This office lease clause is a landlord-oriented electricity clause. It provides a considerable profit center for the landlord and picks up most of the characteristics and issues where the lessee agrees that lessor may furnish electricity to lessee on a "submetering" basis or on a "rent inclusion" basis.
The Illinois Profit Maximizing Aggressive Landlord Oriented Electricity Clause is a legally binding agreement that governs the provision and usage of electricity in rental properties within the state of Illinois. This clause focuses on maximizing the profitability for landlords while outlining the responsibilities and obligations of both landlords and tenants regarding electricity usage. Keywords: Illinois, profit maximizing, aggressive landlord oriented, electricity clause Types/Aspects of the Illinois Profit Maximizing Aggressive Landlord Oriented Electricity Clause: 1. Electricity Billing Method: This aspect of the clause specifies the predetermined method for calculating and billing the electricity consumption in rental properties. It may include submetering, where each unit is individually metered, or the use of a predetermined proportion-based billing system. 2. Tenant Responsibility: This aspect outlines the tenant's duty to pay for the electricity consumed during their tenancy. It typically requires tenants to establish accounts with utility companies, ensuring prompt payment of electricity bills and compliance with usage regulations. 3. Excessive Usage and Penalties: Landlords may include provisions in the clause that address excessive electricity usage by tenants. These provisions might entail penalties or charges for surpassing a specified threshold of electricity consumption, encouraging tenants to be mindful of their usage patterns. 4. Unauthorized Electrical Devices: This part of the clause restricts tenants from using unauthorized electrical devices, such as high-energy-consuming appliances or devices that may pose a safety risk. The clause may specify that tenants must seek landlord approval before installing any additional electrical equipment. 5. Maintenance and Repairs: This aspect outlines the responsibilities of both landlord and tenant in maintaining electrical systems. It might include provisions that require tenants to promptly report any electrical issues and landlords to address and repair them in a timely manner. 6. Renewal and Termination: The clause may also address the renewal or termination of the electricity supply agreement. It may specify the actions required by either party to terminate the provision of electricity or extend the agreement if mutually agreed upon. It is essential to note that the Illinois Profit Maximizing Aggressive Landlord Oriented Electricity Clause should comply with relevant state laws, tenant rights, and landlord obligations to ensure a fair and legally sound agreement. Tenants and landlords should thoroughly review and understand the terms stipulated in the clause before entering into a rental agreement or making any electricity-related decisions.The Illinois Profit Maximizing Aggressive Landlord Oriented Electricity Clause is a legally binding agreement that governs the provision and usage of electricity in rental properties within the state of Illinois. This clause focuses on maximizing the profitability for landlords while outlining the responsibilities and obligations of both landlords and tenants regarding electricity usage. Keywords: Illinois, profit maximizing, aggressive landlord oriented, electricity clause Types/Aspects of the Illinois Profit Maximizing Aggressive Landlord Oriented Electricity Clause: 1. Electricity Billing Method: This aspect of the clause specifies the predetermined method for calculating and billing the electricity consumption in rental properties. It may include submetering, where each unit is individually metered, or the use of a predetermined proportion-based billing system. 2. Tenant Responsibility: This aspect outlines the tenant's duty to pay for the electricity consumed during their tenancy. It typically requires tenants to establish accounts with utility companies, ensuring prompt payment of electricity bills and compliance with usage regulations. 3. Excessive Usage and Penalties: Landlords may include provisions in the clause that address excessive electricity usage by tenants. These provisions might entail penalties or charges for surpassing a specified threshold of electricity consumption, encouraging tenants to be mindful of their usage patterns. 4. Unauthorized Electrical Devices: This part of the clause restricts tenants from using unauthorized electrical devices, such as high-energy-consuming appliances or devices that may pose a safety risk. The clause may specify that tenants must seek landlord approval before installing any additional electrical equipment. 5. Maintenance and Repairs: This aspect outlines the responsibilities of both landlord and tenant in maintaining electrical systems. It might include provisions that require tenants to promptly report any electrical issues and landlords to address and repair them in a timely manner. 6. Renewal and Termination: The clause may also address the renewal or termination of the electricity supply agreement. It may specify the actions required by either party to terminate the provision of electricity or extend the agreement if mutually agreed upon. It is essential to note that the Illinois Profit Maximizing Aggressive Landlord Oriented Electricity Clause should comply with relevant state laws, tenant rights, and landlord obligations to ensure a fair and legally sound agreement. Tenants and landlords should thoroughly review and understand the terms stipulated in the clause before entering into a rental agreement or making any electricity-related decisions.
