Remeasurement Clause Used When Variances Exist Between the Rentable and Actual Area of a Space to be Built
Understanding this form
The remeasurement clause is a key component of commercial office leases. It addresses variances that may occur between the rentable area outlined in lease documents and the actual area once construction is complete. This clause ensures that rental payments and associated costs are adjusted fairly based on the real space available, providing clarity and protection for both landlords and tenants. Unlike standard lease agreements, this form specifically focuses on the measurement discrepancies in newly constructed or modified premises.
Main sections of this form
- A definition of floor area relevant to the leased premises.
- Provisions for adjusting rental prices based on actual versus rentable space.
- Clauses outlining the right to measure the space and how disputes will be resolved.
- Time frames within which variances must be claimed.
- Specifics on how adjustments relate to taxes and cleaning costs.
When this form is needed
This form is essential when leasing a newly constructed office space where the actual area may differ from what was initially planned or indicated in the lease agreement. If you anticipate potential discrepancies between the measurements, using this remeasurement clause can help safeguard your financial interests by ensuring that rental obligations align with the true dimensions of the leased premises.
Who this form is for
- Landlords looking to protect their investment by ensuring they are compensated fairly.
- Tenants seeking assurance that they will not pay for space that is not available.
- Commercial real estate professionals involved in drafting or reviewing office leases.
- Property managers who oversee the leasing aspects of commercial buildings.
Steps to complete this form
- Identify the parties involved in the lease (landlord and tenant).
- Specify the property address and define the leased premises.
- Include the dimensions as noted in the original floor plan.
- Outline the process for observing and measuring the area once construction is complete.
- Detail the methods for resolving any disputes regarding floor area measurements.
Is notarization required?
This form does not typically require notarization unless specified by local law. However, it is always advisable to consult with a legal professional about specific requirements based on your state.
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 specify how measurements will be taken, leading to confusion.
- Not defining the floor area accurately, which can cause disputes later.
- Missing deadlines for claiming discrepancies which may result in losing the right to adjustments.
Why use this form online
- Convenient downloading and editing options to fit your specific situation.
- Access to attorney-drafted templates that ensure legal validity.
- Time-saving process compared to traditional drafting from scratch.
- The remeasurement clause adjusts rental terms based on the actual area of the leased space.
- It outlines clear procedures for both parties regarding verification and dispute resolution.
- Timeliness is crucial; disputes must be addressed within specified periods.
