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 .
South Carolina 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
Hear this out loud PauseBuilding Area ? The sum of the floor area of all floors in all buildings on a site. Unlike "Floor Area," building area includes garages, carports, storage buildings, and other attached or detached accessory structures.
Hear this out loud PauseWHAT IS FAR? Floor area ratio (FAR) is the measurement of a building's floor area in relation to the size of the lot/parcel that the building is located on. FAR is expressed as a decimal number, and is derived by dividing the total area of the building by the total area of the parcel (building area ÷ lot area).
Hear this out loud PauseThe benefits of Floor Area Ratio (FAR) in commercial real estate are that it allows for higher project density, which can lead to increased property value.
Local governments use the floor area ratio for zoning codes. You may determine the ratio by dividing the total or gross floor area of the building by the gross area of the lot.
Get the total area of the finished floor, including each floor. Divide that by the square footage of the lot. Total Floor area 2500 sq ft. Total land area 10,000 sq ft. FAR = 2500/10000=25%
FSR is calculated by dividing the total floor area of a building by the total area of the land, (or site area).
Lot coverage (%) equals total footprint area divided by lot area, times 100.
Proportional Stories Option ? The total Residential Floor Area of each story other than the Base Floor in a multi-story building does not exceed 75% of the Base Floor area; this option in only available for buildings on a natural/existing ?flat? (less than 15% slope) pad.
