House Meter definition
Examples of House Meter in a sentence
Pursuant to the Initial Lease, Landlord and Tenant agreed that Landlord would install a house meter to provide utility service to certain installations in the Common Areas serving the Building, including, without limitation, parking lot lighting and irrigation (the "House Meter").
The House Meter also measures electrical useage and consumption necessary to provide heating, ventillation and air conditioning to the entire Building Rentable Area(occupied and unoccupied) and all common areas of the Building.
The House Meter was removed as part of the Tenant Improvements and all utility service which previously was provided through the House Meter is now provided by Tenant's separate utility meter for the Premises.
Tenant hereby agrees to contract with and timely pay during the Lease Tenn for all utilities and services previously served by the House Meter together with any taxes, penalties, surcharges or the like pertaining to the same.
The expense of operating such House Meter shall be allocated among the tenants of the Center, and Tenant shall pay as additional rent Tenant’s Proportionate Share of such expense in the same manner as and in accordance with the provisions of Article 18 covering the payment of such Common Area expenses.
In the event Tenant installs a Premises Meter as described herein, whether at the request of Landlord or by election of Tenant, then Tenant shall no longer be included in the prorata allocation of expenses relating to the operation and use of the Tenant Meter described in Paragraph 10.2 above, but shall remain responsible for Tenant’s Proportionate Share of such expense relating to said House Meter described therein.
Due to logistical and economic reasons, Landlord and Tenant have agreed to have the costs of electric service and consumption for the entire Property continue to be measured by and passed through the House Meter and the costs of such electrical service and consumption shall be allocated and paid in the manner hereafter specified.