is the total square footage of all rentable spaces in a building, while USF is the actual usable area within those spaces. Generally speaking, you can calculate rentable square feet by dividing the total RSF by its percentage of shared public space; this will give you an approximation of USF.
