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08 JUN 2015

Should all Commercial Buildings have Certified Floor Areas?

Aim Valuation believe so as these can be dealt with at the outset of a lease. In situations where valuers have undertaken measurements there is invariably some discrepancy between calculations. However advanced measuring instruments are used by surveyors for accuracy.

There are instances where tenants pay rent for more area (including share of common space) than they occupy. We encourage tenants to favour premises where certified areas are available.