Define: Utility Allowance
Utility Allowance means the allocated monthly sum for utilities, excluding phone and internet, determined by a governing authority, paid by the tenant
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Utility Allowance means the allocated monthly sum for utilities, excluding phone and internet, determined by a governing authority, paid by the tenant.
Relevant Circumstances
- Negotiations around rental agreements where utilities are not included in the rent.
- Assessing the cost of living in certain housing units.