Define: Net Lettable Area

How is Net Lettable Area defined in a legal contract?

• Net Lettable Area means the space within the finished interior walls, excluding certain specified areas. Seen in 5 SEC filings
• Net Lettable Area means the floor area within a building that is available for lease and for which rent is charged, typically excluding common areas and areas used to house building and property management services. Seen in 4 SEC filings
• Net Lettable Area means the total spaces within Office Tower that are available and can be used exclusively by [organization]. For the purpose of calculating the Purchase Price, the Net Lettable Area in excess of a certain percentage of the initially estimated Net Lettable Area of the office tower should be ignored. Seen in 2 SEC filings
• Net Lettable Area or ""nla"" means the space of all floors within the finished internal walls, excluding certain specified areas. Seen in 2 SEC filings
• Net Lettable Area means the space in the [site] that is to be leased for retail purposes, excluding common areas such as corridors, lift shafts, fire escape, staircases and toilets. The said Net Lettable Area should not, in any case, be less than a specified square meters. Seen in 1 SEC filing
• Net Lettable Area means the net lettable area of the [building] calculated in accordance with the provisions of [clause]. Seen in 1 SEC filing
• Net Lettable Area or ""nla"" means the space within the finished interior walls, not including certain listed areas. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of net lettable area' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Net Lettable Area means the internal space available for lease, excluding common areas.

Relevant Contract Types

• Commercial Lease Agreement
• Office Space Lease Agreement
• Retail Lease Agreement
• Sublease Agreement

Relevant Circumstances

• Negotiation of commercial property leases
• Lease agreement renewals
• Assessment of property for property management purposes
• Establishment of rental rates

Relevant Sectors

• Real Estate
• Retail
• Hospitality
• Commercial Services

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Genie Definition 2

• Net Lettable Area or ""nla"" means the total floor within internal finished walls, excluding specific areas.

Relevant Contract Types

• Building Contract
• Architectural Services Agreement

Relevant Circumstances

• Construction of new buildings
• Renovation or expansion of existing structures
• Space planning and architectural design

Relevant Sectors

• Construction
• Architecture
• Engineering

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