At Park Your Property, we often help clients lease their properties to government agencies such as nationalized banks, insurance companies, and other public sector enterprises. Understanding the IS 3861:2002 standard can be crucial for renting your property to such agencies, especially as they don’t use non-standard terms like super built-up area.
What’s Included and Excluded in Rentable Carpet Area?
For Residential Properties:
➠ Inclusions:
1) Usable space within the premises (carpet area).
2) Kitchen, pantry, store, lavatory, and bathroom areas.
3) 50% of unglazed verandah and 100% of glazed verandah.
4) Internal walls and columns within the tenant’s premises that contribute to usable space.
➠ Exclusions:
1) Common areas like corridors, staircases, service shafts, and utility rooms.
2) External walls and structural columns that are not part of the usable area.
3) Areas like open platforms or terraces.
4) One-fourth carpet area of the stilted floor.
For Commercial Properties:
➠ Inclusions:
1) Useable carpet area within the leased space.
2) Canteen areas (including store, kitchen, and pantry).
3) Internal walls and columns within the commercial space that do not obstruct usable floor area.
4) One-fourth carpet area of the stilted floor.
➠ Exclusions:
1) Common areas such as corridors, staircases, lobbies, and service shafts.
2) External walls and structural columns that are not part of the usable area.
3) Areas of bathrooms and lavatory.
4) Utility spaces like air-conditioning ducts, plant rooms, and machine rooms.
Why Is This Important?
Understanding these inclusions and exclusions is vital for leasing to government agencies. IS 3861:2002 promotes fairness and transparency by focusing on actual usable space and ensuring that terms like super built-up area are not used. This standard helps in clearly defining what you’re paying for, avoids confusion, and ensures a fair rental calculation.
How Can Park Your Property Assist You?
We specialize in making this process straightforward, by making the whole rental process easy. For expert help and to make your leasing experience smooth, contact us today!
留言