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Hi,
Common space for an office building came out 42-45% ( because it has exercise room, shower, big break room etc). Does BOMA has any cap on how much common space the tenants should be charged? Does BOMA allow to charge 42-45% common space to the tenants?
Hi Sarita,
BOMA 2010 does indeed have a provision to cap the load factor which is intended precisely for scenarios such as yours. Use of a capped load factor is completely voluntary at the landlords discretion. The landlord should understand that by capping the load factor, they will lose area in the building that would otherwise be counted as Rentable Area.
Hi Adam,
Thank you for your quick response. Could you please explain about the capped load factor?
Thanks,
Sarita.