Common use of Payment of relevant charges Clause in Contracts

Payment of relevant charges. during the term of the lease (1) In practice, there are various types of relevant charges that may be incurred by the use of premises, such as water, electricity, and gas charges and administration fees. Such charges are included in the rent in some agreements, while other agreements require that such charges be paid separately by the Tenant or be paid jointly by the parties. The parties may specify in advance the amount or method of splitting the payment by the parties in the agreement, so as to avoid future disputes. (2) With respect to relevant charges and the method of payment thereof in the event that not the whole premises are leased (for example, the studios or rooms on some of the floors are leased), the parties may specify in advance the amount or method of splitting the payment by the parties in the agreement based on the actual circumstances of the lease, such as calculating the amount of electricity charges payable per kilowatt hour based on the meter readings for each room.

Appears in 4 contracts

Samples: Residential Lease Agreement, Residential Lease Agreement, Residential Lease Agreement

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