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.
Louisiana Profit Maximizing Aggressive Landlord Oriented Electricity Clause
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net lease, often used with singleuser industrial facilities, means that the tenant pays "TMI" taxes, maintenance, and property insurance. Tenants also are responsible for all costs associated with their occupancy, including personal property taxes, janitorial services, and all utility costs.
All charges payable by Tenant other than Base Rent are called "Additional Rent." Unless this Lease provides otherwise, Tenant shall pay all Additional Rent then due with the next monthly installment of Base Rent.
Louisiana is considered a landlord-friendly state due to its lack of rent control laws. The state also prohibits cities and towns from creating rent control laws. This means landlords can ask for whatever rent amount they see fit.
3.1 Tenant agrees to pay to Landlord the Annual Rent in effect from time to time by paying the Monthly Installment of Rent then in effect on or before the first day of each full calendar month during the Term, except that the first full month's rent shall be paid upon the execution of this Lease.
Some contracts have a 'forfeiture clause'. This means the landlord can end the tenancy if you break your agreement. An example is if you do not pay your rent. Forfeiture clauses sometimes say the landlord has the right to 're-enter' or 'regain possession of the property'.
Additional rent would include such items as the Tenant's proportionate share of common area maintenance and operating costs; utilities consumed in the premises; realty taxes applicable to the premises; insurance premiums; promotion and advertising; heating ventilating and air conditioning; legal and audit costs, and ...