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Updated almost 3 years ago,
who pays for oil heating on a rental?
Hi everybody!
I am buying a rowhouse in PA with an oil tank in the basement, I am doing a rehab but my budget is really tight and I don't have enough money to convert the heating to anything else. How common is to have the tenants pay for their oil during the cold months and how expensive can I expect it to be? I am assuming the tank size is average but I don't know much about the matter.
should I pay it myself and factor it on the rent? or should I have the tenant pay for it entirely? or maybe work something out where we pay 50/50?
I really would like to hear your take on this. thank you!!