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.
West Virginia Profit Maximizing Aggressive Landlord Oriented Electricity Clause is a specific clause that landlords include in rental agreements to protect their financial interests in relation to electricity usage by tenants. This clause is devised to optimize profits for landlords in West Virginia by shifting the burden of high electricity expenses onto tenants. It empowers the landlord with significant control over electricity usage and costs, often at the expense of tenants. The West Virginia Profit Maximizing Aggressive Landlord Oriented Electricity Clause typically encompasses the following elements: 1. Submetering: This clause allows the landlord to install individual electric meters in each unit or subunit of a rental property. By doing so, tenants are billed directly by the utility provider, rather than the landlord paying the electricity bill for the entire property. This enables the landlord to ensure tenants pay the actual cost of their electricity consumption without bearing any shared expenses. 2. Utility Mark-up: In some instances, the electricity clause may permit landlords to impose an additional mark-up on the utility bill to cover administrative costs, maintenance fees, or other related expenses. This mark-up allows landlords to generate additional profits through electricity bills paid by tenants. 3. Fixed or Variable Rates: Depending on the agreement, the clause may stipulate either fixed or variable rates for electricity charges. Fixed rates remain constant throughout the lease term, while variable rates fluctuate based on the utility's current charges. Variable rates can potentially lead to increased costs for tenants during peak electricity-demand seasons. 4. Energy Conservation Measures: To further maximize profits, the clause may include provisions that incentivize tenants to reduce electricity consumption. Landlords might offer discounted rates or other benefits for tenants who consistently keep their electricity usage below a certain threshold. Conversely, excessive consumption might result in penalty fees or higher rates. 5. Tenant Responsibility: The West Virginia Profit Maximizing Aggressive Landlord Oriented Electricity Clause makes tenants solely responsible for any electricity-related damages caused by their negligence or misuse. This provision allows landlords to avoid repair and replacement costs in relation to electrical infrastructure and appliances. It's important to note that various variations or versions of the West Virginia Profit Maximizing Aggressive Landlord Oriented Electricity Clause may exist. These variations may differ in terms of specific rates, penalties, incentives, or additional provisions that landlords may include to further protect their financial interests. Overall, the West Virginia Profit Maximizing Aggressive Landlord Oriented Electricity Clause is designed with the intention of shifting electricity-related costs and responsibilities primarily onto tenants, enabling landlords to optimize their profits through their rental properties.
