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.
New Mexico Profit Maximizing Aggressive Landlord Oriented Electricity Clause is a specific clause included in lease agreements between landlords and tenants in New Mexico, which aims to maximize the profitability and control of the landlord when it comes to electricity expenses. This clause addresses various aspects related to electricity consumption and payment within the rental property. It is designed to favor the landlord's interests, ensuring that they have a significant say in electricity-related matters while securing measures to minimize their financial burden. Here are some key points typically covered in the New Mexico Profit Maximizing Aggressive Landlord Oriented Electricity Clause: 1. Submetering: This clause allows the landlord to install individual electricity meters for each rental unit. By doing so, the landlord can accurately measure each tenant's electricity consumption and hold them responsible for their usage. 2. Tenant Responsibility: The clause clearly states that all electricity charges are the tenants' responsibility. This means that tenants must pay for their electricity usage, including the charges associated with the submetering system. 3. Electricity Rates: The New Mexico Profit Maximizing Aggressive Landlord Oriented Electricity Clause normally provides the landlord with the authority to dictate the electricity rate for tenants. This gives the landlord control over the overall cost of electricity, enabling them to maximize profitability. 4. Monthly/Periodic Billing: The clause establishes that tenants will receive monthly or periodic electricity bills directly from the landlord. By assuming the role of the electricity provider, the landlord can ensure accurate billing and avoid potential disputes. 5. Late Payment Penalties: To further protect the landlord's financial interests, the clause may include penalties for late or non-payment of electricity charges. Such penalties could involve additional fees, interest, or even potential eviction in case of prolonged non-payment. Different types or variations of the New Mexico Profit Maximizing Aggressive Landlord Oriented Electricity Clause may exist, depending on the specific terms landlords wish to include in their lease agreements. Some landlords may choose to have stricter clauses with higher penalties, while others may opt for slightly more lenient terms. Ultimately, the clause is tailored to maximize the landlord's financial gain, establish clear tenant responsibilities, and ensure a profitable rental business model. Overall, the New Mexico Profit Maximizing Aggressive Landlord Oriented Electricity Clause aims to provide a framework through which landlords can effectively manage and profit from electricity consumption in their rental properties.New Mexico Profit Maximizing Aggressive Landlord Oriented Electricity Clause is a specific clause included in lease agreements between landlords and tenants in New Mexico, which aims to maximize the profitability and control of the landlord when it comes to electricity expenses. This clause addresses various aspects related to electricity consumption and payment within the rental property. It is designed to favor the landlord's interests, ensuring that they have a significant say in electricity-related matters while securing measures to minimize their financial burden. Here are some key points typically covered in the New Mexico Profit Maximizing Aggressive Landlord Oriented Electricity Clause: 1. Submetering: This clause allows the landlord to install individual electricity meters for each rental unit. By doing so, the landlord can accurately measure each tenant's electricity consumption and hold them responsible for their usage. 2. Tenant Responsibility: The clause clearly states that all electricity charges are the tenants' responsibility. This means that tenants must pay for their electricity usage, including the charges associated with the submetering system. 3. Electricity Rates: The New Mexico Profit Maximizing Aggressive Landlord Oriented Electricity Clause normally provides the landlord with the authority to dictate the electricity rate for tenants. This gives the landlord control over the overall cost of electricity, enabling them to maximize profitability. 4. Monthly/Periodic Billing: The clause establishes that tenants will receive monthly or periodic electricity bills directly from the landlord. By assuming the role of the electricity provider, the landlord can ensure accurate billing and avoid potential disputes. 5. Late Payment Penalties: To further protect the landlord's financial interests, the clause may include penalties for late or non-payment of electricity charges. Such penalties could involve additional fees, interest, or even potential eviction in case of prolonged non-payment. Different types or variations of the New Mexico Profit Maximizing Aggressive Landlord Oriented Electricity Clause may exist, depending on the specific terms landlords wish to include in their lease agreements. Some landlords may choose to have stricter clauses with higher penalties, while others may opt for slightly more lenient terms. Ultimately, the clause is tailored to maximize the landlord's financial gain, establish clear tenant responsibilities, and ensure a profitable rental business model. Overall, the New Mexico Profit Maximizing Aggressive Landlord Oriented Electricity Clause aims to provide a framework through which landlords can effectively manage and profit from electricity consumption in their rental properties.
