Provision Using Floor Area as the Measurement Standard for Midtown Manhattan Modern Office Towers
What this document covers
This form is a Provision Using Floor Area as the Measurement Standard for Midtown Manhattan Modern Office Towers, designed to define the calculation of floor area within an office lease. It establishes clear guidelines for measuring the total usable space, enhancing transparency between landlords and tenants. Unlike other lease agreements, this provision is tailored specifically for modern office towers in Midtown Manhattan, ensuring compliance with local standards and expectations.
Key components of this form
- Definition of floor area, specifying the measurement from inside the exterior and demising walls.
- Exclusions from the total area, such as public stairs, elevator shafts, and columns not shown on the floor plans.
- Provisions for the lobby floor area measurement.
- Clarification on the area calculations pertinent to office leases in Midtown Manhattan.
When to use this document
This form is essential when entering into a lease agreement for office spaces in modern towers located in Midtown Manhattan. It should be used whenever the parties need to explicitly agree on how to calculate floor area, particularly for negotiation of rental terms based on usable space. This ensures both parties have a common understanding and reduces potential disputes related to space measurement.
Intended users of this form
- Landlords or property management companies leasing office space in Midtown Manhattan.
- Tenants seeking clarity on the measurement of the leased office space.
- Commercial real estate agents involved in leasing transactions.
- Legal professionals preparing lease agreements for clients in the property sector.
How to prepare this document
- Identify the parties involved in the lease agreement.
- Specify the office property details, including address and specific floor being leased.
- Indicate the calculated floor area based on the defined measurement criteria.
- Outline any exclusions from the floor area in accordance with the lease requirements.
- Ensure all parties sign and date the document to validate the agreement.
Is notarization required?
Notarization is not commonly needed for this form. However, certain documents or local rules may make it necessary. Our notarization service, powered by Notarize, allows you to finalize it securely online anytime, day or night.
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Avoid these common issues
- Failing to include all defined exclusions from the floor area.
- Misunderstanding the measurement standards between different lease agreements.
- Not clearly specifying the parties involved, leading to ambiguity.
- Overlooking the need for all parties to review and agree to the defined floor area before signing.
Advantages of online completion
- Easy access to customized forms created by licensed attorneys.
- Ability to quickly download and edit the form to meet specific leasing needs.
- Convenience of filling out the form from the comfort of your home or office.
- Reduces the risk of errors by providing a structured format based on legal standards.
Legal use & context
- The provision establishes a legally binding agreement on how floor area is calculated.
- Helps prevent disputes related to space measurement between landlords and tenants.
- Ensures the lease complies with local commercial leasing laws.
Looking for another form?
Form popularity
FAQ
1) Absolutely engage the services of a tenant representation broker. 2) Introduce competition into the negotiation. 3) Start early. 4) Do not accept the landlord's first proposal. 5) Ask for more than you can get. 6) Ask for more than just a great rate. 7) Do not expect returns on your good tenancy.
The Gross Lease. The gross lease tends to favor the tenant. The Net Lease. The net lease, however, tends to favor the landlord. The Modified Gross Lease.
In a full-service lease, or gross lease, the tenant pays the base rent, and the landlord pays for the utilities, insurance, taxes and other costs of operating the building.In a net lease, by contrast, the tenants pay a portion of the operating costs of the building.
A leased office is also referred to as a conventional or traditional office, and is let to a business owner by its landlord for a certain period of time.
