Taking the sting out of higher prices through electric rent inclusion clauses.As nearly a year's worth of dramatically higher electricity prices begin to hit landlords' bottom lines, now is a very good time to examine tenants' electric rent inclusion clauses. Escalations can be performed that may add as much as a dollar or more to your tenants' per square foot electricity rate--in some cases meaning hundreds of thousands in recovered revenue. Most leases allow for a review of building wide energy rates, changes in which can be passed through to tenants through percentage increases in their electric inclusion payments. In addition to increasing future revenue, most leases allow for retroactive Having reference to things that happened in the past, prior to the occurrence of the act in question. A retroactive or retrospective law is one that takes away or impairs vested rights acquired under existing laws, creates new obligations, imposes new duties, or attaches a collection of electric rent inclusion payments back to the commencement date of each tenant's lease. Over the past twelve months alone these increases typically range from 20% to as much as 50%, providing sorely sore·ly adv. 1. Painfully; grievously. 2. Extremely; greatly: Their skills were sorely needed. needed mitigation MITIGATION. To make less rigorous or penal. 2. Crimes are frequently committed under circumstances which are not justifiable nor excusable, yet they show that the offender has been greatly tempted; as, for example, when a starving man steals bread to satisfy of skyrocketing energy expenditures. EnergyWatch Energywatch is a watchdog charged with protecting and promoting the interests of all gas and electricity consumers in England, Scotland and Wales. Energywatch was created in November 2000 under the provisions of the Utility Act 2000. The current Chief Executive is Allan Asher. , or other consultants, helps you recover these expenses by providing tenant lease reviews, rate increase calculations for each tenant, supporting documentation for each tenant, and landlord support at tenant meetings. INNA CHEREVKO, SENIOR ENERGY PROCUREMENT The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. ANALYST, ENERGY WATCH |
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