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FLOOR AREA

Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.

However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.



Definition

The floor area of a building means the entire horizontal zones of the building as you work out through the usage of the external dimensions. The floor area is the sum total of the area of every floor of a building, measured till the external surface of the exterior walls, inclusive of lobby areas, elevator shafts, cellars, and common areas in multi-unit buildings. Balcony areas are not included in these calculations.

Use of Floor Area in Real Estate

Floor area means the square meter/square footage count developed on a permanent and stable foundation, and the covers all the horizontal zones/areas of the structure/building or a part of it.

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