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What is the difference between usable measured area and rentable area according to BOMA?
Wiki User
∙ 14y ago
* Usable area refers to the area within the suite that the tenant has exclusive use of. * The rentable area is greater than the usable. It takes into account a share of the common areas of the building that the tenant shares with other tenants. These areas include a share of corridors, lobby and washrooms that other tenants use. * In simple terms, the usable area is the size of the tenant's private space while the rentable area is the area on which rent is charged. The landlord has the right to recover rent on all the area in the building including shared spaces- corridors and washrooms are not free!
Wiki User
∙ 14y ago
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