The purpose of conducting a commercial lease survey is to ensure that there is clarity and accuracy in defining the leased premises. The survey also helps to facilitate negotiations between the landlord and tenant and avoid any disputes or misunderstandings during the lease term.
Commercial lease surveys are usually conducted according to BOMA standards. The BOMA (Building Owners and Managers Association) standard provides a consistent and industry-recognized methodology for determining the usable, rentable, and common areas within a building or complex.