Shared Utility Charges Clause Samples
The Shared Utility Charges clause establishes how utility costs that benefit multiple parties or units within a property are to be divided and paid. Typically, this clause outlines the method for calculating each party's share—such as by square footage, number of occupants, or another agreed formula—and specifies the process for billing and payment. Its core function is to ensure fairness and transparency in distributing utility expenses, thereby preventing disputes and clarifying financial responsibilities among tenants or property users.
Shared Utility Charges. Landlord must disclose all utility services that are charged separately and shall include the amount of administrative fees associated with a submetering or ratio utility billing system (§ 33-1314.01).Taxes – Landlord must disclose any change in transaction privilege tax within thirty (30) days’ written notice before adjusting the amount of rent (§ 33-1314).Rent Grace PeriodArizona does not have a grace period in regard to rent not paid on the payment date. However, late fees may incur immediately after the payment date and, if payment is still not made, the landlord may terminate the agreement (conditions apply) (§ 33-1368(B)). A list of Arizona REALTORS® forms accompanied by a short description. A sample of each form can be found by clicking on the name of the form. Used to add additional terms to an existing contract or when there is not sufficient room on a purchase contract to include all the terms being offered. (Rev. 06/93) Additional Clause Addendum A compilation of the most commonly used contract clauses. Agents can print out this form, check the box next to the clause that applies and attach it to the purchase contract. (Rev. 02/18) Additional Compensation Agreement Used by an agent to disclose any additional compensation they may receive as a result of a transaction. (Rev. 05/05)