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 Delaware Profit Maximizing Aggressive Landlord Oriented Electricity Clause refers to a specific provision in lease agreements that favors the landlord and allows them to generate maximum profits through electricity charges. This clause is commonly found in rental contracts in Delaware and may vary in its specific language and implementation. Key terms and keywords related to the Delaware Profit Maximizing Aggressive Landlord Oriented Electricity Clause may include: 1. Delaware: Refers to the state where this specific clause is prevalent and has legal implications. 2. Profit Maximizing: Indicates the intent of the landlord to maximize their profits by implementing favorable electricity charging practices. 3. Aggressive: Illustrates the assertive nature of this clause, often giving the landlord substantial control over electricity usage and charges. 4. Landlord Oriented: Indicates that the terms and conditions primarily favor the landlord's interests and objectives in matters concerning electricity. Different variations or types of the Delaware Profit Maximizing Aggressive Landlord Oriented Electricity Clause may include: 1. Fixed Rate Clause: This type of clause presents a fixed electricity rate determined by the landlord, which may not reflect the actual market rate. The tenant is obligated to pay the predetermined rate, regardless of changes in the overall electricity costs. 2. Submetering Clause: In this type of clause, the landlord installs individual submeters for each unit, allowing them to directly bill tenants based on their specific electricity usage. This gives the landlord greater control over billing accuracy and potential profit margins. 3. Utility Markup Clause: This clause allows the landlord to add a certain percentage or markup to the actual utility bill before charging the tenants. This additional markup increases the overall costs for tenants, contributing to higher profits for the landlord. 4. Penalties and Fines Clause: This type of clause imposes strict penalties or fines on tenants who exceed a predetermined electricity usage limit. These penalties aim to deter excessive consumption and generate additional revenue for the landlord. It's important for tenants to carefully review such clauses and understand their implications before signing a lease agreement. Seeking legal advice regarding these terms may also be beneficial to ensure fair electricity charges and protect tenant rights.
