Landlords prefer
Net Lease arrangements as sudden increase in
cost must be absorbed by the owner under the gross
lease, but can be effectively passed through to the
tenant under net lease.
Gross
Leasable Area (GLA)
A measurement of the total floor
area designed for the occupancy and exclusive use of
tenants in a commercial enterprise such as shopping
centre or office complex.
Standards to calculate GLA are
established by Building Owners and Managers
Association (BOMA).
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