If a tenant expands its Rentable Area, does the Floor R/U Ratio and Building R/U Ratio change as a result — meaning that each tenants Rentable Area would change?
Tenant expansion and new tenant activity may indeed affect the Floor R/U Ratio and/or Building R/U Ratio. If tenant expansion or new tenant activity occurs in part or all of an existing Store Area or Office Area, the ratios remain unchanged. However, if tenant expansion or new tenant activity incorporates what had been Floor Common Area or Building Common Area into the newly created Store or Office Area — or creates additional Floor Common Area or Building Common Area from what was previously Store or Office Area — then one or both ratios will be affected. The Floor R/U Ratio will change if Floor Common Area is increased or decreased (e.g., by changing the configuration of floor circulation corridors or enlarging a restroom). The Building R/U Ratio will change if Building Common Area is increased or decreased (e.g., by leasing an exercise room) or if the Floor R/U Ratio is adjusted on a floor containing Building Common Area. Changes to the Floor R/U Ratio and Building R/U Ratio will
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