Get the free Electric Submeter Lease Rider - The Related Companies

Electric Submeter Lease Rider 1. Tenant acknowledges that the State of New York Department of Public Services has approved owners petition to submeter electricity to residential tenants located at

How to fill out electric submeter lease rider

How to fill out electric submeter lease rider:

1. Begin by reviewing the lease agreement for any specific instructions or requirements regarding the submeter lease rider.
2. Fill in the basic information: Include the names of all parties involved in the lease agreement, the date, and any relevant addresses.
3. Clearly state the purpose of the submeter lease rider: Explain that it is being added to the existing lease agreement to address the installation and use of electric submeters.
4. Specify the responsibilities of the landlord: Detail what the landlord is responsible for regarding the installation, maintenance, and repair of the electric submeters.
5. Specify the responsibilities of the tenant: Outline what the tenant is responsible for, such as paying for their individual electricity usage and reporting any issues with the submeters.
6. Include any additional terms and conditions: If there are any specific terms or conditions that both parties need to agree on, such as the frequency of meter readings or the process for disputing electricity charges, include them in this section.
7. Review the document for accuracy and clarity: Ensure that all the information is correct and that the language used is easy to understand.
8. Have all parties involved sign and date the submeter lease rider: This will indicate their agreement and acceptance of the terms outlined in the rider.
9. Keep a copy of the signed submeter lease rider with the original lease agreement for future reference and legal purposes.

Who needs electric submeter lease rider:

1. Landlords who want to accurately measure and allocate electricity usage in multi-family rental properties.
2. Tenants who want fair and individualized billing for their electricity usage in shared spaces.
3. Property management companies that aim to improve energy efficiency and transparency in their rental properties.

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