How is Electricity Expenses defined in a legal contract?
- Electricity Expenses means the complete cost for all power provided to a property, for any purpose. This includes, but is not limited to, use by other tenants and users of the property, usage for heating, cooling, and lighting, and usage for all services provided on the property. Seen in 6 SEC filings.
- Electricity Expenses means all costs incurred in a given year to provide power for leasable space in a building, except for costs of electricity usage by tenants of other spaces in the building for which electrical usage is measured by separate meters. Seen in 1 SEC filing.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of electricity expenses' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Electricity Expenses means the complete cost for all power provided to [property], including tenant's usage and all building services.
Relevant Contract Types
- Commercial Lease Agreements
- Residential Lease Agreements
- Maintenance and Service Contracts
- Property Management Contracts
Relevant Circumstances
- Acquisition or leasing of office space, commercial buildings, or residential property
- Establishment of maintenance or service agreements
- Creation of property management contracts
Relevant Sectors
Genie Definition 2
Electricity Expenses means costs incurred annually to provide power for [leasable space], excluding separately metered areas.
Relevant Contract Types
Relevant Circumstances
- Acquisition or leasing of office space, commercial buildings, or residential property
- Establishment of sublease agreements
Relevant Sectors
Electricity Expenses means the complete cost for all power provided to [property], including tenant's usage and all building services
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