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How is Utility Allowance defined in a legal contract?

• Utility Allowance means a monthly financial provision, sanctioned by a relevant body, for utilities and services (excluding phone services) to be borne by the tenant. Seen in 30 SEC filings
• Utility Allowance means the reasonable costs of utilities such as electricity, gas, and water costs that are included in the rent of the tenant. This does not include telephone or cable TV services. Seen in 9 SEC filings
• Utility Allowance means that part of Housing Expenses that the City determines, periodically, is sufficient for the fair utility costs of Affordable Units if the owner makes tenants responsible for their own utilities. Seen in 6 SEC filings
• Utility Allowance means the average monthly amount, as recognized by the Commissioner, for a family for heat and other utilities, excluding telephone, which is not provided or paid for by the Board of Directors of the project. Seen in 6 SEC filings
• Utility Allowance means a monthly allowance for utilities and services (excluding internet and telephone) to be paid by the tenant, which monthly allowance is approved annually and periodically by the Department as required under State Multifamily Rules. Seen in 6 SEC filings

Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Utility Allowance means the allocated monthly sum for utilities, excluding phone and internet, determined by a governing authority, paid by the tenant.

Relevant Contract Types

• Residential Lease Agreement
• Commercial Lease Agreement

Relevant Circumstances

• Negotiations around rental agreements where utilities are not included in the rent.
• Assessing the cost of living in certain housing units.

Relevant Sectors

• Real Estate
• Property Management

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Genie Definition 2

• Utility Allowance means the estimated cost of utilities in tenant's rent, as determined by a governing authority.

Relevant Contract Types

• Residential Lease Agreement
• Commercial Lease Agreement

Relevant Circumstances

• Calculating the overall expense of renting a property where utilities are included in the rent.
• Adjustments to the rental agreement to reflect changes in utility costs.

Relevant Sectors

• Real Estate
• Property Management

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