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.
A North Dakota Profit Maximizing Aggressive Landlord Oriented Electricity Clause is a legal provision commonly found in rental agreements in North Dakota that favors the landlord's financial interests and controls the electricity usage and billing for the tenant. This clause aims to maximize the profits of the landlord while putting the burden of electricity charges on the tenant. The clause typically grants the landlord extensive control over the electricity usage within the leased property. They might install submeters or other monitoring devices to accurately measure and bill the tenant for their electricity consumption. This allows the landlord to accurately calculate the costs incurred and ensure that the tenant covers all the expenses. Furthermore, the clause often specifies that the tenant must pay for the electricity consumed within the leased premises directly to the landlord, rather than paying the utility company directly. This arrangement gives the landlord complete control over the billing process and enables them to include additional charges or fees related to electricity usage. Additionally, a North Dakota Profit Maximizing Aggressive Landlord Oriented Electricity Clause may involve the inclusion of penalties for excessive electricity use. If the tenant exceeds a certain predetermined limit, the clause may authorize the landlord to charge the tenant an additional fee or penalize them. This encourages the tenant to be more conscious of their electricity usage and discourages wasteful behavior. It's important to note that different types or variations of this clause may exist depending on the specific rental agreement. Some alternative names or types of North Dakota Profit Maximizing Aggressive Landlord Oriented Electricity Clauses could be: 1. Prepaid Electricity Clause: This type of clause may require the tenant to prepay a certain amount for the electric usage, which the landlord can monitor and deduct as the tenant consumes electricity. 2. Variable Rate Clause: This clause allows the landlord to adjust the electricity rates based on market fluctuations or increased utility costs, which can potentially shift the burden of higher costs onto the tenant. 3. Caps and Thresholds Clause: This type of clause sets a specific limit or threshold for electricity usage. If the tenant exceeds this limit, they may face additional charges or penalties. 4. Non-Payment Disconnect Clause: This clause allows the landlord to disconnect the electricity supply in case of non-payment by the tenant, requiring them to settle any overdue amounts and associated fees before the service is restored. In conclusion, a North Dakota Profit Maximizing Aggressive Landlord Oriented Electricity Clause is a contractual provision that favors the landlord's financial interests, provides control over electricity usage, and ensures the tenant covers all associated costs. Its variations might include prepaid electricity clauses, variable rate clauses, caps and thresholds clauses, and non-payment disconnect clauses.
