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Updated over 7 years ago on . Most recent reply
Puerto Rico Multifamily - Metering
Hi All,
Anyone knowledgeable in Puerto Rico real estate law know if submetering or RUBS is allowed? I'm looking at an apartment complex that has ridiculous utility bills - each 1 bedroom / studio equivalent is on average generating a $100 light and $175 water bill; utilities are currently included in the ~$350 rent so that leaves very little income left after utilities.
The building is old (built in 1920); so I'm wondering if there could be some serious piping problems.