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Updated almost 2 years ago,
utilities billing question from lease (and do you manage to make money off this?)
Hi - I have a strip center property where the lease says that if I manage the utilities, I can add a percentage to the bill as a management fee.
I'm wondering:
1. Is this common? Do you have something similar in your own leases (whether you are a landlord or tenant)?
2. How do landlords use this clause? Like my tenants are just directly billed by the utilities available here (water, electricity, gas). What is the value-add I'd really be providing to justify a fee?