The tenant shall at all times comply with the rules, regulations, terms and conditions applicable to service, equipment, wiring and requirements of the public utility supplying electricity to the building.
In Indiana, the Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More is a vital part of any real estate transaction. This clause safeguards the buyer's interests by addressing the condition of the existing electrical service and the potential to upgrade or obtain additional service in the future. When it comes to existing electrical service, this clause typically requires the seller to provide accurate and detailed information regarding the condition, capacity, and functionality of the electrical system in the property. This includes disclosing any known defects, repairs, or ongoing issues that may impact the buyer's decision, safety, or ability to utilize the electrical service. Additionally, the clause may address the ability to obtain more electrical service if required. This is crucial, especially for commercial properties or residential properties with potential expansion plans. It ensures that the buyer can reasonably upgrade or expand the electrical service to meet their specific needs, without any major obstacles or limitations. Different types of Indiana Clauses Dealing with Representations of Existing Electrical Service and the Ability to Obtain More may include: 1. Existing Electrical Service Disclosure: This type of clause focuses solely on the disclosure aspect, requiring the seller to provide accurate information about the current electrical service. It may also stipulate that the seller is responsible for any necessary repairs or upgrades to ensure compliance with electrical codes. 2. Ability to Upgrade Electrical Service: This variant emphasizes the buyer's ability to upgrade or modify the existing electrical service if deemed necessary. It may outline the steps involved in obtaining permits, hiring licensed electricians, or addressing any potential capacity issues or code compliance requirements. 3. Future Expansion: This type of clause is more relevant for properties where future expansion plans might require additional electrical service. It addresses the buyer's right to explore and obtain more electrical service as needed, considering factors such as available capacity, infrastructure feasibility, and utility provider requirements. By incorporating these clauses into purchase agreements or contracts, both buyers and sellers in Indiana can ensure that the representations of existing electrical service and the potential to obtain more are clearly outlined and agreed upon. This helps prevent misunderstandings, potential disputes, and costly issues related to electrical services in the future.In Indiana, the Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More is a vital part of any real estate transaction. This clause safeguards the buyer's interests by addressing the condition of the existing electrical service and the potential to upgrade or obtain additional service in the future. When it comes to existing electrical service, this clause typically requires the seller to provide accurate and detailed information regarding the condition, capacity, and functionality of the electrical system in the property. This includes disclosing any known defects, repairs, or ongoing issues that may impact the buyer's decision, safety, or ability to utilize the electrical service. Additionally, the clause may address the ability to obtain more electrical service if required. This is crucial, especially for commercial properties or residential properties with potential expansion plans. It ensures that the buyer can reasonably upgrade or expand the electrical service to meet their specific needs, without any major obstacles or limitations. Different types of Indiana Clauses Dealing with Representations of Existing Electrical Service and the Ability to Obtain More may include: 1. Existing Electrical Service Disclosure: This type of clause focuses solely on the disclosure aspect, requiring the seller to provide accurate information about the current electrical service. It may also stipulate that the seller is responsible for any necessary repairs or upgrades to ensure compliance with electrical codes. 2. Ability to Upgrade Electrical Service: This variant emphasizes the buyer's ability to upgrade or modify the existing electrical service if deemed necessary. It may outline the steps involved in obtaining permits, hiring licensed electricians, or addressing any potential capacity issues or code compliance requirements. 3. Future Expansion: This type of clause is more relevant for properties where future expansion plans might require additional electrical service. It addresses the buyer's right to explore and obtain more electrical service as needed, considering factors such as available capacity, infrastructure feasibility, and utility provider requirements. By incorporating these clauses into purchase agreements or contracts, both buyers and sellers in Indiana can ensure that the representations of existing electrical service and the potential to obtain more are clearly outlined and agreed upon. This helps prevent misunderstandings, potential disputes, and costly issues related to electrical services in the future.
