Does Outgoings Include Electricity?

Under a commercial lease, landlords commonly pass on other costs to tenants. ... Outgoings are the expenses associated with the operation, maintenance or repair of the leased premises and can include utilities, council and water rates, body corporate fees and insurance.

What do outgoings include?

Outgoings are a major cost for the tenant. ... Some examples of outgoings include management fees, operation costs, cleaning and repairs; and rates, taxes and levies, in some cases. Some outgoings may be paid several times during the year, others after the end of the financial year.

How do you calculate outgoings?

How Are Outgoings Calculated? Outgoings are based on the Net Lettable Area (NLA) of the property the tenant is leasing in proportion to the NLA of the entire property. It is vital that your lease lists the proportion or percentage of outgoings you are liable to pay.