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 New York Profit Maximizing Aggressive Landlord Oriented Electricity Clause, also known as the "NORMAL Electricity Clause," is a contractual provision commonly included in rental agreements in the state of New York. This clause specifically highlights the terms and conditions related to electricity usage and billing for tenants residing in rental properties. Designed to protect the landlord's financial interests and maximize profit, the NORMAL Electricity Clause puts the responsibility and control of electricity-related expenses in the hands of the landlord. This clause provides the landlord with the authority to determine and charge tenants for electricity consumption within the rental property. Types of New York Profit Maximizing Aggressive Landlord Oriented Electricity Clauses: 1. Fixed Monthly Electricity Charge Agreement: Under this type of clause, tenants are charged a predetermined fixed amount each month for electricity usage, regardless of their actual consumption. This arrangement allows the landlord to avoid potential losses if tenants exceed their allotted consumption. 2. Submetering Agreement: The submetering arrangement empowers the landlord to install individual electricity meters for each unit within a multi-unit complex. In this case, tenants are responsible for paying electricity bills based on their actual consumption, allowing the landlord to pass on the responsibility directly to the tenant. 3. Shared Electricity Consumption Split: This type of clause allows the landlord to divide the total electricity expense among all the tenants, either equally or based on the proportional size of each unit. It ensures that all tenants contribute toward the overall electricity costs, potentially reducing the landlord's financial burden. 4. Flat Electricity Fee Agreement: In this scenario, the landlord charges a flat fee for electricity on top of the monthly rent, irrespective of the tenant's consumption. This approach allows the landlord to generate additional income, particularly when electricity prices fluctuate. It is essential for tenants to carefully review and understand the terms within the New York Profit Maximizing Aggressive Landlord Oriented Electricity Clause before signing a rental agreement. Some clauses may potentially put the tenants at a disadvantage by giving disproportionate control or charging high rates for electricity consumption. Tenants should consider negotiating terms that align with their needs and avoid unnecessarily burdening themselves with exorbitant electricity expenses.The New York Profit Maximizing Aggressive Landlord Oriented Electricity Clause, also known as the "NORMAL Electricity Clause," is a contractual provision commonly included in rental agreements in the state of New York. This clause specifically highlights the terms and conditions related to electricity usage and billing for tenants residing in rental properties. Designed to protect the landlord's financial interests and maximize profit, the NORMAL Electricity Clause puts the responsibility and control of electricity-related expenses in the hands of the landlord. This clause provides the landlord with the authority to determine and charge tenants for electricity consumption within the rental property. Types of New York Profit Maximizing Aggressive Landlord Oriented Electricity Clauses: 1. Fixed Monthly Electricity Charge Agreement: Under this type of clause, tenants are charged a predetermined fixed amount each month for electricity usage, regardless of their actual consumption. This arrangement allows the landlord to avoid potential losses if tenants exceed their allotted consumption. 2. Submetering Agreement: The submetering arrangement empowers the landlord to install individual electricity meters for each unit within a multi-unit complex. In this case, tenants are responsible for paying electricity bills based on their actual consumption, allowing the landlord to pass on the responsibility directly to the tenant. 3. Shared Electricity Consumption Split: This type of clause allows the landlord to divide the total electricity expense among all the tenants, either equally or based on the proportional size of each unit. It ensures that all tenants contribute toward the overall electricity costs, potentially reducing the landlord's financial burden. 4. Flat Electricity Fee Agreement: In this scenario, the landlord charges a flat fee for electricity on top of the monthly rent, irrespective of the tenant's consumption. This approach allows the landlord to generate additional income, particularly when electricity prices fluctuate. It is essential for tenants to carefully review and understand the terms within the New York Profit Maximizing Aggressive Landlord Oriented Electricity Clause before signing a rental agreement. Some clauses may potentially put the tenants at a disadvantage by giving disproportionate control or charging high rates for electricity consumption. Tenants should consider negotiating terms that align with their needs and avoid unnecessarily burdening themselves with exorbitant electricity expenses.
