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Updated about 4 years ago, 09/23/2020
- Rental Property Investor
- East Wenatchee, WA
- 16,091
- Votes |
- 10,239
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Separating utilities, taxes. insurance from "rent"?
In light of the CDC eviction moratorium for non-payment of 'rent', is there a way to segregate what is rent vs what are fixed costs like w/s/g from rent? Speaking of multi's mostly. In my area w/s/g is owner-paid.
For instance a $900 apt rental might break-down like this on the lease / rental agreement:
Consideration: Rent =$800; W/S/G= $100. Total = $900.
If separating w/s/g is ok, how about taxes and insurance? Take same above but rent could be $500, w/s/g $100, taxes $250 , insurance $50. A double N lease if you will. Fixed op costs only, provable.
We've already moved to MTM agreements only. Holding over doesn't seem to be as protected. Because state and federal eviction moratoriums apply to non-payment of rent, how can we reduce the amount of 'rent' being charged?
Any thoughts from legal minds? @Jerry W. @chris K @Ashish Acharya Much appreciated!