How is EBVT Area defined in a legal contract?
- EBVT Area means the total space occupied by a balcony, verandah, or an open terrace that is connected to the net usable floor area of a [unit] and is exclusively used by an occupant. Seen in 46 SEC filings
- EBVT Area means the square footage of the balcony, verandah, or open terrace, which is supplementary to the net usable floor area of a [unit] and reserved for the exclusive utilization by a holder. The calculation of the EBVT Area occurs before the application of any finishes on a bare shell basis and could vary by approximately 3%, due to structural or design and construction considerations. Seen in 4 SEC filings
- EBVT Area means 'Exclusive Balcony/Verandah/Open Terrace Area'. Seen in 1 SEC filing
- EBVT Area means the floor space of the balcony, verandah or open terrace, which is attached to the net usable floor area of the [unit] and is meant solely for the use by a holder. EBVT Area is calculated before the addition of any finishes (i.e. on a bare shell basis) and can have a tolerance of +/-3% due to structural or design and construction fluctuations. Seen in 1 SEC filing
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
yourself to verify these results. We are always keen to point people to source documents.
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Which definition should you use?
π€ has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- EBVT Area means the space of a balcony, verandah or terrace, supplementary to a [unit]'s usable floor area.
Relevant Contract Types
- Lease Agreement
- Property Management Agreement
- Condominium Association Agreement
- Commercial Lease Agreement
Relevant Circumstances
- Purchase or sale of multi-unit properties
- Renting or leasing of residential or commercial spaces with the added feature of a balcony, verandah, or terrace
- Rules or regulations in condominium or apartment complexes around the usage of these outdoor spaces
Relevant Sectors
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Genie Definition 2
- EBVT Area means area calculation prior to finishes, varying by +/-3% due to structural factors.
Relevant Contract Types
Relevant Circumstances
- Designing and constructing of spaces with balconies, verandahs, or terraces
- Property redevelopment or refurbishment projects requiring precise measurements
- Conditions affecting building projects where fluctuations in size might occur
Relevant Sectors
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