Rentable areas, also known as leasable areas, refer to the total space within residential or commercial property that can be rented out to tenants. These areas are used in sale and lease documents to determine the usable space available to tenants for their specific purposes. Rentable areas are crucial for both landlords and tenants, as they establish the basis for rental calculations and capital value.
As a surveyor, our job is to accurately measure the area of the building used by the tenant or prospective purchaser.
These measurements are based on:
“The Guide for the Measurement of Rentable Areas” for measuring floor space in commercial and industrial buildings, office accommodation, retail premises, warehouses and factories.
and;
“The Guide for Measurement of Residential Properties” for measuring floor space in residential buildings including single dwellings, town houses, and apartments.
In sale and lease documents, rentable areas include:
Years of Experience
Projects
