Idaho Clause Defining Operating Expenses

State:
Multi-State
Control #:
US-OL19034B
Format:
Word; 
PDF
Instant download

Description

This office lease form is a clause regarding all direct and indirect costs incurred by the landlord in the operation, maintenance, repair, overhaul, and any owner's overhead in connection with the project.

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FAQ

Idaho's Consumer Protection Act (IC 48-601 through 48-619) was designed to ?protect both consumers and businesses against unfair methods of competition and unfair or deceptive acts and practices in the conduct of trade or commerce, and to provide efficient and economical procedures to secure such protection.?

Limits on Damages Idaho caps damages for pain at suffering at $250,000 (adjusted annually for inflation), except in certain cases such as willful or reckless misconduct. Furthermore, the state's "modified comparative negligence" rule bars any recovery if the plaintiff was 50% or more responsible for causing the injury.

Search Idaho Statutes 6-1604. Limitation on punitive damages. (1) In any action seeking recovery of punitive damages, the claimant must prove, by clear and convincing evidence, oppressive, fraudulent, malicious or outrageous conduct by the party against whom the claim for punitive damages is asserted.

Although there is no maximum sum, punitive damages typically do not exceed four times the amount of compensatory damages. For example, if a plaintiff recovers $100,000 in compensatory damages and is awarded punitive damages, they most likely will receive up to $400,000 in punitive damages. There are exceptions, though.

Idaho Statutes Section 6-1603 is the state's cap on noneconomic damages. It states that no personal injury or wrongful death action shall receive a judgment for noneconomic damages exceeding $250,000. This is the state's noneconomic damage cap.

(3) No judgment for punitive damages shall exceed the greater of two hundred fifty thousand dollars ($250,000) or an amount which is three (3) times the compensatory damages contained in such judgment. If a case is tried to a jury, the jury shall not be informed of this limitation.

Every July 1, the non-economic damages cap is adjusted to account for inflation and the average annual wage. As expected, we saw another large increase, 6.5%, from $430,740.03 in 2022 to $458,728.65 in 2023.

Limits on Damages Idaho caps damages for pain at suffering at $250,000 (adjusted annually for inflation), except in certain cases such as willful or reckless misconduct. Furthermore, the state's "modified comparative negligence" rule bars any recovery if the plaintiff was 50% or more responsible for causing the injury.

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Idaho Clause Defining Operating Expenses