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 commercial and residential real estate transactions, a New York Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More is often included in the lease or purchase agreement. This clause aims to address matters related to the existing electrical service provided to the property and any potential upgrades or modifications that may be required. The New York Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More typically covers several important aspects, ensuring that both parties involved are aware of the current state of the electrical service and any future obligations. Here are some key elements that may be included in this clause: 1. Existing Electrical Service: This provision outlines the current condition and capacity of the electrical service provided to the property. It may specify details such as the voltage, amperage, and phase, ensuring that the tenant or buyer understands the limitations and capabilities of the existing electrical system. 2. Compliance with Codes and Regulations: The clause may require that the existing electrical service complies with all applicable electrical codes and regulations. This ensures that the property meets safety standards and reduces the risk of electrical hazards. 3. Potential Upgrades or Modifications: In some cases, the property may require additional electrical capacity to meet the tenant's or buyer's needs. The clause may outline the ability for the tenant or buyer to obtain more electrical service, either through an upgrade to the existing service or by installing new electrical equipment. 4. Responsibility for Upgrades or Modifications: This provision details who are responsible for the cost of any upgrades or modifications necessary to accommodate the tenant's or buyer's electrical needs. It may specify whether the landlord or the tenant/buyer is responsible for obtaining permits, hiring contractors, and covering the associated expenses. 5. Timeframes and Deadlines: If there is a need for additional electrical service, the clause may establish specific timeframes within which the upgrades or modifications must be completed. This ensures that the tenant or buyer's operations are not interrupted due to delays in obtaining the necessary electrical capacity. 6. Indemnification and Liability: To protect both parties, the clause may include provisions that indemnify each party from any damages or liability arising from the existing electrical service or any upgrades undertaken. This ensures that both the landlord and the tenant/buyer assume responsibility for their respective obligations. Types of New York Clauses Dealing with Representations of Existing Electrical Service and the Ability to Obtain More will generally depend on the specific terms negotiated between the parties and the unique needs of the property. However, many agreements include variations of the above-mentioned elements to cover the important aspects of electrical service representation and the potential for obtaining more capacity. It is crucial for both landlords and tenants, as well as buyers and sellers, to carefully review and negotiate this clause to ensure clarity and protection for all parties involved. Engaging legal professionals specializing in real estate law can provide invaluable guidance and help tailor the clause to suit the specific requirements of the property and the parties involved.In commercial and residential real estate transactions, a New York Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More is often included in the lease or purchase agreement. This clause aims to address matters related to the existing electrical service provided to the property and any potential upgrades or modifications that may be required. The New York Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More typically covers several important aspects, ensuring that both parties involved are aware of the current state of the electrical service and any future obligations. Here are some key elements that may be included in this clause: 1. Existing Electrical Service: This provision outlines the current condition and capacity of the electrical service provided to the property. It may specify details such as the voltage, amperage, and phase, ensuring that the tenant or buyer understands the limitations and capabilities of the existing electrical system. 2. Compliance with Codes and Regulations: The clause may require that the existing electrical service complies with all applicable electrical codes and regulations. This ensures that the property meets safety standards and reduces the risk of electrical hazards. 3. Potential Upgrades or Modifications: In some cases, the property may require additional electrical capacity to meet the tenant's or buyer's needs. The clause may outline the ability for the tenant or buyer to obtain more electrical service, either through an upgrade to the existing service or by installing new electrical equipment. 4. Responsibility for Upgrades or Modifications: This provision details who are responsible for the cost of any upgrades or modifications necessary to accommodate the tenant's or buyer's electrical needs. It may specify whether the landlord or the tenant/buyer is responsible for obtaining permits, hiring contractors, and covering the associated expenses. 5. Timeframes and Deadlines: If there is a need for additional electrical service, the clause may establish specific timeframes within which the upgrades or modifications must be completed. This ensures that the tenant or buyer's operations are not interrupted due to delays in obtaining the necessary electrical capacity. 6. Indemnification and Liability: To protect both parties, the clause may include provisions that indemnify each party from any damages or liability arising from the existing electrical service or any upgrades undertaken. This ensures that both the landlord and the tenant/buyer assume responsibility for their respective obligations. Types of New York Clauses Dealing with Representations of Existing Electrical Service and the Ability to Obtain More will generally depend on the specific terms negotiated between the parties and the unique needs of the property. However, many agreements include variations of the above-mentioned elements to cover the important aspects of electrical service representation and the potential for obtaining more capacity. It is crucial for both landlords and tenants, as well as buyers and sellers, to carefully review and negotiate this clause to ensure clarity and protection for all parties involved. Engaging legal professionals specializing in real estate law can provide invaluable guidance and help tailor the clause to suit the specific requirements of the property and the parties involved.
