Common use of Direct Meter Clause in Contracts

Direct Meter. Electricity: Owner will remain the customer of record for electricity. The local electricity provider measures electric usage in each Apartment and bills Owner directly for such charges. The bill will be sent to Resident by a third-party billing provider. Electricity charges for each Apartment will be divided equally by the number Residents with an executed lease agreement in each Apartment to come up with each Resident’s charge. Resident agrees that Owner may estimate any and all utility charges upon Resident’s move-out (or at any other time) and such amounts shall be deemed final.