New Zealand Methods of Measurement for Commercial Leases

11 Apr 2019
Rhys Smith NZ Methods of Measurement

Realserve was tasked with helping the Auckland District Law Society (ADLS) better understand the value of having survey accurate measurements to determine the rental area of a leased space.

We explained how measurement guidelines can affect areas, the difference between the four methods of measurement, and highlighted areas to be included and excluded, in accordance with the NZ Property Council guidelines.

Watch the video below to hear our New Zealand manager, Rhys Smith, explain dealing with NZ Commercial Leases from a surveying point of view. Don't hesitate to contact us to find out more on this subject and how we can help you.

 

 

To find out more about accurate and reliable Rentable Area Surveys, click here.

At Realserve NZ, we understand that it is critical to know the accurate rentable area of your commercial property, and a precise Rentable Area Survey is essential for this. A measured survey of your floor space is required to assist with precise rental calculations or property valuations.

Below is an example of a Commercial Rentable Area Survey that we can provide to you. If this is what you need, request a NZ Commercial Rentable Area Survey today.

CommercialLeases RentableAreaSurvey NZ

 

Whether you are a legal professional, landlord, or tenant, we recommend considering the following to ensure your rentable area is accurate.

Rentable Area Survey Checklist

As-Measured Plan

  • Who drew the plan?
  • What influences or exaggerations have been laid out?
  • Standard of accuracy for lease line or areas

Survey Date

  • Most recent revisions
  • Which standard of measurement applies now vs the first plans?

Method of Measure

  • Have there been changes of premises use?
  • Pro rata divisions for shared space
  • Unique inclusions and exclusions per method
  • External face vs internal face measurement

Lease Line Definitions

  • Visible and graphically defined
  • Measurement processes clearly explained
  • RFW (Rentable Face of Wall) vs INT (Internal Wall)
  • Line of Tenancy Produced (LTP) for negotiated boundaries

Correct Areas Apportioned

  • All area properly separated with clear nomenclature
  • The exclusions are clearly outlines: - Base Building Surveys - Voids over Stairs, Mezzanines, et al - Low Head Heights at Stairs, Escalators and similar
  • The Inclusions are clearly outlined, i.e. - Exclusive Zones (Outdoors) and other negotiated areas - Columns - Stairs (for retail)

Comparisons to Older Plans

  • Architectural and/or PCNZ Measured Plans within tolerances; and
  • Similarities or differences compared to earlier work.

 

Alternatively, ask for a local NZ surveying expert to call you at a convenient time to discuss your project. We can help you start confident on your next commercial leasing venture.