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Category Archives: Electricity
How Tenants Can Prepare for the Unthinkable
Hurricane Sandy devastates the northeast. As recently reported on Bloomberg (http://www.bloomberg.com/news/2012-11-09/lower-manhattan-quiet-as-sandy-shuts-one-third-of-offices.html) 33% of the 101 million square feet of lower Manhattan’s office space was inoperable as of November 7th, several days after Sandy’s landfall. Likewise, immediately after 9-11, areas of … Continue reading
Filed under: Building Services, Damage, Electricity, Other Lease Terms, Pre-lease Issues
Tagged denial of office use, hurricane sandy, office building damage, office building destruction, office building interruption, restoration, service interruption, tenant disruption
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Florida Tenants – Beware of Double Tax on Tenant Electric Charges
As you’ll soon be receiving Operating Expense reconciliation statements, we wanted to bring to your attention a frequently overlooked sales tax charge on electric. Florida, as you may recall, imposes a sales tax on rent. Most leases provide that the … Continue reading
Filed under: Electricity, Lease Audit, Pass-throughs
Tagged florida office electric charges, florida office tenants, florida sales tax on electric, tenant electric, utilities
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