ENVIRONMENTAL UPGRADE CHARGE Sample Clauses
The Environmental Upgrade Charge clause establishes a mechanism for allocating costs associated with environmental improvements or upgrades to a property. Typically, this clause allows a landlord or property owner to recover expenses incurred from implementing energy efficiency measures, sustainability upgrades, or other environmentally beneficial modifications by charging tenants or occupants. For example, costs for installing solar panels, upgrading HVAC systems, or improving water efficiency may be passed on through this charge. The core function of this clause is to facilitate investment in environmental upgrades by providing a clear and structured way to recoup associated costs, thereby encouraging sustainable property management while ensuring transparency for all parties involved.
ENVIRONMENTAL UPGRADE CHARGE.
3.1 Declaration of Environmental Upgrade Charge
(a) On the date of this agreement, Council must declare that the Environmental Upgrade Charge applies to the Land. For the avoidance of doubt:
(i) Council may declare the Environmental Upgrade Charge only once during the Charge Period; and
(ii) Council may declare that more than one environmental upgrade charge under section 181C of the Local Government Act applies to the Land subject to the execution of a separate environmental upgrade agreement (as that term is defined in the Local Government Act) in relation to each such environmental upgrade charge.
(b) On one or more occasions during the Charge Period, Council may levy payment of the Environmental Upgrade Charge by sending a notice to the Owner in accordance with sections 181C(2) and 181C(3) of the Local Government Act.
(c) In levying payment of the Environmental Upgrade Charge in accordance with clause 3.1(b), Council shall invoice the Owner for any Environmental Upgrade Charge separately from any other rates or charges in relation to the Land.
(d) Notwithstanding any other provision of this agreement, the parties agree that this agreement (other than clause 3.1(a)) will be of no force or effect, and the parties will not be bound by this agreement, until the Commencement Date.
ENVIRONMENTAL UPGRADE CHARGE