net leaseable area

net leaseable area
USA
The floor space that may be rented to tenants in a building. Depending on the agreed on terms of a particular lease, the rental payments are usually based on the net leasable area of the leased premises. Generally the net leasable area excludes non-leasable space such as common areas and space devoted to the heating and cooling of the building and other utility areas.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • gross leaseable area — USA In a leasing context, it is generally the area of a building that can be used by the tenants. It usually includes certain common areas, elevators, common bathrooms, stairwells, and other portions of the building that the tenants do not occupy …   Law dictionary

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