LETTABLE (RENTAL) AREA (NLA)
area of a building that can be let to tenants. It is less than the
gross building area as it excludes such things as walls, common
areas, and lift wells. In cases of dispute, the true area should be
ascertained by a surveyor. Equivalent to gross floor area as defined
above. There may be a lease or sub lease plan referred to in the
The inside area of
a building to be leased. Sometimes called “carpet area”. The
calculation of the NLA will depend on the particular formula used by
will exclude common and service areas.
(GLA) or gross area.