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Updated over 5 years ago on . Most recent reply

User Stats

59
Posts
17
Votes
Greg D.
  • Investor
  • Tewksbury, MA
17
Votes |
59
Posts

Propane tank filling in lease and handling at changeover

Greg D.
  • Investor
  • Tewksbury, MA
Posted

I am going to be renting a set of apartments soon that have new propane services that the tenant will be responsible for. All my other rentals have metered NG at the street. How should these tanks be handled?  Do I deliver them full and sell the propane to the tenant?  Buy leftover propane back from the tenant?

I like my NG units even more now..

Most Popular Reply

User Stats

59
Posts
17
Votes
Greg D.
  • Investor
  • Tewksbury, MA
17
Votes |
59
Posts
Greg D.
  • Investor
  • Tewksbury, MA
Replied

Thanks for the replies. I've been doing this for a few years now and here is what has worked:

- Each tenant has their own tank and is expected to open an account with the LP company

- Tenant receives a full tank at move in

- I charge a $250 fuel deposit on top of the security (covers a tank fill)

-Tenant is expected to leave tank full at move out, if they don't I use the deposit to fill it 

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