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Property

Rentable area

In the realm of finance, there exists a concept known as "rentable space". This refers to the designated area for which rent is determined, even if the tenant has lawful access to other areas within or outside the premises. In the case of an office building, it is common practice to exclude spaces such as corridors, atriums, and stairways from the direct calculation of rent. This ensures that the tenant is only paying for the space they are utilizing.
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