Form Pnm 756-426 - Landlord Standby Service Agreement - Pnm
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1
2
3PNM USE ONLY:
Customer Account # ____________________________
Credit Approval Date: ______
Initials: ______
Date Received: _____
Date Effective: _____
LANDLORD STANDBY (ELECTRIC)
SERVICE AGREEMENT
THIS AGREEMENT is made by Public Service Company of New Mexico, (“PNM”) and ________________________
_________________________ (“Landlord”) (each a “Party” and collectively, the “Parties”).
Section I - Recitals
A.
Landlord owns certain rental property, as listed on Exhibit A, which is attached to this Agreement (“Property”).
B.
PNM is the utility company authorized to provide electric services to the property.
C.
Landlord desires electric services to the property to continue uninterrupted when a Tenant requests that the services in
Tenant’s name be discontinued.
Section II - Agreement
NOW THEREFORE, PNM and Landlord agree as follows:
A.
PNM agrees not to terminate services to the property when a Tenant requests that electric services be discontinued. PNM
will instead transfer services into the Landlord’s name and account as of the date such services are scheduled to be discontinued.
Landlord agrees to pay all of their outstanding bills prior to entering into the Landlord Standby Service Agreement by and between
PNM and Landlord. Landlord agrees that the services will remain in Landlord’s name until a new Tenant requests services to be
placed into his or her name, or until Landlord provides written request to discontinue service in order to encourage new Tenant to
place service in his or her name. See Exhibit B, Part B.
B.
Landlord shall be liable for all bills incurred while service is in Landlord’s name.
C.
PNM is not responsible for a Tenant’s delay in, or failure to, place service in their name.
Section III – Governing Provisions
A.
Term
This Agreement shall commence no later than five (5) business days after credit approval is verified and shall be effective for
each property listed on Exhibit A until the Landlord provides written notice to PNM that a listed property is no longer subject to the
Agreement.
B.
Charges and Fees
Landlord shall be charged all applicable fees to initialize electric services if services are discontinued prior to PNM and
Landlord entering into and executing the Landlord Standby Electric Service Agreement.
C.
Notice to Discontinue Services for Non-Payment
1.
PNM shall not be required to notify Landlord in advance of any Tenant’s request to discontinue service. PNM will
however attempt to notify Landlord of any impending discontinuance of service for non-payment if an Authorization for Information
Disclosure Form is signed by the Tenant and on file with PNM. This provision shall apply only in instances where the Tenant who
has signed the Authorization for Information Disclosure Form is the same person(s) who has requested and receives electric services
for the same address. See Exhibit B, Part A.
2.
The obligations of the parties under this agreement are limited to instances where a Tenant requests electric services
to be discontinued, and does not extend to instances where a Tenant’s services are discontinued for non-payment.
PNM 756-426 12/08
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