A Net Lettable Area Survey Protects Your Lease Value


Calculating commercial floor space by eye or from old plans is a common mistake landlords, agents and tenants make when negotiating a lease. Incorrect measurements can undervalue a property, trigger disputes between owners and tenants, or breach the methods of measurement set out in Property Council of Australia guidelines and the Retail Tenancies Reform Act 1998, leading to delayed transactions and costly renegotiations.

A Net Lettable Area Survey resolves this by measuring internal wall surfaces and shared wall midpoints to the standard required for office buildings and business parks. The result is a defensible, regulation-compliant figure that owners, managers, agents and tenants can rely on, reducing dispute risk and giving all parties confidence in the rental value and lease terms being negotiated.

Linear Land Surveying is a licensed Melbourne land surveying team with over 30 years of combined experience preparing Lease Area Plans, including Net Lettable Area, Gross Lettable Area and Gross Lettable Area Retail surveys, across Melbourne and Victoria. Contact Linear Land Surveying today to arrange a Net Lettable Area Survey and secure accurate, defensible figures for your next commercial transaction.

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