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How is Utility Costs defined in a legal contract?

• Utility Costs means expenses related to home energy and utilities associated with rental property occupancy. These costs cover electricity, gas, water and sewer services, trash removal, and other energy costs. However, it does not comprise telecommunication services such as telephone, cable, and internet services. Seen in 28 SEC filings
• Utility Costs means the actual costs by a utility to design, construct, install, and commission utility facilities. These costs include both direct and indirect labor, contract labor, equipment and materials costs, applicable overhead costs, land survey and land rights, environmental costs, permitting, computer system and model upgrades, SCADA or other communications, and any related ITCC. Seen in 15 SEC filings
• Utility Costs means all charges, surcharges, and other costs for installing and using all required utilities connected to the premises or improvements. These costs include heating, ventilation and air conditioning expenses for the premises, costs of providing gas, electricity and other power sources, and also costs of providing water and sewer services to the premises. Seen in 14 SEC filings
• Utility Costs means utility and home energy costs for rental properties, including a regular monthly cost for firewood if used for heating or cooking. This definition, however, does not encompass telecommunication services which can be paid for as “other services.” Payments to public utilities are also included. Seen in 8 SEC filings
• Utility Costs means the costs of natural gas used in the operation of facilities. Seen in 7 SEC filings
• Utility Costs means the expenses due to the operation and maintenance of the facility, specifically for natural gas, electricity, chemicals, and diesel. Seen in 7 SEC filings
• Utility Costs means all charges for water, gas, telephone, internet, electric light and power and all other utilities and services used on or in respect of the premises. It also includes costs for all fittings, machines, apparatus, meters and anything else leased or supplied in respect of such utilities and services. Seen in 7 SEC filings

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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 Costs means expenses for utilities associated with property occupancy, excluding telecommunication services.

Relevant Contract Types

• Lease Agreement
• Rental Contract

Relevant Circumstances

• Renting or leasing a property where utilities need to be considered
• Agreement on utilities payment being provided by the landlord or tenant

Relevant Sectors

• Real Estate

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Genie Definition 2

• Utility Costs means costs of providing gas, electricity, other power sources, water, and sewer services to [property].

Relevant Contract Types

• Supply Contract
• Property Management Contract

Relevant Circumstances

• Contract requiring a transfer of utilities to a new owner or tenant
• Property management services which includes paying utility bills

Relevant Sectors

• Utilities

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Genie Definition 3

• Utility Costs means actual expenses in construction, installation, operation and maintenance of utility facilities.

Relevant Contract Types

• Construction Contract
• Facility Management Contract

Relevant Circumstances

• Construction of new utility facilities
• Operation and maintenance of existing utility facilities

Relevant Sectors

• Construction
• Facility Management

Genie Definition 4

• Utility Costs means charges for utilities used on or related to [property], including fittings and apparatus costs.

Relevant Contract Types

• Professional Services Agreement
• Commercial Lease Agreement

Relevant Circumstances

• Situation where utilities are provided as part of a professional services agreement
• Commercial leasing scenarios where utilities are charged as part of the rent

Relevant Sectors

• Professional Services

Genie Definition 5

• Utility Costs means expenses for use of natural gas in operation of facilities.

Relevant Contract Types

• Energy Supply Contract

Relevant Circumstances

• Provision of natural gas services to a facility
• Energy supply agreements

Relevant Sectors

• Energy and Gas Services

Note: [property] is where the user should insert the name of the property or assets related to their business dealings.

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