The BOMA method of measuring rentable space is primarily used to determine what?

Get ready for the Commercial Property Management Exam. Use flashcards and multiple choice questions, each with hints and explanations. Prepare effectively!

The BOMA (Building Owners and Managers Association) method of measuring rentable space is specifically designed to provide an accurate assessment of the actual occupiable space for which a tenant is responsible and will pay rent. This method focuses on measuring the space that can be effectively utilized by tenants, ensuring they are charged fairly based on the area that can be used for their operations.

Using the BOMA standards, landlords and property managers can delineate between common areas and individual tenant spaces, making it easier for tenants to understand what they are being charged for. This clarity supports both tenant satisfaction and accurate leasing practices. By focusing on occupiable space, the BOMA method helps ensure that the rentable area is calculated in a way that reflects the true value being offered to tenants, facilitating fair and transparent leasing agreements.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy