How is the term GLA connected with lease area? Architects, investors, property managers and experts among property advisors often ask me about the legal basis of the term GLA (Gross Leasable Area) and the practical uses of it when measuring according to different standards. Therefore, I’ve decided to discuss this topic basing on the most…
Examples of rental area regulations Conducting for a few years trainings on residential and commercial space measurement norms (offices, retail, warehouses) – I still receive questions concerning rental area regulations specifically referring to ways of measuring of rental areas. Besides, as an surveyor with 10-year-experience I have consulted lots of lease agreement drafts with regard…
What to pay attention to when it comes to area measuring standards We’ve measured over 3.5 million m2 of building area according to various standards over the past 10 years, and we’re still observing the chaos that takes place in this area. It often is a result of the ignorance of the area measuring standards,…
Usable area for tax purposes Every building, the whole building inside area should be measured in accordance with the Act on Local Taxes and Charges, and the measured value should be reported to a district/local authority. The following are excerpts from the most important articles from the Act. Usable area of a building or its…
Do you know what area you’re paying lease rent for? In the previous article: “The area calculated for TAX purposes – What kind of area are you paying taxes for?” I wrote about the area we pay a property tax for. The situation is completely different when it comes to calculating an area for lease…