Utility & Miscellaneous Monthly Charges

Got the rent covered? Excellent. Now factor in the additional expenses for which you may be responsible if you lease Manhattan office space. Above and beyond the base rent, Manhattan commercial tenants are expected to shoulder the cost of electricity as well as a few other utility charges and operating expenses. Here’s the basic breakdown: Heat & Electricity for Manhattan Commercial Tenants The good news is that the cost of heat is always included in the base rent if you are a Manhattan commercial tenant. Electricity, on the other hand, is always billed separately. You’ll get hit with the bill in one of three ways: 1-     Directly from Con Edison (direct meter) 2-     From the landlord who monitors… Continue reading

Posted in Understanding Commercial Lease Language.