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Updated about 10 years ago,
Passing the cost of utilities on to tenants
I am considering purchasing a duplex in Sioux Falls, SD that does not have separate meters. Up until this point, from what I understand, the utilities were included in the rent. That works great if you own the place free and clear, but to purchase the place, I am having to finance. Can I pass the majority of utilities costs on to the tenants, and how do I make it fair if say one unit has one person and the other has three. At the moment, one place is vacant and the other place has a single long term renter.