Glossary Term Defined
Factor, Floating Or Variable
The Floating Factor System establishes for each floor a specific factor based on the common or service area apportionment that actually serve that floor. This factor may vary for each floor of a building depending on its size and design. The Factors are calculated as follows: Floor Factor (Add-On) (Floor Factor = Net Rentable Area / Usable Area) Usable Area multiplied by the Floor Conversion Factor = Net Rentable Area Tenant Factor (Add-On) (Tenant Factors = Rentable Area / Usable Area) Usable Area multiplied by the Tenant Conversion Factor = Rentable Area
