This office lease provision describes the standard of measurement for usable area in office buildings recommended by building owners and managers associations.
North Carolina Provisions Used for Measuring Additional or Option Space
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Multi-State
Control #:
US-OL705
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Word;
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How to fill out Provisions Used For Measuring Additional Or Option Space?
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FAQ
If the owner refuses, the listing agent should inform the owner that while the property can still be marketed, the agent will be required to fully disclose the existence of the unpermitted area, and do so in a manner that clearly informs any prospective purchaser that the seller expects the buyer to bear all costs of ...
Calculate the living area (and other area) by multiplying the length times the width of each rectangular space. Then add your subtotals and round off your figure for total square footage to the nearest square foot. Double-check your calculations. When in doubt, recheck them and, if necessary, re-measure the house.
Process quality is assessed primarily through observation and has been found to be more predictive of child outcomes than structural indicators such as staff to child ratio, group size, cost of care, and type of care (for example, child care center or family child care home).
Calculate the living area (and other area) by multiplying the length times the width of each rectangular space. Then add your subtotals and round off your figure for total square footage to the nearest square foot. Double-check your calculations.
Other useful areas such as unfinished basements or other unfinished interior spaces are worth mentioning but do not include the square footage of a garage, decks, carports or porches. The square footage measurements for HLA are taken from the exterior so the thickness of an outside wall is part of the square footage.
If you have to enter a room through an unheated space it is considered 'additional square footage' and should be reported separately. Finally, areas such as additions must be permitted, and if the property is on a septic system bedrooms advertised must match those permitted.
To be considered ?finished?, the area must have flooring, wall covering (trimmed) and ceiling. NOTE: Tax records may not be accurate ? be sure to confirm correct square footage. Do NOT include unfinished areas such as laundry room, furnace areas, storage areas that are not finished.
Providing inaccurate or conflicting square footage of a home can lead to a real estate lawsuit. Horiike v. Coldwell Banker is just one example. In this case, the selling agent overstated the home's square footage in the listing and did not correct or disclose knowledge of the inaccuracy.
