rentable area - lease (Area Meas. Rentable)

The rentable area is the area covered by the lease. It is the area for which the tenant pays rent.

If your lease area method is set to suites, the lease rentable area is calculated as the sum of the Area - Rentable for each suite assigned to the lease. The suite's Area - Rentable is the sum of the actual area the suite occupies (the suite's Area Usable) plus the suite's Total Common Area.

If your lease area method is set to groups or rooms, the lease rentable area is calculated as the sum of the actual area the groups or rooms occupy plus a proportional share of facility common area. This is known as the chargeable area for the groups or rooms assigned to the lease.