Best ways to handle triple-net where "area%" is not a fair split

[Tamas Z.]

Hello all,

I'm new to this field, and have just one commercial property. There is a lot of learning to be done, and I'm looking forward to learning from everyone!

My basic question is, what are the recommended strategies for dealing with situations where the regular triple-net "pay prorated to rentable space area" isn't actually the fair split.

Specifically, I've got two roughly-equal-sized spaces, but one of them is a business that contributes the vast majority of the electrical bill, and having them split it evenly with the other tenant, in standard triple-net fashion, doesn't seem right.

One option I've been considering is to just have the meter split, so each of the units just gets their own bill, and then the electric bill is just no longer part of the operational costs equation. Is that a common, or even recommended practice? What are the pitfalls? It might be a really expensive thing to do... does the cost of making that change officially fall on the tenants, or the landlord? I assume it's the landlord, but if it's generally pretty affordable, I don't mind doing it, to avoid the headaches.

All the best, thanks for your time! Really looking forward to learning more!