This position is simple enough in lease agreements where
the tenant pays utilities billed separately, as this would simply mean that the amount billed by the municipality for water would be less, as the water consumption is less due to the drought — as such not affecting either party in that regard in any way.
Not exact matches
Plans call for the building to include geothermal climate control, solar - powered electricity and other features that will render it «net - zero for living,» meaning that
tenants will not have to
pay utility bills.
He said that whether a
tenant pays its portion of the mall's
utility bill would depend on individual store contracts.
Could this premium be justified because
utility bills paid by a
tenant should be cheaper, or could potential
tenants negotiate with landlords for lower rents if the property has a low energy rating?
Just because an area is hot, doesn't mean a
tenant isn't going to lose a job, stop
paying, damage the unit and possibly stick you with
utility bill (s).
Either way, you want the
tenants paying the
utilities, whether they
pay directly or you
bill them.
Many older multi families do not have separate
utilities, so you will either be stuck
paying for the
tenant's unlimited
utility usage or you will have to go through the monthly process of dividing the costs and
billing each
tenant.
The risk, of course, for buy - to - let investors is that the
tenant does not
pay the
utilities bill, leaving the investor liable for the account.
We have a property in Greeley, CO and found out the
tenant has not
paid their
utilities for the past 3 months and gas will be shut off today if they don't
pay at least half of the
bill today.
There are two electric meters so each
tenant pays their own electric
bill but all the other
utilities are shared.
Don't get stuck
paying utility or landscaping
bills that should have been the responsibility of the
tenant.
As an aside, the
tenant has also been several days late to
pay rent for the last few months, but I am having a hard time faulting them due to the hardship from the increased
utility bills.