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.
South Dakota Profit Maximizing Aggressive Landlord Oriented Electricity Clause is a contractual agreement commonly found in rental leases in the state of South Dakota. This clause outlines the terms and conditions related to electricity usage and billing for tenants in a landlord-oriented manner, aimed at maximizing profit for the landlord. Utilizing relevant keywords, let's dive into the details of this clause and explore any potential variations: 1. Definition and Scope: The South Dakota Profit Maximizing Aggressive Landlord Oriented Electricity Clause defines the responsibility of the tenant regarding electricity consumption within the rented premises. It aims to ensure the landlord benefits financially while covering expenses related to the provision of electrical services to the tenant. 2. Electricity Metering and Billing: Under this clause, the landlord installs separate electricity meters for each rented unit. This enables individualized billing based on actual usage. The tenant is responsible for paying the electricity bills promptly and directly to the utility company, or as otherwise specified by the landlord. 3. Submetering and Markup: Some South Dakota Profit Maximizing Aggressive Landlord Oriented Electricity Clauses might include a provision for submetering. This allows the landlord to install submeters within the rented unit to measure the exact electricity consumption. Additionally, the landlord may choose to apply a markup or surcharge on the electricity bill to cover administrative costs or contribute to their profit margin. 4. Electricity Charges and Rate Adjustments: The clause details the prevailing electricity rates at the time of lease inception and specifies the tenant's obligation to pay for electricity based on these rates. However, in some variations, the clause may allow the landlord the right to adjust the electricity rates periodically to reflect changes in utility costs or other factors influencing the landlord's expense. The tenant should be notified in advance of any rate adjustments. 5. Energy Conservation Measures: To mitigate excessive electricity consumption, the South Dakota Profit Maximizing Aggressive Landlord Oriented Electricity Clause may include provisions encouraging energy conservation. The landlord can include details on expected tenant behavior, such as using energy-efficient appliances, properly insulating the premises, or participating in energy-saving programs offered by utility companies. 6. Tenant's Default and Consequences: If the tenant fails to pay the electricity bills on time or violates any clause related to electricity usage, the clause may outline the consequences of such defaults. Common consequences include late payment fees, service disconnections, or even eviction in extreme cases of non-compliance. It's essential for tenants to carefully review and understand the South Dakota Profit Maximizing Aggressive Landlord Oriented Electricity Clause before signing a lease agreement. Each landlord might have their own specific variations or additional clauses tailored to their profit goals.
South Dakota Profit Maximizing Aggressive Landlord Oriented Electricity Clause is a contractual agreement commonly found in rental leases in the state of South Dakota. This clause outlines the terms and conditions related to electricity usage and billing for tenants in a landlord-oriented manner, aimed at maximizing profit for the landlord. Utilizing relevant keywords, let's dive into the details of this clause and explore any potential variations: 1. Definition and Scope: The South Dakota Profit Maximizing Aggressive Landlord Oriented Electricity Clause defines the responsibility of the tenant regarding electricity consumption within the rented premises. It aims to ensure the landlord benefits financially while covering expenses related to the provision of electrical services to the tenant. 2. Electricity Metering and Billing: Under this clause, the landlord installs separate electricity meters for each rented unit. This enables individualized billing based on actual usage. The tenant is responsible for paying the electricity bills promptly and directly to the utility company, or as otherwise specified by the landlord. 3. Submetering and Markup: Some South Dakota Profit Maximizing Aggressive Landlord Oriented Electricity Clauses might include a provision for submetering. This allows the landlord to install submeters within the rented unit to measure the exact electricity consumption. Additionally, the landlord may choose to apply a markup or surcharge on the electricity bill to cover administrative costs or contribute to their profit margin. 4. Electricity Charges and Rate Adjustments: The clause details the prevailing electricity rates at the time of lease inception and specifies the tenant's obligation to pay for electricity based on these rates. However, in some variations, the clause may allow the landlord the right to adjust the electricity rates periodically to reflect changes in utility costs or other factors influencing the landlord's expense. The tenant should be notified in advance of any rate adjustments. 5. Energy Conservation Measures: To mitigate excessive electricity consumption, the South Dakota Profit Maximizing Aggressive Landlord Oriented Electricity Clause may include provisions encouraging energy conservation. The landlord can include details on expected tenant behavior, such as using energy-efficient appliances, properly insulating the premises, or participating in energy-saving programs offered by utility companies. 6. Tenant's Default and Consequences: If the tenant fails to pay the electricity bills on time or violates any clause related to electricity usage, the clause may outline the consequences of such defaults. Common consequences include late payment fees, service disconnections, or even eviction in extreme cases of non-compliance. It's essential for tenants to carefully review and understand the South Dakota Profit Maximizing Aggressive Landlord Oriented Electricity Clause before signing a lease agreement. Each landlord might have their own specific variations or additional clauses tailored to their profit goals.
