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Updated over 1 year ago on . Most recent reply

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Richard Phillip Lewis
  • Investor
  • Manasquan, NJ
37
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68
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What Utilities to include in the rent?

Richard Phillip Lewis
  • Investor
  • Manasquan, NJ
Posted

I'm in the process of gathering applications to rent my recently renovated duplex in Point Pleasant, NJ. My initial plan was to simply have tenants pay Rent + Utilities. I showed the property the other day and a tenant asked if I would be paying for the water bill? I said I wouldn't be since the duplex has all separate meters for each unit for all utilities. The tenant said "Oh, just so you know the water company will put a lein on your house if the water bill isn't paid" - This caught me off guard. I looked it up and the tenant was right. 

My Question: How do you handle utilities? Do you pay for the water bill and just have the tenant pay you back? Do you include a flat rate in their rate to cover the average water bill and eat the difference? 

Thoughts?

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8,383
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Colleen F.
  • Investor
  • Narragansett, RI
4,385
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8,383
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Colleen F.
  • Investor
  • Narragansett, RI
Replied

@Richard Phillip Lewis while this is true the tenant knows this how?  That would be my concern.  I would have utilities in the tenants name and also have a clause in your lease to cover non-payment. Inn my area. that is saying that unpaid utilities become additional rent. 

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