Common use of Utility Charge Clause in Contracts

Utility Charge. In addition to and concurrently with the monthly rent payments set forth in this section, Tenant shall pay an additional $844.34 per month which shall include Tenant’s portion of gas, electricity, garbage removal service, janitorial services and for the cost of paper products for the restrooms in the building as set forth in section 16 (Utilities) and section 17 (Janitorial Services). Said monthly fee shall be based on an annual average and may be adjusted accordingly periodically to reflect actual usage and costs. Monthly utility fees may be reviewed and adjusted periodically by the Landlord to accurately reflect the Landlord's associated costs. If Landlord’s costs exceed the estimated utility costs paid by Tenant, Tenant shall, within thirty (30) days after the receipt of Landlord's expense statement, pay to Landlord (whether or not this Lease has terminated) the difference between the total amount of estimated utility fees paid by Tenant and Landlord’s total actual costs. If the total amount paid by Tenant for any such utility cost exceeds Landlord’s actual cost, such excess shall be credited against the next installments of utility cost due from Tenant to Landlord hereunder, or refunded to Tenant, at Landlord’s option.

Appears in 1 contract

Sources: Lease Agreement

Utility Charge. In addition to and concurrently with the monthly rent payments set forth in this section, Tenant shall pay an additional $844.34 422.17 per month which shall include Tenant’s portion of gas, electricity, garbage removal service, janitorial services and for the cost of paper products for the restrooms in the building as set forth in section 16 (Utilities) and section 17 (Janitorial Services). Said monthly fee shall be based on an annual average and may be adjusted accordingly periodically to reflect actual usage and costs. Monthly utility fees may be reviewed and adjusted periodically by the Landlord to accurately reflect the Landlord's associated costs. If Landlord’s costs exceed the estimated utility costs paid by Tenant, Tenant shall, within thirty (30) days after the receipt of Landlord's expense statement, pay to Landlord (whether or not this Lease has terminated) the difference between the total amount of estimated utility fees paid by Tenant and Landlord’s total actual costs. If the total amount paid by Tenant for any such utility cost exceeds Landlord’s actual cost, such excess shall be credited against the next installments of utility cost due from Tenant to Landlord hereunder, or refunded to Tenant, at Landlord’s option.

Appears in 1 contract

Sources: Lease Agreement