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The building we are working on has several large event spaces that can be used by both the public and building tenants for a fee. Would these spaces be considered tenant areas and not building amenity areas? Thank you.
Hi Paolo,
Yes, the standard specifically states "Building Amenity Area (BAA) is not to be applied if the Landlord is transacting with the Building’s Occupants separately for its use (for example, a fitness center with usage fees). If this is the case, the area must be classified as Tenant Area."
The idea is that otherwise the Landlord would be double-dipping if they were to proportionately allocate the space(s) to all the tenants in the building as Building Amenity Area and also collect fees.
Thanks,
David